Insider Selling: MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Sells 3,000 Shares of Stock

MidWestOne Financial Group, Inc. (NASDAQ:MOFGGet Free Report) Director Charles N. Funk sold 3,000 shares of the firm’s 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 sale, the director now owns 14,329 shares of the company’s stock, valued at $306,640.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

MidWestOne Financial Group Trading Up 1.7 %

NASDAQ MOFG opened at $21.44 on Thursday. MidWestOne Financial Group, Inc. has a 12 month low of $18.00 and a 12 month high of $27.78. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $21.79 and its two-hundred day moving average price is $23.01. The firm has a market capitalization of $337.68 million, a PE ratio of 14.89 and a beta of 0.97.

MidWestOne Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.243 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.97 annualized dividend and a yield of 4.53%. MidWestOne Financial Group’s dividend payout ratio is currently 67.36%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Piper Sandler lowered their price objective on shares of MidWestOne Financial Group from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. StockNews.com upgraded shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Hovde Group decreased 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, April 26th. Finally, Keefe, Bruyette & Woods decreased their price target on MidWestOne Financial Group from $28.00 to $27.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.13.

View Our Latest Stock Report on MOFG

Institutional Trading of MidWestOne Financial Group

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in MidWestOne Financial Group during the 3rd quarter worth approximately $129,000. Bank of New York Mellon Corp boosted its position in shares of MidWestOne Financial Group by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 94,360 shares of the financial services provider’s stock valued at $1,918,000 after buying an additional 591 shares during the last quarter. Strs Ohio boosted its position in MidWestOne Financial Group by 10.0% in the third quarter. Strs Ohio now owns 23,100 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 2,100 shares during the last quarter. LSV Asset Management increased 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 buying an additional 14,800 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of MidWestOne Financial Group by 2.5% in the third quarter. Swiss National Bank now owns 32,800 shares of the financial services provider’s stock valued at $667,000 after purchasing an additional 800 shares in the last quarter. 65.42% of the stock is currently owned by institutional investors and hedge funds.

MidWestOne Financial Group Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for MidWestOne Financial Group (NASDAQ:MOFG)

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