Insider Buying: MidWestOne Financial Group Director Buys 2,300 Shares of Stock (MOFG)
MidWestOne Financial Group (NASDAQ:MOFG) Director Kevin W. Monson acquired 2,300 shares of the stock on the open market in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $24.00 per share, with a total value of $55,200.00. Following the completion of the acquisition, the director now directly owns 69,650 shares in the company, valued at approximately $1,671,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
MidWestOne Financial Group (NASDAQ:MOFG) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.01.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Stockholders of record on Saturday, March 1st will be given a dividend of 0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from MidWestOne Financial Group’s previous quarterly dividend of $0.13.
MidWestOne Financial Group, Inc (NASDAQ:MOFG) is a bank holding company.
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