8,149 Shares in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,149 shares of the financial services provider’s stock, valued at approximately $237,000.

A number of other large investors have also recently bought and sold shares of the company. Jennison Associates LLC lifted its position in shares of MidWestOne Financial Group by 6.2% in the fourth quarter. Jennison Associates LLC now owns 825,632 shares of the financial services provider’s stock worth $24,042,000 after purchasing an additional 47,979 shares in the last quarter. Wellington Management Group LLP lifted its position in MidWestOne Financial Group by 318.0% during the 3rd quarter. Wellington Management Group LLP now owns 800,334 shares of the financial services provider’s stock worth $22,834,000 after buying an additional 608,883 shares in the last quarter. Geode Capital Management LLC lifted its position in MidWestOne Financial Group by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 335,677 shares of the financial services provider’s stock worth $9,579,000 after buying an additional 9,787 shares in the last quarter. State Street Corp boosted its stake in shares of MidWestOne Financial Group by 5.7% during the 3rd quarter. State Street Corp now owns 300,394 shares of the financial services provider’s stock worth $8,570,000 after buying an additional 16,132 shares during the last quarter. Finally, Basswood Capital Management L.L.C. bought a new position in shares of MidWestOne Financial Group in the 3rd quarter valued at about $7,094,000. Institutional investors and hedge funds own 65.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MOFG. StockNews.com raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods raised MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $34.00 to $39.00 in a report on Tuesday, December 17th. Finally, Hovde Group boosted their target price on shares of MidWestOne Financial Group from $30.00 to $33.50 and gave the stock a “market perform” rating in a report on Monday, January 27th.

MidWestOne Financial Group Price Performance

Shares of NASDAQ MOFG opened at $29.72 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $30.56 and its two-hundred day moving average price is $30.22. The company has a market cap of $618.65 million, a PE ratio of -7.32 and a beta of 1.04. MidWestOne Financial Group, Inc. has a twelve month low of $19.43 and a twelve month high of $34.56.

MidWestOne Financial Group (NASDAQ:MOFG) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. MidWestOne Financial Group had a return on equity of 6.54% and a net margin of 9.79%. On average, analysts predict that MidWestOne Financial Group, Inc. will post 3.2 EPS for the current year.

MidWestOne Financial Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Monday, March 3rd. MidWestOne Financial Group’s dividend payout ratio is presently -23.89%.

Insider Buying and Selling

In related news, CEO Charles N. Reeves acquired 1,785 shares of the business’s stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $27.98 per share, for a total transaction of $49,944.30. Following the completion of the transaction, the chief executive officer now directly owns 53,621 shares of the company’s stock, valued at approximately $1,500,315.58. The trade was a 3.44 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by insiders.

MidWestOne Financial Group Profile

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.