MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Shares Bought by Bailard Inc.

Bailard Inc. lifted its holdings in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,905 shares of the financial services provider’s stock after buying an additional 420 shares during the quarter. Bailard Inc. owned approximately 0.06% of MidWestOne Financial Group worth $347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in MidWestOne Financial Group during the third quarter worth $361,000. Curi RMB Capital LLC purchased a new stake in shares of MidWestOne Financial Group during the third quarter worth about $4,402,000. Empowered Funds LLC increased its stake in shares of MidWestOne Financial Group by 5.2% during the third quarter. Empowered Funds LLC now owns 60,114 shares of the financial services provider’s stock worth $1,715,000 after purchasing an additional 2,948 shares in the last quarter. Stieven Capital Advisors L.P. acquired a new position in shares of MidWestOne Financial Group during the 3rd quarter worth about $5,706,000. Finally, Jennison Associates LLC purchased a new position in MidWestOne Financial Group in the 3rd quarter valued at about $22,186,000. Hedge funds and other institutional investors own 65.42% of the company’s stock.

MidWestOne Financial Group Trading Down 4.0 %

MOFG opened at $29.31 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.78 and a quick ratio of 0.77. The company’s 50 day simple moving average is $30.46 and its two-hundred day simple moving average is $30.14. The firm has a market capitalization of $608.92 million, a price-to-earnings ratio of -7.22 and a beta of 1.04. MidWestOne Financial Group, Inc. has a 1-year low of $19.43 and a 1-year high of $34.56.

MidWestOne Financial Group (NASDAQ:MOFG) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.77 earnings per share for the quarter, topping 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%. Analysts expect that MidWestOne Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

MidWestOne Financial Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Monday, March 3rd. MidWestOne Financial Group’s dividend payout ratio is currently -23.89%.

Analyst Ratings Changes

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

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.