MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 2.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 154,922 shares of the financial services provider’s stock after selling 3,700 shares during the period. LSV Asset Management’s holdings in MidWestOne Financial Group were worth $4,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of MidWestOne Financial Group in the third quarter valued at about $129,000. Investment Advisory Services Inc. TX ADV purchased a new stake in MidWestOne Financial Group in the fourth quarter valued at approximately $242,000. Bailard Inc. acquired a new position in MidWestOne Financial Group in the 4th quarter worth approximately $346,000. Strs Ohio raised its position in MidWestOne Financial Group by 10.0% during the 3rd quarter. Strs Ohio now owns 23,100 shares of the financial services provider’s stock worth $469,000 after buying an additional 2,100 shares during the last quarter. Finally, Sippican Capital Advisors acquired a new stake in MidWestOne Financial Group during the 4th quarter valued at approximately $590,000. Hedge funds and other institutional investors own 65.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MOFG shares. Keefe, Bruyette & Woods reduced their target price on shares of MidWestOne Financial Group from $28.00 to $27.00 and set a “market perform” rating for the company in a report on Friday, April 5th. StockNews.com upgraded MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Hovde Group lowered their target price 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. Finally, Piper Sandler reduced their price target on MidWestOne Financial Group from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.13.

MidWestOne Financial Group Trading Up 1.7 %

Shares of MidWestOne Financial Group stock opened at $21.44 on Thursday. The firm has a 50-day simple moving average of $21.79 and a two-hundred day simple moving average of $23.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.73 and a current ratio of 0.73. MidWestOne Financial Group, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $27.78. The company has a market cap of $337.68 million, a P/E ratio of 14.89 and a beta of 0.97.

MidWestOne Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given 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 yield of 4.53%. MidWestOne Financial Group’s dividend payout ratio is currently 67.36%.

Insider Buying and Selling at MidWestOne Financial Group

In other news, Director Charles N. Funk sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $21.40, for a total transaction of $64,200.00. Following the completion of the transaction, the director now directly owns 14,329 shares of the company’s stock, valued at approximately $306,640.60. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Charles N. Reeves acquired 4,447 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of $22.49 per share, for a total transaction of $100,013.03. Following the acquisition, the chief executive officer now owns 38,346 shares in the company, valued at approximately $862,401.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles N. Funk sold 3,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $21.40, for a total transaction of $64,200.00. Following the completion of the sale, the director now owns 14,329 shares of the company’s stock, valued at approximately $306,640.60. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 6,447 shares of company stock valued at $142,093. Company insiders own 3.20% of the company’s stock.

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.