MidWestOne Financial Group, Inc. (NASDAQ:MOFG) insider Charles N. Funk bought 350 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were purchased at an average cost of $28.68 per share, with a total value of $10,038.00. Following the completion of the acquisition, the insider now owns 105,929 shares in the company, valued at $3,038,043.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ MOFG traded down $0.13 on Wednesday, hitting $28.81. The company had a trading volume of 21,800 shares, compared to its average volume of 26,512. The firm has a market cap of $345.86 million, a PE ratio of 15.97, a PEG ratio of 1.39 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 0.87. MidWestOne Financial Group, Inc. has a 12-month low of $28.22 and a 12-month high of $37.94.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Saturday, December 1st will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, November 29th. MidWestOne Financial Group’s payout ratio is presently 43.09%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP increased its holdings in MidWestOne Financial Group by 1.4% in the 2nd quarter. Royce & Associates LP now owns 733,424 shares of the financial services provider’s stock worth $24,775,000 after acquiring an additional 10,102 shares in the last quarter. BlackRock Inc. increased its holdings in MidWestOne Financial Group by 6.4% in the 2nd quarter. BlackRock Inc. now owns 565,800 shares of the financial services provider’s stock worth $19,113,000 after acquiring an additional 34,126 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in MidWestOne Financial Group by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 334,154 shares of the financial services provider’s stock worth $11,288,000 after acquiring an additional 25,575 shares in the last quarter. Renaissance Technologies LLC increased its holdings in MidWestOne Financial Group by 4.2% in the 2nd quarter. Renaissance Technologies LLC now owns 208,000 shares of the financial services provider’s stock worth $7,026,000 after acquiring an additional 8,300 shares in the last quarter. Finally, LSV Asset Management increased its holdings in MidWestOne Financial Group by 17.4% in the 2nd quarter. LSV Asset Management now owns 142,898 shares of the financial services provider’s stock worth $4,827,000 after acquiring an additional 21,149 shares in the last quarter. 45.69% of the stock is owned by institutional investors.
About MidWestOne Financial Group
MidWestOne Financial Group, Inc operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It offers deposit products, such as checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits.
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