Insider Buying: David Sokol Acquires 1,952 Shares of Middleburg Financial Corp. Stock (MBRG)
Middleburg Financial Corp. (NASDAQ:MBRG) major shareholder David Sokol purchased 1,952 shares of Middleburg Financial Corp. stock on the open market in a transaction that occurred on Tuesday, January 7th. The shares were purchased at an average price of $18.42 per share, for a total transaction of $35,955.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Middleburg Financial Corp. (NASDAQ:MBRG) traded down 0.86% on Wednesday, hitting $18.55. The stock had a trading volume of 4,766 shares. Middleburg Financial Corp. has a 52-week low of $16.38 and a 52-week high of $21.81. The stock has a 50-day moving average of $18.86 and a 200-day moving average of $19.50. The company has a market cap of $131.5 million and a price-to-earnings ratio of 20.56.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Middleburg Financial Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, December 27th. They now have a $19.40 price target on the stock.
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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