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Middleburg Financial Corporation (MBRG) [hlAlert]

up 13.67 %

Middleburg Financial Corporation (MBRG) rated Buy with price target $22 by Davenport

Posted on: Monday,  May 3, 2010  1:25 PM ET by Davenport

Davenport rated Buy Middleburg Financial Corporation (NASDAQ: MBRG) on 05/03/2010. Previously Davenport rated Buy Middleburg Financial Corporation (NASDAQ: MBRG) on 10/22/2008.,
when the stock price was $15.50. Since then, Middleburg Financial Corporation has gained 13.68% as of 08/27/2015's recent price of $17.62.
If you would have followed the previous Davenport's recommendation on MBRG, you would have gained 13.67% of your investment in 2500 days.

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. The Company, through its subsidiaries, offers a wide range of banking, fiduciary and investment management services to both individuals and small businesses. Middleburg Bank?s services include various types of checking and savings deposit accounts, and the making of business, real estate, development, mortgage, home equity, automobile and other installment, demand and term loans. Also, Middleburg Bank offers ATMs at eight facilities and at two offsite locations. The Company operates in three segments: commercial and retail banking services; wealth management services, and mortgage banking services.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/3/2010 1:25 PM Buy
17.30 22.00
as of 12/31/2010
1 Week up  3.02 %
1 Month up  4.71 %
3 Months up  4.11 %
1 YTD up  21.15 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/22/2008 9:25 AM Buy
15.50 20.00
2/28/2008 1:25 PM Hold

(*) Stock Price at the time of the recommendation.
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