Deprince Race & Zollo Inc. lowered its stake in shares of Middleburg Financial Corp. (NASDAQ:MBRG) by 60.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 102,333 shares of the financial services provider’s stock after selling 158,317 shares during the period. Deprince Race & Zollo Inc.’s holdings in Middleburg Financial Corp. were worth $2,783,000 as of its most recent filing with the SEC.
Shares of Middleburg Financial Corp. (NASDAQ:MBRG) traded up 0.04% on Friday, hitting $27.36. 1,687 shares of the stock traded hands. Middleburg Financial Corp. has a 12 month low of $17.35 and a 12 month high of $29.24. The firm’s 50 day moving average is $27.92 and its 200-day moving average is $26.91. The company has a market cap of $194.28 million, a PE ratio of 25.12 and a beta of 0.43.
Middleburg Financial Corp. (NASDAQ:MBRG) last released its quarterly earnings data on Friday, July 29th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. Middleburg Financial Corp. had a return on equity of 6.21% and a net margin of 14.74%. Equities analysts predict that Middleburg Financial Corp. will post $1.38 earnings per share for the current year.
Separately, Zacks Investment Research raised shares of Middleburg Financial Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th.
About Middleburg Financial Corp.
Middleburg Financial Corporation is a bank holding company. The Company conducts its primary operations through two subsidiaries, Middleburg Bank and Middleburg Investment Group, Inc Its segments are Commercial & Retail Banking, which includes loans, investment securities and deposit accounts; Wealth Management, including wealth management activities, and Mortgage Banking, including mortgage banking activities.
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