Middleburg Financial Corp. Rating Lowered to Neutral at Zacks (MBRG)
Middleburg Financial Corp. (NASDAQ:MBRG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $22.30 target price on the stock. Zacks‘s price objective would suggest a potential upside of 13.37% from the stock’s previous close.
Middleburg Financial Corp. (NASDAQ:MBRG) traded down 4.47% on Tuesday, hitting $18.79. The stock had a trading volume of 59,583 shares. Middleburg Financial Corp. has a 1-year low of $16.53 and a 1-year high of $21.81. The stock’s 50-day moving average is $18. and its 200-day moving average is $18.2. The company has a market cap of $133.0 million and a price-to-earnings ratio of 20.49.
Middleburg Financial Corp. (NASDAQ:MBRG) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ 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.
In other Middleburg Financial Corp. news, President Gary Ross Shook sold 10,209 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $20.00, for a total transaction of $204,180.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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