9,216 Shares in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Acquired by Apella Capital LLC

Apella Capital LLC purchased a new position in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,216 shares of the financial services provider's stock, valued at approximately $268,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MOFG. Assenagon Asset Management S.A. acquired a new position in MidWestOne Financial Group in the 4th quarter worth $1,776,000. JPMorgan Chase & Co. lifted its stake in shares of MidWestOne Financial Group by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 43,430 shares of the financial services provider's stock worth $1,239,000 after acquiring an additional 15,351 shares in the last quarter. Franklin Resources Inc. purchased a new position in MidWestOne Financial Group in the third quarter valued at about $1,116,000. Virtu Financial LLC purchased a new position in MidWestOne Financial Group in the third quarter valued at about $261,000. Finally, Barclays PLC grew its stake in MidWestOne Financial Group by 43.1% during the 3rd quarter. Barclays PLC now owns 42,111 shares of the financial services provider's stock valued at $1,202,000 after purchasing an additional 12,677 shares in the last quarter. Hedge funds and other institutional investors own 65.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Piper Sandler reduced their target price on MidWestOne Financial Group from $33.00 to $31.50 and set a "neutral" rating for the company in a research note on Monday, October 28th. Keefe, Bruyette & Woods upgraded shares of MidWestOne Financial Group from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $34.00 to $39.00 in a research note on Tuesday, December 17th. Finally, StockNews.com downgraded shares of MidWestOne Financial Group from a "hold" rating to a "sell" rating in a research report on Monday, October 28th.

MidWestOne Financial Group Stock Performance

Shares of NASDAQ MOFG traded up $0.28 during trading on Thursday, reaching $29.65. The stock had a trading volume of 197,018 shares, compared to its average volume of 106,872. The firm's 50 day moving average price is $31.18 and its two-hundred day moving average price is $28.83. MidWestOne Financial Group, Inc. has a one year low of $19.43 and a one year high of $34.56. The stock has a market cap of $615.83 million, a PE ratio of -6.35 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 0.78.

MidWestOne Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.243 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.28%. MidWestOne Financial Group's payout ratio is currently -20.77%.

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, governmental units, and institutional customers. It offers range of deposit products, including noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts.