MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Stephen L. West bought 3,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average price of $33.02 per share, for a total transaction of $99,060.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
MidWestOne Financial Group, Inc. (NASDAQ:MOFG) traded down $0.07 during trading hours on Tuesday, hitting $31.47. 21,662 shares of the company’s stock traded hands, compared to its average volume of 25,318. MidWestOne Financial Group, Inc. has a 12-month low of $30.56 and a 12-month high of $38.29. The firm has a market capitalization of $405.08, a P/E ratio of 16.17, a P/E/G ratio of 1.57 and a beta of 1.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.195 dividend. This is an increase from MidWestOne Financial Group’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, February 28th. MidWestOne Financial Group’s payout ratio is currently 33.50%.
MOFG has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. BidaskClub upgraded shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $39.00 price objective on shares of MidWestOne Financial Group in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. MidWestOne Financial Group presently has an average rating of “Hold” and a consensus target price of $38.50.
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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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