MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Get Free Report) CEO Charles N. Reeves bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average cost of $21.36 per share, for a total transaction of $21,360.00. Following the transaction, the chief executive officer now directly owns 32,000 shares of the company’s stock, valued at approximately $683,520. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
MidWestOne Financial Group Price Performance
MidWestOne Financial Group stock opened at $21.35 on Monday. The business has a 50 day simple moving average of $21.89 and a 200 day simple moving average of $23.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $336.26 million, a PE ratio of 14.83 and a beta of 0.97. MidWestOne Financial Group, Inc. has a one year low of $17.80 and a one year high of $27.78.
MidWestOne Financial Group Dividend Announcement
The business also recently disclosed 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 of this dividend is Monday, June 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.55%. MidWestOne Financial Group’s payout ratio is presently 67.36%.
Institutional Investors Weigh In On MidWestOne Financial Group
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Piper Sandler dropped their price objective on shares of MidWestOne Financial Group from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Hovde Group lowered their price target on MidWestOne Financial Group from $23.50 to $21.50 and set a “market perform” rating on the stock in a research note on Friday, April 26th. StockNews.com upgraded MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Finally, Keefe, Bruyette & Woods decreased their price objective on MidWestOne Financial Group from $28.00 to $27.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.13.
Check Out Our Latest Research Report on MOFG
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, 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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