Jennifer Leigh Hauschildt Buys 517 Shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Stock

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Jennifer Leigh Hauschildt acquired 517 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $29.00 per share, with a total value of $14,993.00. Following the completion of the transaction, the director now owns 9,511 shares in the company, valued at approximately $275,819. The trade was a 5.75 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

MidWestOne Financial Group Trading Down 0.8 %

Shares of MidWestOne Financial Group stock opened at $29.00 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 0.78. The company has a market capitalization of $602.48 million, a P/E ratio of -7.14 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. The company’s fifty day moving average is $30.44 and its two-hundred day moving average is $30.14.

MidWestOne Financial Group (NASDAQ:MOFG) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that MidWestOne Financial Group, Inc. will post 3.2 earnings per share for the current year.

MidWestOne Financial Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.97 annualized dividend and a yield of 3.34%. MidWestOne Financial Group’s dividend payout ratio is currently -23.89%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of MidWestOne Financial Group

Several hedge funds have recently made changes to their positions in the company. Summit Investment Advisors Inc. raised its stake in shares of MidWestOne Financial Group by 38.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,945 shares of the financial services provider’s stock worth $57,000 after buying an additional 541 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in MidWestOne Financial Group during the fourth quarter worth $211,000. Polymer Capital Management US LLC purchased a new position in MidWestOne Financial Group in the fourth quarter worth $222,000. SG Americas Securities LLC lifted its holdings in MidWestOne Financial Group by 35.3% in the fourth quarter. SG Americas Securities LLC now owns 7,723 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 2,014 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of MidWestOne Financial Group during the 4th quarter worth $237,000. Institutional investors and hedge funds own 65.42% of the company’s stock.

MidWestOne Financial Group Company 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.