MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Kurt R. Weise sold 889 shares of MidWestOne Financial Group stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $32.91, for a total transaction of $29,256.99. Following the sale, the director now owns 2,275 shares in the company, valued at approximately $74,870.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

MidWestOne Financial Group, Inc. (MOFG) traded up 0.37% on Wednesday, hitting $32.90. 49,559 shares of the company were exchanged. The stock’s 50-day moving average price is $34.16 and its 200-day moving average price is $34.92. MidWestOne Financial Group, Inc. has a 52-week low of $27.93 and a 52-week high of $39.20. The stock has a market capitalization of $401.97 million, a P/E ratio of 16.01 and a beta of 1.23.

MidWestOne Financial Group (NASDAQ:MOFG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.59 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.59. The company had revenue of $31.57 million for the quarter, compared to the consensus estimate of $31.17 million. MidWestOne Financial Group had a return on equity of 7.55% and a net margin of 17.60%. On average, equities research analysts anticipate that MidWestOne Financial Group, Inc. will post $2.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.07%. This is an increase from MidWestOne Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, August 30th. MidWestOne Financial Group’s payout ratio is presently 32.20%.

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Several equities research analysts have recently issued reports on MOFG shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $40.00 price objective on shares of MidWestOne Financial Group in a research report on Friday, May 19th. BidaskClub upgraded shares of MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research cut shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $37.00 price objective on shares of MidWestOne Financial Group and gave the company a “hold” rating in a research report on Thursday, July 27th.

A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in MidWestOne Financial Group during the first quarter worth approximately $20,031,000. State Street Corp increased its stake in MidWestOne Financial Group by 26.9% in the fourth quarter. State Street Corp now owns 141,405 shares of the financial services provider’s stock worth $5,317,000 after buying an additional 29,977 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in MidWestOne Financial Group by 134.5% in the first quarter. Pacific Ridge Capital Partners LLC now owns 25,820 shares of the financial services provider’s stock worth $885,000 after buying an additional 14,810 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in MidWestOne Financial Group by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 163,289 shares of the financial services provider’s stock worth $6,140,000 after buying an additional 14,101 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in MidWestOne Financial Group by 482.5% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 150,908 shares of the financial services provider’s stock worth $5,175,000 after buying an additional 125,000 shares during the last quarter. Institutional investors own 44.28% of the company’s stock.

About MidWestOne Financial Group

MidWestOne Financial Group, Inc is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.

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