MidWestOne Financial Group (NASDAQ:MOFG) Director Kurt R. Weise sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $33.02, for a total value of $24,765.00. Following the sale, the director now owns 2,169 shares of the company’s stock, valued at approximately $71,620.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
MidWestOne Financial Group remained flat at $$33.15 during trading hours on Thursday, Marketbeat Ratings reports. The company’s stock had a trading volume of 206 shares, compared to its average volume of 14,308. The stock has a market capitalization of $398.46 million, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.86. MidWestOne Financial Group has a 1 year low of $33.15 and a 1 year high of $33.50.
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MidWestOne Financial Group (NASDAQ:MOFG) last released its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). MidWestOne Financial Group had a return on equity of 6.70% and a net margin of 13.71%. sell-side analysts anticipate that MidWestOne Financial Group will post 2.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, May 31st. MidWestOne Financial Group’s payout ratio is 43.09%.
Large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC purchased a new position in MidWestOne Financial Group in the fourth quarter worth $187,000. Brandywine Global Investment Management LLC raised its position in MidWestOne Financial Group by 46.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 5,671 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 1,794 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in MidWestOne Financial Group in the first quarter worth $266,000. Raymond James Financial Services Advisors Inc. purchased a new position in MidWestOne Financial Group in the fourth quarter worth $286,000. Finally, Monarch Partners Asset Management LLC raised its position in MidWestOne Financial Group by 15.5% in the fourth quarter. Monarch Partners Asset Management LLC now owns 15,750 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 2,110 shares in the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.
Several equities research analysts have recently commented on the company. BidaskClub upgraded MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Sandler O’Neill restated a “buy” rating and set a $39.00 price target on shares of MidWestOne Financial Group in a research note on Friday, January 19th. Zacks Investment Research cut MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. Finally, ValuEngine cut MidWestOne Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $37.50.
About MidWestOne Financial Group
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.