The stock of Middleburg Financial Corp. (NASDAQ:MBRG) hit a new 52-week high and has $36.34 target or 4.00% above today’s $34.94 share price. The 7 months bullish chart indicates low risk for the $253.17 million company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $36.34 price target is reached, the company will be worth $10.13M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,657 shares traded hands. Middleburg Financial Corp. (NASDAQ:MBRG) has risen 31.65% since April 20, 2016 and is uptrending. It has outperformed by 27.09% the S&P500.
According to Zacks Investment Research, “Middleburg Financial Corporation has three wholly owned subsidiaries, The Middleburg Bank, The Tredegar Trust Company and Gilkison Patterson Investment Advisors, Inc. The Middleburg Bank serves Loudoun County, Virginia with 5 branches. The Tredegar Trust Company is headquartered in Richmond, Virginia with a branch office in Middleburg, Virginia. Gilkison Patterson Investment Advisors, Inc. is an investment management firm located in Alexandria, Virginia.”
Insitutional Activity: The institutional sentiment decreased to 1.54 in 2016 Q2. Its down 0.61, from 2.15 in 2016Q1. The ratio dived, as 8 funds sold all Middleburg Financial Corp. shares owned while 5 reduced positions. 17 funds bought stakes while 11 increased positions. They now own 1.49 million shares or 11.26% more from 1.34 million shares in 2016Q1.
Natl Bank Of America De holds 0% of its portfolio in Middleburg Financial Corp. (NASDAQ:MBRG) for 542 shares. Citigroup Inc holds 0% or 467 shares in its portfolio. Morgan Stanley owns 1,250 shares or 0% of their US portfolio. Moreover, Suntrust Banks Inc has 0% invested in Middleburg Financial Corp. (NASDAQ:MBRG) for 25,600 shares. Delta Asset Limited Liability Company Tn has 200 shares for 0% of their US portfolio. Blackrock Advisors Lc last reported 1,292 shares in the company. Fsi Ltd Liability Corp accumulated 24,322 shares or 0.4% of the stock. Sandy Spring State Bank owns 4,000 shares or 0.01% of their US portfolio. Jpmorgan Chase And Com has invested 0% of its portfolio in Middleburg Financial Corp. (NASDAQ:MBRG). Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma accumulated 6,484 shares or 0% of the stock. Northern Trust Corporation accumulated 0% or 52,980 shares. California State Teachers Retirement has 9,841 shares for 0% of their US portfolio. Bnp Paribas Arbitrage holds 0% of its portfolio in Middleburg Financial Corp. (NASDAQ:MBRG) for 186 shares. Blackrock Institutional Trust Company Na, a California-based fund reported 32,066 shares. Wellington Mgmt Grp Ltd Liability Partnership last reported 374,342 shares in the company.
Insider Transactions: Since July 15, 2016, the stock had 1 buy, and 0 sales for $2,121 net activity. 74 shares with value of $2,121 were bought by LECLAIR GARY D on Friday, July 15.
More notable recent Middleburg Financial Corp. (NASDAQ:MBRG) news were published by: Reuters.com which released: “BRIEF-Middleburg Financial Corp Q3 earnings per share $0.32” on October 28, 2016, also Prnewswire.com with their article: “Middleburg Financial Corporation Announces Joseph L. Boling to Retire” published on July 28, 2016, Prnewswire.com published: “Middleburg Financial Corporation Enhances Treasury Management Offering with …” on June 20, 2016. More interesting news about Middleburg Financial Corp. (NASDAQ:MBRG) were released by: Bizjournals.com and their article: “Access National, Middleburg Financial announce merger” published on October 24, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Access National Corp and Middleburg Financial Corp announce strategi…” with publication date: October 24, 2016.
MBRG Company Profile
Middleburg Financial Corporation, incorporated on November 25, 2008, is a bank holding company. The Firm conducts its primary activities through two subsidiaries, Middleburg Bank and Middleburg Investment Group, Inc. The Firm has another subsidiary, MFC Capital Trust II. The Company’s divisions are Commercial & Retail Banking, which includes loans, investment securities and deposit accounts; Wealth Management, including wealth management activities, and Mortgage Banking, which includes mortgage banking activities. The Company, through its subsidiaries, offers a range of banking, fiduciary and investment management services to both individuals and small businesses. The Company’s business activities include commercial and retail banking services through Middleburg Bank, wealth management services through Middleburg Investment Group, Inc., and mortgage banking services. Middleburg Bank’s services include various types of checking and savings deposit accounts, and the origination of business, real estate, development, mortgage, home equity, automobile and other installment, demand and term loans. Middleburg Bank also offers automatic teller machines (ATMs) at approximately 10 facilities and over two off-site locations. Other banking services available to the Company’s clients include Internet banking, travelers’ checks, safe deposit rentals, notary public and wire services.
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