MidWestOne Financial Group, Inc. (NASDAQ:MOFG) has been assigned a consensus broker rating score of 2.00 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. MidWestOne Financial Group’s rating score has improved by 11.1% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a 1 year consensus price target of $38.00 for the company and are forecasting that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also assigned MidWestOne Financial Group an industry rank of 87 out of 265 based on the ratings given to related companies.

Several brokerages have recently issued reports on MOFG. BidaskClub downgraded shares of MidWestOne Financial Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $37.00 price objective on shares of MidWestOne Financial Group and gave the stock a “hold” rating in a research report on Thursday, July 27th.

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Shares of MidWestOne Financial Group (MOFG) traded down $0.14 during mid-day trading on Friday, hitting $35.82. 17,176 shares of the stock traded hands, compared to its average volume of 28,984. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.86 and a quick ratio of 0.86. MidWestOne Financial Group has a 52 week low of $27.95 and a 52 week high of $39.20. The company has a market capitalization of $437.68, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 2.56 and a beta of 1.23.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, November 30th. MidWestOne Financial Group’s dividend payout ratio is 33.50%.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in MidWestOne Financial Group by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 24,579 shares of the financial services provider’s stock valued at $843,000 after purchasing an additional 122 shares in the last quarter. American International Group Inc. grew its position in MidWestOne Financial Group by 7.0% in the first quarter. American International Group Inc. now owns 5,077 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 332 shares in the last quarter. Archford Capital Strategies LLC grew its position in MidWestOne Financial Group by 133.9% in the second quarter. Archford Capital Strategies LLC now owns 2,000 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,145 shares in the last quarter. Rhumbline Advisers grew its position in MidWestOne Financial Group by 21.2% in the second quarter. Rhumbline Advisers now owns 12,522 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 2,189 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in MidWestOne Financial Group by 27.8% in the second quarter. New York State Common Retirement Fund now owns 13,800 shares of the financial services provider’s stock valued at $468,000 after purchasing an additional 2,999 shares in the last quarter. 46.61% of the stock is owned by institutional investors and hedge funds.

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.

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