Middleburg Financial Corp. Downgraded by Zacks to Neutral (MBRG)
Middleburg Financial Corp. (NASDAQ:MBRG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, American Banking News reports. They currently have a $22.70 price target on the stock. Zacks‘ price objective indicates a potential upside of 16.77% from the company’s current price.
Middleburg Financial Corp. (NASDAQ:MBRG) traded up 0.98% on Monday, hitting $19.63. The stock had a trading volume of 24,069 shares. Middleburg Financial Corp. has a 1-year low of $15.86 and a 1-year high of $21.81. The stock has a 50-day moving average of $19.16 and a 200-day moving average of $19.21. The company has a market cap of $139.2 million and a P/E ratio of 21.13.
Middleburg Financial Corporation is a bank holding company. The Company conducts its primary operations through two wholly owned subsidiaries, Middleburg Bank and Middleburg Investment Group, Inc The Company has one other wholly owned subsidiary, MFC Capital Trust II, which is a Delaware Business Trust.
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