Insider Buying: David L. Sokol Acquires 1,000 Shares of Middleburg Financial Corp. Stock (MBRG)
Middleburg Financial Corp. (NASDAQ:MBRG) major shareholder David L. Sokol bought 1,000 shares of the stock on the open market in a transaction that occurred on Tuesday, June 24th. The shares were purchased at an average cost of $18.00 per share, with a total value of $18,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Middleburg Financial Corp. (NASDAQ:MBRG) opened at 18.505 on Friday. Middleburg Financial Corp. has a 52-week low of $16.53 and a 52-week high of $21.81. The stock’s 50-day moving average is $18.43 and its 200-day moving average is $18.22. The company has a market cap of $130.9 million and a price-to-earnings ratio of 19.14.
Middleburg Financial Corp. (NASDAQ:MBRG) last issued its quarterly 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. On average, analysts predict that Middleburg Financial Corp. will post $1.06 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Middleburg Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.