MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Douglas K. True purchased 300 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was acquired at an average price of $35.33 per share, with a total value of $10,599.00. Following the purchase, the director now owns 1,000 shares in the company, valued at $35,330. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
MidWestOne Financial Group, Inc. (MOFG) traded down $0.42 during trading hours on Monday, reaching $34.47. The company’s stock had a trading volume of 16,690 shares, compared to its average volume of 35,058. MidWestOne Financial Group, Inc. has a 52 week low of $30.56 and a 52 week high of $39.20. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The stock has a market cap of $426.32, a price-to-earnings ratio of 17.02, a P/E/G ratio of 2.49 and a beta of 1.24.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, November 30th. MidWestOne Financial Group’s dividend payout ratio is currently 33.50%.
Several brokerages recently weighed in on MOFG. Zacks Investment Research lowered MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. BidaskClub upgraded MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd.
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MidWestOne Financial Group Company Profile
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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