First Trust Advisors LP grew its holdings in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 75.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 45,268 shares of the financial services provider’s stock after acquiring an additional 19,513 shares during the quarter. First Trust Advisors LP owned about 0.37% of MidWestOne Financial Group worth $1,528,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. American International Group Inc. raised its holdings in shares of MidWestOne Financial Group by 7.0% in the 1st quarter. American International Group Inc. now owns 5,077 shares of the financial services provider’s stock worth $174,000 after buying an additional 332 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of MidWestOne Financial Group by 50.0% in the first quarter. Vanguard Group Inc. now owns 367,513 shares of the financial services provider’s stock valued at $12,602,000 after buying an additional 122,424 shares during the period. Geode Capital Management LLC raised its position in MidWestOne Financial Group by 12.2% during the first quarter. Geode Capital Management LLC now owns 68,124 shares of the financial services provider’s stock valued at $2,335,000 after purchasing an additional 7,381 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of MidWestOne Financial Group by 7.4% during the first quarter. Dimensional Fund Advisors LP now owns 175,439 shares of the financial services provider’s stock worth $6,016,000 after buying an additional 12,150 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of MidWestOne Financial Group by 5.4% in the first quarter. Renaissance Technologies LLC now owns 129,700 shares of the financial services provider’s stock worth $4,447,000 after purchasing an additional 6,600 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.
In other news, Director Kurt R. Weise sold 1,000 shares of MidWestOne Financial Group stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $35.21, for a total transaction of $35,210.00. Following the completion of the transaction, the director now directly owns 2,275 shares of the company’s stock, valued at approximately $80,102.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 25.30% of the company’s stock.
MidWestOne Financial Group, Inc. (MOFG) opened at $34.89 on Friday. The company has a market cap of $426.32, a PE ratio of 17.02, a price-to-earnings-growth ratio of 2.49 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. MidWestOne Financial Group, Inc. has a 12-month low of $30.56 and a 12-month high of $39.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, November 30th. MidWestOne Financial Group’s dividend payout ratio is presently 33.50%.
A number of equities research analysts recently weighed in on MOFG shares. Zacks Investment Research lowered shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. BidaskClub upgraded shares of MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd.
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MidWestOne Financial Group Profile
MidWestOne Financial Group, Inc is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.
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