Maltese Capital Management LLC Has $8.01 Million Holdings in MidWestOne Financial Group, Inc. (MOFG)

Maltese Capital Management LLC lifted its stake in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 10.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 237,300 shares of the financial services provider’s stock after buying an additional 21,500 shares during the quarter. Maltese Capital Management LLC owned approximately 1.94% of MidWestOne Financial Group worth $8,011,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Archford Capital Strategies LLC raised its holdings in shares of MidWestOne Financial Group by 133.9% during the second quarter. Archford Capital Strategies LLC now owns 2,000 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,145 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of 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 during the last quarter. Trexquant Investment LP increased its holdings in shares of MidWestOne Financial Group by 38.8% in the third quarter. Trexquant Investment LP now owns 8,868 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 2,481 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of 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 during the last quarter. Finally, OxFORD Asset Management LLP increased its holdings in shares of MidWestOne Financial Group by 16.5% in the third quarter. OxFORD Asset Management LLP now owns 21,328 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 3,026 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

In related news, Director Kurt R. Weise sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $35.21, for a total value of $35,210.00. Following the transaction, the director now owns 2,275 shares in the company, valued at approximately $80,102.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 25.30% of the company’s stock.

MOFG has been the subject of several recent analyst reports. Zacks Investment Research lowered MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. BidaskClub lowered MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Friday, December 22nd.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) traded down $0.46 on Friday, hitting $33.53. The stock had a trading volume of 28,424 shares, compared to its average volume of 47,715. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.88. MidWestOne Financial Group, Inc. has a twelve month low of $30.56 and a twelve month high of $38.56. The firm has a market capitalization of $415.33, a PE ratio of 16.52, a P/E/G ratio of 2.40 and a beta of 1.24.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.03%. The ex-dividend date was Thursday, November 30th. MidWestOne Financial Group’s dividend payout ratio (DPR) is presently 33.50%.

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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.

Institutional Ownership by Quarter for MidWestOne Financial Group (NASDAQ:MOFG)

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