AT Bancorp boosted its position in MidWestOne Financial Group (NASDAQ:MOFG) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 295,478 shares of the financial services provider’s stock after buying an additional 17,621 shares during the period. MidWestOne Financial Group makes up approximately 1.1% of AT Bancorp’s investment portfolio, making the stock its 13th largest holding. AT Bancorp owned 2.42% of MidWestOne Financial Group worth $9,836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new stake in MidWestOne Financial Group in the 4th quarter worth approximately $187,000. Brandywine Global Investment Management LLC raised its stake in shares of MidWestOne Financial Group by 46.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 5,671 shares of the financial services provider’s stock worth $191,000 after buying an additional 1,794 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of MidWestOne Financial Group during the 4th quarter worth approximately $286,000. Monarch Partners Asset Management LLC raised its stake in shares of MidWestOne Financial Group by 15.5% during 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 during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of MidWestOne Financial Group by 17.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 22,061 shares of the financial services provider’s stock worth $740,000 after buying an additional 3,261 shares during the period. Hedge funds and other institutional investors own 42.92% of the company’s stock.

NASDAQ MOFG opened at $33.26 on Friday. MidWestOne Financial Group has a one year low of $33.30 and a one year high of $33.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $404.33 million, a P/E ratio of 18.39, a PEG ratio of 1.52 and a beta of 1.00.

MidWestOne Financial Group (NASDAQ:MOFG) last posted its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). MidWestOne Financial Group had a net margin of 13.71% and a return on equity of 6.70%. sell-side analysts forecast that MidWestOne Financial Group will post 2.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, May 31st. MidWestOne Financial Group’s dividend payout ratio is currently 43.09%.

Several brokerages have recently weighed in on MOFG. Sandler O’Neill reaffirmed a “buy” rating and set a $39.00 target price on shares of MidWestOne Financial Group in a research note on Friday, January 19th. BidaskClub downgraded MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Zacks Investment Research downgraded MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 29th. Finally, ValuEngine downgraded MidWestOne Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.50.

MidWestOne Financial Group Company Profile

MidWestOne Financial Group, Inc operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It offers deposit products, such as checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits.

Institutional Ownership by Quarter for MidWestOne Financial Group (NASDAQ:MOFG)

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