MidWestOne Financial Group, Inc. (MOFG) Position Lifted by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 26.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,264 shares of the financial services provider’s stock after acquiring an additional 9,130 shares during the quarter. California Public Employees Retirement System’s holdings in MidWestOne Financial Group were worth $1,461,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Royce & Associates LP grew its holdings in shares of MidWestOne Financial Group by 1.4% during the 2nd quarter. Royce & Associates LP now owns 733,424 shares of the financial services provider’s stock worth $24,775,000 after purchasing an additional 10,102 shares in the last quarter. BlackRock Inc. grew its holdings in shares of MidWestOne Financial Group by 6.4% during the 2nd quarter. BlackRock Inc. now owns 565,800 shares of the financial services provider’s stock worth $19,113,000 after purchasing an additional 34,126 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of MidWestOne Financial Group by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 334,154 shares of the financial services provider’s stock worth $11,288,000 after purchasing an additional 25,575 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of MidWestOne Financial Group by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 208,000 shares of the financial services provider’s stock worth $7,026,000 after purchasing an additional 8,300 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of MidWestOne Financial Group by 17.4% during the 2nd quarter. LSV Asset Management now owns 142,898 shares of the financial services provider’s stock worth $4,827,000 after purchasing an additional 21,149 shares in the last quarter. 45.69% of the stock is currently owned by institutional investors and hedge funds.

MOFG opened at $29.67 on Monday. The firm has a market cap of $362.60 million, a PE ratio of 16.39, a P/E/G ratio of 1.38 and a beta of 1.00. MidWestOne Financial Group, Inc. has a 52-week low of $28.22 and a 52-week high of $37.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Saturday, December 1st will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, November 29th. MidWestOne Financial Group’s dividend payout ratio (DPR) is currently 43.09%.

In related news, insider Charles N. Funk bought 1,000 shares of MidWestOne Financial Group stock in a transaction dated Thursday, August 30th. The shares were bought at an average cost of $33.50 per share, with a total value of $33,500.00. Following the acquisition, the insider now owns 104,829 shares in the company, valued at approximately $3,511,771.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have bought 2,700 shares of company stock worth $85,815. 7.20% of the stock is currently owned by insiders.

Several analysts have recently issued reports on the company. ValuEngine lowered MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. BidaskClub raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Finally, Zacks Investment Research lowered MidWestOne Financial Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 25th.

About MidWestOne Financial Group

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, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It offers deposit products, such as checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits.

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Institutional Ownership by Quarter for MidWestOne Financial Group (NASDAQ:MOFG)

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