MidWestOne Financial Group (NASDAQ:MOFG) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $36.03 and traded as high as $49.69. MidWestOne Financial Group shares last traded at $49.31, with a volume of 576,261 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on MOFG shares. Stephens lowered shares of MidWestOne Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MidWestOne Financial Group in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of MidWestOne Financial Group from $37.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.50.

MidWestOne Financial Group Price Performance

The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 17.55 and a beta of 1.07. The company has a fifty day moving average price of $42.82 and a two-hundred day moving average price of $36.03. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, January 16th. MidWestOne Financial Group’s dividend payout ratio (DPR) is presently 34.52%.

Hedge Funds Weigh In On MidWestOne Financial Group

Several institutional investors have recently added to or reduced their stakes in MOFG. OMERS ADMINISTRATION Corp purchased a new stake in MidWestOne Financial Group during the 4th quarter valued at approximately $6,841,000. Squarepoint Ops LLC increased its holdings in shares of MidWestOne Financial Group by 99.0% in the fourth quarter. Squarepoint Ops LLC now owns 99,653 shares of the financial services provider’s stock valued at $3,837,000 after purchasing an additional 49,579 shares during the period. Nicolet Advisory Services LLC purchased a new stake in shares of MidWestOne Financial Group during the fourth quarter worth approximately $618,000. Barclays PLC lifted its holdings in shares of MidWestOne Financial Group by 13.3% during the fourth quarter. Barclays PLC now owns 55,102 shares of the financial services provider’s stock worth $2,121,000 after purchasing an additional 6,455 shares during the period. Finally, Aigen Investment Management LP purchased a new position in MidWestOne Financial Group in the 4th quarter valued at $216,000. Institutional investors and hedge funds own 65.42% of the company’s stock.

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.