MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Stephen L. West purchased 3,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was purchased at an average cost of $33.02 per share, with a total value of $99,060.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

MidWestOne Financial Group, Inc. (NASDAQ MOFG) opened at $31.74 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $397.38, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07. MidWestOne Financial Group, Inc. has a twelve month low of $30.56 and a twelve month high of $38.29.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.195 dividend. This is a boost from MidWestOne Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.78 annualized dividend and a yield of 2.46%. MidWestOne Financial Group’s dividend payout ratio is 33.50%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Archford Capital Strategies LLC raised its holdings in shares of MidWestOne Financial Group by 133.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 2,000 shares of the financial services provider’s stock worth $116,000 after buying an additional 1,145 shares in the last quarter. Monarch Partners Asset Management LLC raised its holdings in shares of MidWestOne Financial Group by 15.5% in the 4th quarter. Monarch Partners Asset Management LLC now owns 15,750 shares of the financial services provider’s stock worth $528,000 after buying an additional 2,110 shares in the last quarter. LSV Asset Management raised its holdings in shares of MidWestOne Financial Group by 2.0% in the 4th quarter. LSV Asset Management now owns 121,749 shares of the financial services provider’s stock worth $4,082,000 after buying an additional 2,429 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of MidWestOne Financial Group by 38.8% in the 3rd quarter. Trexquant Investment LP now owns 8,868 shares of the financial services provider’s stock worth $299,000 after buying an additional 2,481 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of MidWestOne Financial Group by 27.8% in the 2nd quarter. New York State Common Retirement Fund now owns 13,800 shares of the financial services provider’s stock worth $468,000 after buying an additional 2,999 shares in the last quarter. 46.35% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the company. Zacks Investment Research cut MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. BidaskClub raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $39.00 price target on shares of MidWestOne Financial Group in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.50.

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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.

Insider Buying and Selling by Quarter for MidWestOne Financial Group (NASDAQ:MOFG)

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