MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Get Free Report) Director Charles N. Funk sold 3,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $21.40, for a total value of $64,200.00. Following the sale, the director now owns 14,329 shares in the company, valued at $306,640.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
MidWestOne Financial Group Stock Down 0.8 %
NASDAQ:MOFG traded down $0.18 during mid-day trading on Tuesday, reaching $21.08. The stock had a trading volume of 31,756 shares, compared to its average volume of 31,855. The stock’s 50 day simple moving average is $21.85 and its two-hundred day simple moving average is $23.02. MidWestOne Financial Group, Inc. has a 1-year low of $18.00 and a 1-year high of $27.78. The company has a market capitalization of $332.01 million, a price-to-earnings ratio of 14.76 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.73 and a quick ratio of 0.73.
MidWestOne Financial Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.243 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.61%. MidWestOne Financial Group’s dividend payout ratio (DPR) is 67.36%.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several research firms recently commented on MOFG. Hovde Group dropped their target price on MidWestOne Financial Group from $23.50 to $21.50 and set a “market perform” rating for the company in a research note on Friday, April 26th. Keefe, Bruyette & Woods dropped their price objective on shares of MidWestOne Financial Group from $28.00 to $27.00 and set a “market perform” rating for the company in a research report on Friday, April 5th. StockNews.com upgraded MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Finally, Piper Sandler decreased their price target on MidWestOne Financial Group from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.13.
Check Out Our Latest Stock Analysis on MidWestOne Financial Group
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.
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