MidWestOne Financial Group (MOFG) Stock Rating Upgraded by Zacks Investment Research
MidWestOne Financial Group (NASDAQ:MOFG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.
According to Zacks, “MIDWESTONE FINANCIAL publicly trades common stock on the NASDAQ under the symbol MOFG. It includes the banking affiliates of MidWestOne Bank, Iowa State Bank & Trust Company, Iowa City, Iowa and First State Bank, Conrad, Iowa and is committed to expansion in existing and new markets to continually enhance shareholder value. “
Separately, BidaskClub cut shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Friday, December 22nd.
In other MidWestOne Financial Group news, Director Kurt R. Weise sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $35.21, for a total transaction of $35,210.00. Following the transaction, the director now owns 2,275 shares in the company, valued at approximately $80,102.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 25.30% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the business. Archford Capital Strategies LLC boosted its position in shares of MidWestOne Financial Group by 133.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,000 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 1,145 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of MidWestOne Financial Group during the second quarter valued at $133,000. SG Americas Securities LLC bought a new position in shares of MidWestOne Financial Group during the third quarter valued at $181,000. Alliancebernstein L.P. bought a new position in shares of MidWestOne Financial Group during the second quarter valued at $217,000. Finally, Citadel Advisors LLC bought a new position in shares of MidWestOne Financial Group during the third quarter valued at $268,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.
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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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