MIDDLEBURG FINL (MBRG) Downgraded by Zacks to UNDERPERFORM

Zacks Zacks Investment Research downgraded shares of MIDDLEBURG FINL (MBRG) from NEUTRAL to UNDERPERFORM on March 19, 2013, with a target price of $17.80.

Middleburg Financial Corporation has three wholly owned subsidiaries, The Middleburg Bank, The Tredegar Trust Company and Gilkison Patterson Investment Advisors, Inc. The Middleburg Bank serves Loudoun County, Virginia with 5 branches. The Tredegar Trust Company is headquartered in Richmond, Virginia with a branch office in Middleburg, Virginia. Gilkison Patterson Investment Advisors, Inc. is an investment management firm located in Alexandria, Virginia.

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