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

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Jennifer Leigh Hauschildt bought 517 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $29.00 per share, for a total transaction of $14,993.00. Following the purchase, the director now directly owns 9,511 shares in the company, valued at $275,819. This trade represents a 5.75 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

MidWestOne Financial Group Stock Down 0.8 %

Shares of MOFG opened at $29.00 on Friday. The company has a market capitalization of $602.48 million, a price-to-earnings ratio of -7.14 and a beta of 1.04. The stock’s 50-day moving average price is $30.44 and its 200-day moving average price is $30.16. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.20. MidWestOne Financial Group, Inc. has a 52 week low of $19.43 and a 52 week high of $34.56.

MidWestOne Financial Group (NASDAQ:MOFG) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.77 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%. On average, sell-side analysts predict that MidWestOne Financial Group, Inc. will post 3.2 EPS for the current year.

MidWestOne Financial Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Monday, March 3rd. MidWestOne Financial Group’s dividend payout ratio (DPR) is -23.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MOFG shares. Hovde Group lifted their target price on MidWestOne Financial Group from $30.00 to $33.50 and gave the stock a “market perform” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods upgraded MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $34.00 to $39.00 in a report on Tuesday, December 17th. Finally, StockNews.com upgraded MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Monday, January 27th.

Institutional Investors Weigh In On MidWestOne Financial Group

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

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.