MidWestOne Financial Group Director Robert J. Latham Unloads 6,000 Shares (MOFG)
MidWestOne Financial Group (NASDAQ:MOFG) Director Robert J. Latham unloaded 6,000 shares of MidWestOne Financial Group stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $24.29, for a total value of $145,740.00. Following the transaction, the director now directly owns 98,591 shares of the company’s stock, valued at approximately $2,394,775. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
MOFG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of MidWestOne Financial Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 1st. They now have a $29.60 price target on the stock. Analysts at FIG Partners upgraded shares of MidWestOne Financial Group from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $27.50 price target on the stock.
MidWestOne Financial Group (NASDAQ:MOFG) traded up 1.50% on Friday, hitting $24.35. The stock had a trading volume of 22,992 shares. MidWestOne Financial Group has a 1-year low of $22.50 and a 1-year high of $29.30. The stock has a 50-day moving average of $23.92 and a 200-day moving average of $25.40. The company has a market cap of $206.4 million and a P/E ratio of 10.90.
MidWestOne Financial Group (NASDAQ:MOFG) last announced its earnings results on Tuesday, April 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. Analysts expect that MidWestOne Financial Group will post $2.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Sunday, June 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 2.38%. The ex-dividend date of this dividend is Wednesday, May 28th.
MidWestOne Financial Group, Inc (NASDAQ:MOFG) is a bank holding company.
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