Bailard Inc. Acquires Shares of 12,857 MidWestOne Financial Group, Inc. (NASDAQ:MOFG)

Bailard Inc. bought a new stake in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) in the fourth quarter, Holdings Channel reports. The firm bought 12,857 shares of the financial services provider’s stock, valued at approximately $346,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sippican Capital Advisors acquired a new stake in shares of MidWestOne Financial Group during the 4th quarter valued at about $590,000. LSV Asset Management grew its position in MidWestOne Financial Group by 10.3% in the third quarter. LSV Asset Management now owns 158,622 shares of the financial services provider’s stock worth $3,225,000 after acquiring an additional 14,800 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of MidWestOne Financial Group by 47.0% during the 3rd quarter. Trexquant Investment LP now owns 31,048 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 9,929 shares in the last quarter. Investment Advisory Services Inc. TX ADV bought a new position in shares of MidWestOne Financial Group during the 4th quarter valued at $242,000. Finally, SG Americas Securities LLC acquired a new stake in shares of MidWestOne Financial Group in the 3rd quarter valued at $129,000. 65.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler assumed coverage on shares of MidWestOne Financial Group in a research report on Wednesday, March 13th. They set a “neutral” rating and a $24.00 target price on the stock. Hovde Group lowered 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 report on Friday. StockNews.com raised shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Finally, Keefe, Bruyette & Woods lowered 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. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $24.63.

Insider Buying and Selling

In other MidWestOne Financial Group news, CEO Charles N. Reeves bought 4,447 shares of the stock in a transaction on Monday, March 11th. The stock was purchased at an average price of $22.49 per share, with a total value of $100,013.03. Following the acquisition, the chief executive officer now owns 38,346 shares of the company’s stock, valued at $862,401.54. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 3.20% of the stock is currently owned by insiders.

MidWestOne Financial Group Trading Down 2.8 %

MOFG stock opened at $20.41 on Monday. The business’s 50 day moving average is $22.13 and its 200-day moving average is $23.00. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.24. MidWestOne Financial Group, Inc. has a 1-year low of $17.80 and a 1-year high of $27.78. The firm has a market cap of $321.46 million, a P/E ratio of 14.17 and a beta of 0.95.

MidWestOne Financial Group (NASDAQ:MOFG) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. MidWestOne Financial Group had a net margin of 7.78% and a return on equity of 5.52%. The firm had revenue of $36.42 million during the quarter, compared to analysts’ expectations of $43.40 million. Equities analysts anticipate that MidWestOne Financial Group, Inc. will post 2.17 earnings per share for the current fiscal year.

MidWestOne Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.243 per share. This represents a $0.97 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Monday, June 3rd. MidWestOne Financial Group’s dividend payout ratio is 67.36%.

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, 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.