MidWestOne Financial Group, Inc. (MOFG) Director Kurt R. Weise Sells 500 Shares

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Kurt R. Weise sold 500 shares of MidWestOne Financial Group stock in a transaction on Friday, September 14th. The shares were sold at an average price of $34.33, for a total value of $17,165.00. Following the sale, the director now directly owns 2,503 shares in the company, valued at approximately $85,927.99. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of MOFG traded up $0.56 during midday trading on Friday, reaching $34.69. The stock had a trading volume of 54,526 shares, compared to its average volume of 16,652. MidWestOne Financial Group, Inc. has a 52 week low of $30.56 and a 52 week high of $37.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $416.74 million, a PE ratio of 17.05, a P/E/G ratio of 1.60 and a beta of 0.91.

MidWestOne Financial Group (NASDAQ:MOFG) last posted its quarterly earnings data on Friday, July 27th. The financial services provider reported $0.67 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.67. MidWestOne Financial Group had a return on equity of 7.09% and a net margin of 14.13%. The company had revenue of $32.07 million for the quarter, compared to the consensus estimate of $32.61 million. equities research analysts forecast that MidWestOne Financial Group, Inc. will post 2.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Saturday, September 1st will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, August 30th. MidWestOne Financial Group’s dividend payout ratio is presently 43.09%.

A number of research firms have recently commented on MOFG. BidaskClub raised MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 20th. ValuEngine downgraded MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research downgraded MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royce & Associates LP raised its stake in shares of MidWestOne Financial Group by 1.4% in the 2nd quarter. Royce & Associates LP now owns 733,424 shares of the financial services provider’s stock worth $24,775,000 after buying an additional 10,102 shares in the last quarter. BlackRock Inc. raised its stake in shares of MidWestOne Financial Group by 6.4% in the 2nd quarter. BlackRock Inc. now owns 565,800 shares of the financial services provider’s stock worth $19,113,000 after buying an additional 34,126 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MidWestOne Financial Group by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 334,154 shares of the financial services provider’s stock worth $11,288,000 after buying an additional 25,575 shares in the last quarter. AT Bancorp raised its stake in shares of MidWestOne Financial Group by 6.3% in the 1st quarter. AT Bancorp now owns 295,478 shares of the financial services provider’s stock worth $9,836,000 after buying an additional 17,621 shares in the last quarter. Finally, Maltese Capital Management LLC raised its stake in shares of MidWestOne Financial Group by 14.4% in the 1st quarter. Maltese Capital Management LLC now owns 235,000 shares of the financial services provider’s stock worth $7,823,000 after buying an additional 29,600 shares in the last quarter. 45.66% of the stock is currently owned by institutional investors.

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.

Further Reading: Stock Symbols and CUSIP Explained

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

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