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Last $18.00 USD
Change Today +0.02 / 0.11%
Volume 4.8K
As of 7:40 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

middleburg financial corp (MBRG) Key Developments

Middleburg Financial Corporation Declares Cash Dividend, Payable on May 29, 2015

On April 30, 2015, Middleburg Financial Corporation announced the declaration of a cash dividend of $0.10 per share to shareholders of record on May 15, 2015, payable on May 29, 2015.

Middleburg Financial Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Middleburg Financial Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Net income of $2.45 million or $0.34 per diluted share for the quarter ended March 31, 2015, an increase of 23.82% compared to $1.98 million or $0.28 per diluted share for the first quarter of 2014. Net interest income was $9.63 million for the first quarter of 2015, an increase of 3.39% compared to the previous quarter and a decrease of 0.82% compared to the first quarter of 2014. Income before income taxes was $3.28 million against $2.56 million a year ago. ROA was 0.80% against 0.66% a year ago. ROE was 8.01% against 6.99% a year ago. Book value (MFC Shareholders) was $17.51 against $16.37 a year ago.

Middleburg Financial Corporation, Annual General Meeting, May 06, 2015

Middleburg Financial Corporation, Annual General Meeting, May 06, 2015., at 10:00 Eastern Daylight. Location: Middleburg Community Center. Agenda: To elect 12 directors to serve for terms of one year each expiring at the 2016 Annual meeting of shareholders; to ratify the appointment of Yount, Hyde & Barbour, P.C., as independent registered public accounting firm for the year ending December 31, 2015; and to act upon such other matters as may properly come before the annual meeting.

Middleburg Financial Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Middleburg Financial Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest and dividend income of USD 10,487,000 against USD 11,114,000 a year ago. Net interest income was USD 9,315,000 against USD 9,609,000 a year ago. Income before income taxes was USD 1,792,000 against USD 1,202,000 a year ago. Net income attributable to the company was USD 1,630,000 or USD 0.23 per basic and diluted share against USD 1,123,000 or USD 0.16 per basic and diluted share a year ago. Return on average assets was 0.53% against 0.37% a year ago. Return on average equity was 5.31% against 3.92% a year ago. Net interest income after provision for loan losses was USD 8,865,000 against USD 9,499,000 a year ago. Book value per share was USD 17.11 as on December 31, 2014 against USD 15.90 as on December 31, 2013. Tangible book value per share was USD 16.58 as on December 31, 2014 against USD 15.13 as on December 31, 2013. Total revenue, which is comprised of net interest income (before provision for loan losses) and non-interest income, was USD 11.67 million for the fourth quarter of 2014, representing a decrease of 1.35% compared to the previous quarter and a decrease of 22.30% compared to the fourth quarter of 2013. The decline in revenue in the fourth quarter of 2014 compared to the previous quarter was driven by lower net interest income as the decrease in loan yields caused further net interest margin compression. For the full year, the company reported total interest and dividend income of USD 43,325,000 against USD 44,272,000 a year ago. Net interest income was USD 38,082,000 against USD 37,705,000 a year ago. Income before income taxes was USD 9,827,000 against USD 8,094,000 a year ago. Net income attributable to the company was USD 7,584,000 or USD 1.06 per diluted share against USD 6,154,000 or USD 0.87 per diluted share a year ago. Net interest income after provision for loan losses was USD 36,122,000 against USD 37,596,000 a year ago. Total revenue was USD 52.87 million compared to total revenue for 2013 of USD 62.24 million, a decline of 15.05% on a year-over-year basis. The declines in revenue in 2014 compared to the same periods in 2013 were primarily due to the sale of Southern Trust Mortgage in the second quarter of 2014, which resulted in no revenue from the gain on sale of residential mortgage loans in the third and fourth quarters of 2014.

Middleburg Financial Corporation Declares Cash Dividend for the Period Ended September 30, 2014, Payable on November 28, 2014

On October 30, 2014, Middleburg Financial Corporation announced the declaration of a cash dividend of $0.10 per share for the period ended September 30, 2014 to shareholders of record on November 14, 2014, payable on November 28, 2014.

 

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MBRG:US $18.00 USD +0.02

MBRG Competitors

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Industry Analysis

MBRG

Industry Average

Valuation MBRG Industry Range
Price/Earnings 15.9x
Price/Sales 2.6x
Price/Book 1.0x
Price/Cash Flow 16.0x
TEV/Sales NM Not Meaningful
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