ABC Arbitrage SA acquired a new position in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Free Report) in the 4th quarter, HoldingsChannel reports. The fund acquired 166,401 shares of the financial services provider’s stock, valued at approximately $6,406,000.
A number of other institutional investors also recently modified their holdings of MOFG. Wellington Management Group LLP raised its holdings in shares of MidWestOne Financial Group by 11.4% during the third quarter. Wellington Management Group LLP now owns 1,354,527 shares of the financial services provider’s stock valued at $38,320,000 after purchasing an additional 139,033 shares during the period. Vanguard Group Inc. raised its stake in MidWestOne Financial Group by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,030,102 shares of the financial services provider’s stock worth $29,142,000 after buying an additional 15,065 shares during the period. FJ Capital Management LLC raised its stake in MidWestOne Financial Group by 4.0% during the 3rd quarter. FJ Capital Management LLC now owns 796,883 shares of the financial services provider’s stock worth $22,544,000 after buying an additional 30,681 shares during the period. Goldman Sachs Group Inc. boosted its holdings in MidWestOne Financial Group by 16.8% in the first quarter. Goldman Sachs Group Inc. now owns 531,724 shares of the financial services provider’s stock worth $15,744,000 after acquiring an additional 76,368 shares in the last quarter. Finally, Maltese Capital Management LLC boosted its holdings in MidWestOne Financial Group by 5.6% in the third quarter. Maltese Capital Management LLC now owns 363,402 shares of the financial services provider’s stock worth $10,281,000 after acquiring an additional 19,301 shares in the last quarter. Institutional investors and hedge funds own 65.42% of the company’s stock.
MidWestOne Financial Group Stock Performance
NASDAQ MOFG opened at $49.31 on Tuesday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 17.55 and a beta of 1.07. MidWestOne Financial Group, Inc. has a 52 week low of $25.75 and a 52 week high of $49.69. The business has a 50 day moving average price of $49.31 and a 200-day moving average price of $44.37. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16.
MidWestOne Financial Group 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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