MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Nathaniel J. Kaeding Buys 517 Shares of Stock

MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Get Rating) Director Nathaniel J. Kaeding purchased 517 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were acquired at an average cost of $19.35 per share, for a total transaction of $10,003.95. Following the completion of the transaction, the director now directly owns 5,780 shares in the company, valued at $111,843. The purchase was disclosed in a filing with the SEC, which is available through this link.

MidWestOne Financial Group Stock Performance

MOFG traded up $0.04 on Friday, reaching $19.41. The company had a trading volume of 667 shares, compared to its average volume of 36,058. MidWestOne Financial Group, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $35.58. The stock has a market cap of $304.35 million, a P/E ratio of 6.29 and a beta of 0.96. The company’s fifty day moving average is $21.50 and its 200 day moving average is $28.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.69 and a current ratio of 0.69.

MidWestOne Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a $0.243 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.97 dividend on an annualized basis and a yield of 5.01%. MidWestOne Financial Group’s dividend payout ratio (DPR) is currently 31.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MOFG. Ameriprise Financial Inc. grew its position in shares of MidWestOne Financial Group by 67.6% during the 1st quarter. Ameriprise Financial Inc. now owns 17,849 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 7,200 shares in the last quarter. State Street Corp grew its position in shares of MidWestOne Financial Group by 1.3% during the 1st quarter. State Street Corp now owns 329,937 shares of the financial services provider’s stock worth $8,057,000 after purchasing an additional 4,304 shares in the last quarter. First Trust Advisors LP grew its position in shares of MidWestOne Financial Group by 326.9% during the 1st quarter. First Trust Advisors LP now owns 54,432 shares of the financial services provider’s stock worth $1,329,000 after purchasing an additional 41,681 shares in the last quarter. Geode Capital Management LLC grew its position in shares of MidWestOne Financial Group by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 266,836 shares of the financial services provider’s stock worth $6,516,000 after purchasing an additional 4,483 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in shares of MidWestOne Financial Group by 13.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 108,030 shares of the financial services provider’s stock worth $2,638,000 after purchasing an additional 12,730 shares in the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TheStreet lowered shares of MidWestOne Financial Group from a “b” rating to a “c+” rating in a research note on Friday, April 28th. StockNews.com assumed coverage on shares of MidWestOne Financial Group in a research note on Thursday, May 18th. They set a “hold” rating on the stock.

MidWestOne Financial Group Company Profile

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MidWestOne Financial Group, Inc is a financial holding company, focuses on delivering relationship-based business and personal banking products and services through its bank subsidiary, MidWestOne Bank. The Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans.