MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Douglas K. True bought 300 shares of the stock in a transaction dated Friday, December 8th. The stock was purchased at an average price of $35.33 per share, with a total value of $10,599.00. Following the purchase, the director now owns 1,000 shares in the company, valued at $35,330. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) traded up $0.35 on Thursday, hitting $35.10. The stock had a trading volume of 74,100 shares, compared to its average volume of 35,154. The stock has a market cap of $424.61, a PE ratio of 16.95, a PEG ratio of 2.48 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. MidWestOne Financial Group, Inc. has a 52 week low of $30.56 and a 52 week high of $39.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, November 30th. MidWestOne Financial Group’s payout ratio is presently 33.50%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOFG. Vanguard Group Inc. lifted its stake in shares of MidWestOne Financial Group by 50.0% in the 1st quarter. Vanguard Group Inc. now owns 367,513 shares of the financial services provider’s stock valued at $12,602,000 after purchasing an additional 122,424 shares during the period. Geode Capital Management LLC lifted its stake in shares of MidWestOne Financial Group by 12.2% in the 1st quarter. Geode Capital Management LLC now owns 68,124 shares of the financial services provider’s stock valued at $2,335,000 after purchasing an additional 7,381 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of MidWestOne Financial Group by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 175,439 shares of the financial services provider’s stock valued at $6,016,000 after purchasing an additional 12,150 shares during the period. Bessemer Group Inc. increased its position in MidWestOne Financial Group by 48.2% during the 2nd quarter. Bessemer Group Inc. now owns 16,300 shares of the financial services provider’s stock valued at $552,000 after buying an additional 5,300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in MidWestOne Financial Group by 66.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,800 shares of the financial services provider’s stock valued at $638,000 after buying an additional 7,500 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research cut MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. BidaskClub upgraded MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd.

WARNING: “Insider Buying: MidWestOne Financial Group, Inc. (MOFG) Director Buys $10,599.00 in Stock” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/12/14/insider-buying-midwestone-financial-group-inc-mofg-director-buys-10599-00-in-stock.html.

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.

Receive News & Ratings for MidWestOne Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidWestOne Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.