Today’s Market Runner: What’s Ahead for Middleburg Financial Corp. After Achieving 52-Week High?

Today's Market Runner: What's Ahead for Middleburg Financial Corp. After Achieving 52 Week High?

The stock of Middleburg Financial Corp. (NASDAQ:MBRG) hit a new 52-week high and has $58.78 target or 74.00% above today’s $33.78 share price. The 9 months bullish chart indicates low risk for the $246.25 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $58.78 price target is reached, the company will be worth $182.23M 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. The stock increased 0.60% or $0.2 during the last trading session, hitting $33.78. About 18,865 shares traded hands. Middleburg Financial Corp. (NASDAQ:MBRG) has risen 30.51% since April 15, 2016 and is uptrending. It has outperformed by 25.89% 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 increased to 2.15 in Q2 2016. Its up 1.30, from 0.85 in 2016Q1. The ratio improved, 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.
Blackrock Fund Advsr last reported 0% of its portfolio in the stock. Palladium Partners Ltd Liability Corporation has invested 0.02% of its portfolio in Middleburg Financial Corp. (NASDAQ:MBRG). Shufro Rose Ltd holds 0.31% or 102,798 shares in its portfolio. Hbk Sorce Advisory Limited Liability Company owns 12,800 shares or 0.07% of their US portfolio. Jpmorgan Chase And has 16,956 shares for 0% of their US portfolio. Blackrock reported 688 shares or 0% of all its holdings. Blackrock Advisors Limited Liability Corporation holds 1,292 shares or 0% of its portfolio. Deutsche Fincl Bank Ag accumulated 16,432 shares or 0% of the stock. Wellington Management Grp Inc Limited Liability Partnership has 374,342 shares for 0% of their US portfolio. Delta Asset Mgmt Ltd Com Tn holds 200 shares or 0% of its portfolio. The Texas-based Dimensional Fund Advsrs Limited Partnership has invested 0% in Middleburg Financial Corp. (NASDAQ:MBRG). Moreover, Blackrock Institutional Trust Company Na has 0% invested in Middleburg Financial Corp. (NASDAQ:MBRG) for 32,066 shares. Natl Bank Of America Corporation De holds 0% or 542 shares in its portfolio. Loring Wolcott And Coolidge Fiduciary Advisors Llp Ma accumulated 0% or 6,484 shares. Maltese Cap Ltd owns 72,500 shares or 0.25% of their US portfolio.

Insider Transactions: Since May 20, 2016, the stock had 1 insider purchase, and 0 insider sales for $2,121 net activity. 114 shares were bought by LECLAIR GARY D, worth $3,131.

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 Nasdaq.com‘s news article titled: “Middleburg Financial Corporation (MBRG) Ex-Dividend Date Scheduled for …” with publication date: November 07, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment