MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Get Free Report) CEO Charles N. Reeves bought 1,000 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $21.36 per share, with a total value of $21,360.00. Following the completion of the purchase, the chief executive officer now owns 32,000 shares of the company’s stock, valued at $683,520. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
MidWestOne Financial Group Trading Down 0.5 %
NASDAQ:MOFG opened at $21.35 on Friday. The company has a market capitalization of $336.26 million, a P/E ratio of 14.83 and a beta of 0.97. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.24. MidWestOne Financial Group, Inc. has a 12 month low of $17.80 and a 12 month high of $27.78. The firm has a fifty day simple moving average of $21.89 and a 200-day simple moving average of $22.98.
MidWestOne Financial Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.243 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 4.55%. MidWestOne Financial Group’s dividend payout ratio is currently 67.36%.
Analysts Set New Price Targets
View Our Latest Report on MOFG
Institutional Trading of MidWestOne Financial Group
Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of MidWestOne Financial Group in the third quarter worth about $129,000. Trexquant Investment LP increased its holdings in MidWestOne Financial Group by 47.0% in the 3rd quarter. Trexquant Investment LP now owns 31,048 shares of the financial services provider’s stock worth $631,000 after buying an additional 9,929 shares during the period. Bailard Inc. purchased a new position in MidWestOne Financial Group during the 4th quarter worth approximately $346,000. Swiss National Bank lifted its stake in MidWestOne Financial Group by 2.5% during the 3rd quarter. Swiss National Bank now owns 32,800 shares of the financial services provider’s stock valued at $667,000 after acquiring an additional 800 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in MidWestOne Financial Group by 0.6% during the 3rd 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 acquiring an additional 591 shares during the period. Hedge funds and other institutional investors own 65.42% of the company’s stock.
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, 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.
Featured Stories
- Five stocks we like better than MidWestOne Financial Group
- What is Put Option Volume?
- MarketBeat Week in Review – 4/29 – 5/3
- What are earnings reports?
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- How to buy stock: A step-by-step guide for beginners
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for MidWestOne Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidWestOne Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.