MidWestOne Financial Group, Inc. (NASDAQ:MOFG) – Investment analysts at FIG Partners decreased their Q1 2018 earnings per share estimates for MidWestOne Financial Group in a research report issued on Monday. FIG Partners analyst B. Martin now expects that the financial services provider will post earnings per share of $0.56 for the quarter, down from their prior estimate of $0.61. FIG Partners also issued estimates for MidWestOne Financial Group’s Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.66 EPS and FY2018 earnings at $2.50 EPS.

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A number of other research firms have also recently issued reports on MOFG. Zacks Investment Research cut MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub upgraded MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $37.00 price objective on MidWestOne Financial Group and gave the company a “hold” rating in a research report on Thursday, July 27th.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, November 30th. MidWestOne Financial Group’s dividend payout ratio (DPR) is 33.50%.

In other MidWestOne Financial Group news, Director Kurt R. Weise sold 889 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $32.91, for a total value of $29,256.99. Following the sale, the director now directly owns 2,275 shares in the company, valued at $74,870.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kurt R. Weise sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $35.21, for a total value of $35,210.00. Following the completion of the sale, the director now owns 2,275 shares in the company, valued at $80,102.75. The disclosure for this sale can be found here. Corporate insiders own 25.30% of the company’s stock.

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in MidWestOne Financial Group by 50.0% in the first quarter. Vanguard Group Inc. now owns 367,513 shares of the financial services provider’s stock valued at $12,602,000 after acquiring an additional 122,424 shares during the period. Kennedy Capital Management Inc. grew its holdings in shares of MidWestOne Financial Group by 2.2% during the second quarter. Kennedy Capital Management Inc. now owns 201,201 shares of the financial services provider’s stock worth $6,819,000 after purchasing an additional 4,243 shares during the last quarter. Menta Capital LLC bought a new stake in shares of MidWestOne Financial Group during the second quarter worth $450,000. Royce & Associates LP grew its holdings in shares of MidWestOne Financial Group by 22.5% during the second quarter. Royce & Associates LP now owns 669,750 shares of the financial services provider’s stock worth $22,698,000 after purchasing an additional 123,036 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC bought a new stake in shares of MidWestOne Financial Group during the second quarter worth $203,000. Hedge funds and other institutional investors own 46.61% of the company’s stock.

About MidWestOne Financial Group

MidWestOne Financial Group, Inc is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.

Earnings History and Estimates for MidWestOne Financial Group (NASDAQ:MOFG)

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