MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Get Free Report) Director Charles N. Funk sold 3,000 shares of MidWestOne Financial Group stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $21.40, for a total value of $64,200.00. Following the transaction, the director now owns 14,329 shares in the company, valued at $306,640.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MidWestOne Financial Group Price Performance
NASDAQ:MOFG opened at $21.99 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.73 and a current ratio of 0.73. The stock’s 50-day simple moving average is $21.77 and its 200 day simple moving average is $23.01. The company has a market cap of $346.34 million, a P/E ratio of 15.27 and a beta of 0.97. MidWestOne Financial Group, Inc. has a 52-week low of $18.00 and a 52-week high of $27.78.
MidWestOne Financial Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $0.243 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Monday, June 3rd. MidWestOne Financial Group’s dividend payout ratio is currently 67.36%.
Institutional Trading of MidWestOne Financial Group
Analysts Set New Price Targets
Several analysts have issued reports on MOFG shares. Piper Sandler dropped their price target on MidWestOne Financial Group from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Keefe, Bruyette & Woods dropped their price target on MidWestOne Financial Group from $28.00 to $27.00 and set a “market perform” rating on the stock in a research note on Friday, April 5th. StockNews.com raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Hovde Group dropped their price target on MidWestOne Financial Group from $23.50 to $21.50 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, MidWestOne Financial Group currently has a consensus rating of “Hold” and an average target price of $24.13.
Read Our Latest Research Report on MOFG
About MidWestOne Financial Group
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, governmental units, and institutional customers. It offers range of deposit products, including noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts.
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