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Last $18.30 USD
Change Today 0.00 / 0.00%
Volume 388.0
MBRG On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

middleburg financial corp (MBRG) Snapshot

Open
$18.30
Previous Close
$18.30
Day High
$18.30
Day Low
$18.30
52 Week High
05/14/14 - $20.79
52 Week Low
10/16/14 - $16.87
Market Cap
130.5M
Average Volume 10 Days
2.8K
EPS TTM
$1.07
Shares Outstanding
7.1M
EX-Date
02/11/15
P/E TM
17.2x
Dividend
$0.40
Dividend Yield
2.02%
Current Stock Chart for MIDDLEBURG FINANCIAL CORP (MBRG)

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middleburg financial corp (MBRG) Details

Middleburg Financial Corporation operates as the bank holding company for Middleburg Bank that provides various banking products and services to individuals, and small and medium-sized businesses. The company operates through Commercial & Retail Banking, Wealth Management, and Mortgage Banking segments. It provides various deposit accounts, such as demand and interest checking, money market, savings, and time deposit accounts. The company’s loan portfolio comprise construction loans, including residential loans, and land acquisition and development loans; commercial business loans; residential mortgage loans; commercial real estate loans; 1-4 family residential real estate loans; and consumer loans, such as unsecured personal loans and lines of credit, automobile loans, deposit account loans, installment and demand loans, and home equity loans. It also offers Internet banking, travelers’ checks, safe deposit rentals, notary public, and wire services, as well as mortgage banking services to residential borrowers in five states in the Southeastern United States. In addition, the company provides wealth management services; and investment management and fiduciary services, including trust and estate settlement, as well as investment brokerage services. As of December 31, 2013, it operated 12 branches in the Virginia communities of Ashburn, Gainesville, Leesburg, Marshall, Middleburg, Purcellville, Reston, Richmond, Warrenton, and Williamsburg. The company was founded in 1924 and is headquartered in Middleburg, Virginia.

183 Employees
Last Reported Date: 03/13/15
Founded in 1924

middleburg financial corp (MBRG) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $389.1K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $231.5K
Chief Operating Officer, Senior Executive Vic...
Total Annual Compensation: $271.2K
Chief Executive Officer of Middleburg Investm...
Total Annual Compensation: $218.6K
Compensation as of Fiscal Year 2013.

middleburg financial corp (MBRG) Key Developments

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.

Middleburg Financial Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Middleburg Financial Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. Net income of $2.12 million or $0.30 per diluted share for the quarter ended September 30, 2014, an increase of 14.34% compared to net income of $1.86 million or $0.26 per diluted share for the previous quarter and an increase of 31.66% compared to net income of $1.61 million or $0.23 per diluted share for the third quarter of 2013. Net interest income was $9.55 million for the quarter ended September 30, 2014, an increase of 0.37% compared to the previous quarter and an increase of 2.41% compared to the quarter ended September 30, 2013. Total revenue, which is comprised of net interest income (before provision for loan losses) and non-interest income, was $11.83 million for the quarter ended September 30, 2014, representing a decrease of 14.21% compared to the previous quarter and a decrease of 23.45% compared to the quarter ended September 30, 2013. The company recorded net interest income of $9.55 million for the quarter ended September 30, 2014, representing an increase of 0.37% compared to the previous quarter and an increase of 2.41% compared to the quarter ended September 30, 2013. Income before income taxes was $2.884 million against $2.140 million a year ago. Return on average assets (ROA) was 0.69% against 0.52% a year ago. Return on average equity (ROE) was 7.00% against 5.71% a year ago. For the nine-month period, the company reported Net interest income was $28.767 million against $28.096 million a year ago. Income before income taxes was $8.035 million against $6.892 million a year ago. Net income attributable to Middleburg Financial Corporation was $5.954 million or $0.84 diluted per share against $5.031 million or $0.71 diluted per share a year ago. Tangible book value was $16.43 as at September 30, 2014 against $15.03 per share as on September 30, 2013. The book value of the company's common stock at September 30, 2014 was $16.97 per share versus $15.90 per share at December 31, 2013.

 

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MBRG Competitors

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Company Last Change
MVB Financial Corp $13.00 USD 0.00
Peoples Bancorp of North Carolina Inc $18.47 USD +0.22
Premier Financial Bancorp Inc $15.23 USD -0.12
Summit Financial Group Inc $11.95 USD +0.1999
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Industry Analysis

MBRG

Industry Average

Valuation MBRG Industry Range
Price/Earnings 17.2x
Price/Sales 2.6x
Price/Book 1.1x
Price/Cash Flow 17.2x
TEV/Sales NM Not Meaningful
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