Versor Investments LP acquired a new position in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Free Report) during the fourth quarter, HoldingsChannel reports. The firm acquired 70,444 shares of the financial services provider’s stock, valued at approximately $2,712,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. raised its holdings in shares of MidWestOne Financial Group by 129.2% during the third quarter. Federated Hermes Inc. now owns 1,242 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 700 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of MidWestOne Financial Group by 12,135.7% during the third quarter. Russell Investments Group Ltd. now owns 1,713 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,699 shares during the period. Signaturefd LLC raised its holdings in shares of MidWestOne Financial Group by 402.1% during the fourth quarter. Signaturefd LLC now owns 2,124 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 1,701 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of MidWestOne Financial Group by 65.0% during the third quarter. BNP Paribas Financial Markets now owns 3,298 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 1,299 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in MidWestOne Financial Group in the 2nd quarter valued at $98,000. 65.42% of the stock is currently owned by institutional investors and hedge funds.
MidWestOne Financial Group Price Performance
Shares of MOFG stock opened at $49.31 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. MidWestOne Financial Group, Inc. has a 1 year low of $25.75 and a 1 year high of $49.69. The firm’s fifty day moving average price is $49.31 and its two-hundred day moving average price is $44.37. The firm has a market capitalization of $1.02 billion, a P/E ratio of 17.55 and a beta of 1.07.
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.
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