Stephen L. West Purchases 3,000 Shares of MidWestOne Financial Group, Inc. (MOFG) Stock
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 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.
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