Deprince Race & Zollo Inc. Sells 3,224 Shares of Middleburg Financial Corp. (MBRG)
Deprince Race & Zollo Inc. decreased its position in Middleburg Financial Corp. (NASDAQ:MBRG) by 3.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 99,109 shares of the financial services provider’s stock after selling 3,224 shares during the period. Deprince Race & Zollo Inc. owned 1.40% of Middleburg Financial Corp. worth $2,803,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of MBRG. Nationwide Fund Advisors acquired a new stake in Middleburg Financial Corp. during the second quarter valued at approximately $174,000. Teachers Advisors Inc. acquired a new stake in Middleburg Financial Corp. during the second quarter valued at approximately $207,000. Dimensional Fund Advisors LP acquired a new stake in Middleburg Financial Corp. during the second quarter valued at approximately $210,000. California State Teachers Retirement System acquired a new stake in Middleburg Financial Corp. during the second quarter valued at approximately $268,000. Finally, Bank of New York Mellon Corp acquired a new stake in Middleburg Financial Corp. during the second quarter valued at approximately $286,000. 27.11% of the stock is owned by institutional investors.
Middleburg Financial Corp. (NASDAQ:MBRG) traded down 1.53% during mid-day trading on Monday, hitting $34.84. The stock had a trading volume of 10,805 shares. The stock has a market cap of $251.09 million, a price-to-earnings ratio of 31.99 and a beta of 0.53. The company has a 50-day moving average of $30.80 and a 200-day moving average of $28.42. Middleburg Financial Corp. has a 12-month low of $17.86 and a 12-month high of $35.44.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Friday, November 11th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, November 8th. Middleburg Financial Corp.’s dividend payout ratio is currently 47.71%.
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Middleburg Financial Corp. Company Profile
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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