Middleburg Financial Corp. Plans Quarterly Dividend of $0.10 (MBRG)
Middleburg Financial Corp. (NASDAQ:MBRG) announced a quarterly dividend on Wednesday, July 30th, Analyst Ratings News reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.10 per share on Friday, August 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.18%.
A number of research firms have recently commented on MBRG. Analysts at Zacks downgraded shares of Middleburg Financial Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $22.30 price target on the stock.
Shares of Middleburg Financial Corp. (NASDAQ:MBRG) traded up 0.66% during mid-day trading on Wednesday, hitting $18.37. 615 shares of the company’s stock traded hands. Middleburg Financial Corp. has a one year low of $16.53 and a one year high of $21.65. The stock’s 50-day moving average is $18.72 and its 200-day moving average is $18.30. The company has a market cap of $130.0 million and a P/E ratio of 19.01.
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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