MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Get Free Report) Director Charles N. Funk sold 3,000 shares of the firm's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $21.40, for a total value of $64,200.00. Following the completion of the transaction, the director now owns 14,329 shares in the company, valued at approximately $306,640.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
MidWestOne Financial Group Stock Down 0.8 %
Shares of NASDAQ:MOFG opened at $21.08 on Wednesday. The firm has a market capitalization of $332.01 million, a PE ratio of 14.64 and a beta of 0.97. MidWestOne Financial Group, Inc. has a 1 year low of $18.00 and a 1 year high of $27.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.73 and a quick ratio of 0.73. The firm's 50-day moving average is $21.81 and its two-hundred day moving average is $23.02.
MidWestOne Financial Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.243 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 4.61%. MidWestOne Financial Group's dividend payout ratio (DPR) is presently 67.36%.
Analyst Upgrades and Downgrades
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A number of brokerages have recently commented on MOFG. Hovde Group reduced their target price on shares of MidWestOne Financial Group from $23.50 to $21.50 and set a "market perform" rating for the company in a research report on Friday, April 26th. Keefe, Bruyette & Woods decreased their target price on shares of MidWestOne Financial Group from $28.00 to $27.00 and set a "market perform" rating on the stock in a research note on Friday, April 5th. Piper Sandler lowered their target price on MidWestOne Financial Group from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, April 29th. Finally, StockNews.com raised MidWestOne Financial Group from a "sell" rating to a "hold" rating in a research note on Friday, January 19th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, MidWestOne Financial Group currently has an average rating of "Hold" and an average price target of $24.13.
Read Our Latest Report on MidWestOne Financial Group
Hedge Funds Weigh In On MidWestOne Financial Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its position in shares of MidWestOne Financial Group by 8.2% during the first quarter. Empowered Funds LLC now owns 53,206 shares of the financial services provider's stock worth $1,247,000 after acquiring an additional 4,015 shares during the period. Sippican Capital Advisors increased its holdings in MidWestOne Financial Group by 88.9% during the 1st quarter. Sippican Capital Advisors now owns 41,430 shares of the financial services provider's stock worth $971,000 after purchasing an additional 19,495 shares during the period. BNP Paribas Financial Markets raised its position in MidWestOne Financial Group by 24.8% in the 4th quarter. BNP Paribas Financial Markets now owns 13,738 shares of the financial services provider's stock valued at $370,000 after purchasing an additional 2,728 shares in the last quarter. Bailard Inc. purchased a new position in shares of MidWestOne Financial Group in the 4th quarter valued at about $346,000. Finally, SG Americas Securities LLC grew its position in shares of MidWestOne Financial Group by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 8,051 shares of the financial services provider's stock worth $217,000 after buying an additional 1,727 shares in the last quarter. Hedge funds and other institutional investors own 65.42% of the company's stock.
About MidWestOne Financial Group
(
Get Free Report)
MidWestOne Financial Group, Inc operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. It offers range of deposit products, including noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts.
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