Middleburg Financial Corp. major shareholder Purchases $1,556,839 in Stock (MBRG)
Middleburg Financial Corp. (NASDAQ:MBRG) major shareholder David L. Sokol purchased 89,115 shares of Middleburg Financial Corp. stock on the open market in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $17.47 per share, for a total transaction of $1,556,839.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Middleburg Financial Corp. (NASDAQ:MBRG) traded up 1.26% on Wednesday, hitting $17.63. 76,106 shares of the company’s stock traded hands. Middleburg Financial Corp. has a 1-year low of $16.53 and a 1-year high of $21.81. The stock has a 50-day moving average of $17.76 and a 200-day moving average of $18.47. The company has a market cap of $124.7 million and a price-to-earnings ratio of 18.15.
Middleburg Financial Corp. (NASDAQ:MBRG) last released its earnings data on Wednesday, April 30th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.09. Analysts expect that Middleburg Financial Corp. will post $0.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, May 14th.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Middleburg Financial Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $20.30 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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