Maltese Capital Management LLC Buys 19,301 Shares of MidWestOne Financial Group, Inc. $MOFG

Maltese Capital Management LLC increased its stake in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 5.6% during the third quarter, Holdings Channel reports. The firm owned 363,402 shares of the financial services provider’s stock after acquiring an additional 19,301 shares during the period. MidWestOne Financial Group makes up approximately 1.6% of Maltese Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. Maltese Capital Management LLC’s holdings in MidWestOne Financial Group were worth $10,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MOFG. Wellington Management Group LLP increased its holdings in MidWestOne Financial Group by 11.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,354,527 shares of the financial services provider’s stock valued at $38,320,000 after buying an additional 139,033 shares during the period. Millennium Management LLC increased its stake in MidWestOne Financial Group by 187.6% in the third quarter. Millennium Management LLC now owns 197,522 shares of the financial services provider’s stock valued at $5,588,000 after acquiring an additional 128,845 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in MidWestOne Financial Group by 125.7% during the second quarter. JPMorgan Chase & Co. now owns 138,212 shares of the financial services provider’s stock worth $3,976,000 after purchasing an additional 76,966 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of MidWestOne Financial Group by 16.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 531,724 shares of the financial services provider’s stock valued at $15,744,000 after purchasing an additional 76,368 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of MidWestOne Financial Group by 13.2% in the 2nd quarter. Geode Capital Management LLC now owns 502,898 shares of the financial services provider’s stock valued at $14,471,000 after purchasing an additional 58,709 shares during the last quarter. Institutional investors own 65.42% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of MidWestOne Financial Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, MidWestOne Financial Group currently has a consensus rating of “Hold” and a consensus price target of $40.50.

MidWestOne Financial Group Price Performance

Shares of NASDAQ:MOFG opened at $49.31 on Tuesday. MidWestOne Financial Group, Inc. has a 52-week low of $24.62 and a 52-week high of $49.69. The company has a market capitalization of $1.02 billion, a PE ratio of 17.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day moving average of $46.52 and a 200-day moving average of $38.94.

MidWestOne Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, January 16th. MidWestOne Financial Group’s payout ratio is 34.52%.

MidWestOne Financial Group Company Profile

MidWestOne Financial Group, Inc (NASDAQ: MOFG) is a registered bank holding company headquartered in West Des Moines, Iowa. Through its principal subsidiary, MidWestOne Bank, the company provides a comprehensive range of commercial and consumer banking products and services. Its commercial banking division offers business lending solutions, including commercial real estate loans, business lines of credit, equipment financing and treasury management services. For individual customers, MidWestOne delivers checking and savings accounts, home mortgage and home equity loans, and personal lending solutions.

Beyond traditional banking, MidWestOne offers trust, wealth management and insurance services through specialized teams of financial advisors.