Insider Selling: Robert J. Latham Unloads 4,000 Shares of MidWestOne Financial Group Stock (MOFG)
MidWestOne Financial Group (NASDAQ:MOFG) Director Robert J. Latham sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $24.14, for a total transaction of $96,560.00. Following the transaction, the director now directly owns 94,591 shares in the company, valued at approximately $2,283,427. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on MOFG. 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 down 0.90% during mid-day trading on Tuesday, hitting $24.18. 13,759 shares of the company’s stock traded hands. MidWestOne Financial Group has a 1-year low of $22.50 and a 1-year high of $29.30. The stock’s 50-day moving average is $23.92 and its 200-day moving average is $25.36. The company has a market cap of $204.9 million and a P/E ratio of 11.09.
MidWestOne Financial Group (NASDAQ:MOFG) last released its earnings data on Tuesday, April 29th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.09. On average, analysts predict that MidWestOne Financial Group will post $2.19 earnings per share for the current fiscal year.
MidWestOne Financial Group, Inc (NASDAQ:MOFG) is a bank holding company.
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