154,284 Shares in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Purchased by Curi RMB Capital LLC

Curi RMB Capital LLC acquired a new position in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 154,284 shares of the financial services provider's stock, valued at approximately $4,402,000. Curi RMB Capital LLC owned approximately 0.98% of MidWestOne Financial Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOFG. MidWestOne Financial Group Inc. lifted its holdings in shares of MidWestOne Financial Group by 1.0% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 4,197,286 shares of the financial services provider's stock worth $94,397,000 after acquiring an additional 43,172 shares during the last quarter. Choreo LLC acquired a new position in MidWestOne Financial Group during the 2nd quarter worth about $584,000. Dimensional Fund Advisors LP grew its position in MidWestOne Financial Group by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 707,071 shares of the financial services provider's stock valued at $15,901,000 after acquiring an additional 25,767 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in MidWestOne Financial Group during the third quarter worth about $713,000. Finally, Bank of Montreal Can purchased a new position in shares of MidWestOne Financial Group in the second quarter valued at approximately $388,000. Institutional investors and hedge funds own 65.42% of the company's stock.

Insider Buying and Selling at MidWestOne Financial Group

In other MidWestOne Financial Group news, CEO Charles N. Reeves purchased 7,000 shares of the stock in a transaction on Monday, September 30th. The stock was bought at an average price of $25.00 per share, for a total transaction of $175,000.00. Following the acquisition, the chief executive officer now directly owns 45,712 shares of the company's stock, valued at $1,142,800. This represents a 18.08 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Matthew J. Hayek purchased 2,000 shares of the stock in a transaction on Monday, September 30th. The shares were purchased at an average cost of $25.00 per share, with a total value of $50,000.00. Following the transaction, the director now owns 11,293 shares of the company's stock, valued at $282,325. This trade represents a 21.52 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 9,400 shares of company stock valued at $235,000. Insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on MOFG shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $28.00 target price (up from $25.00) on shares of MidWestOne Financial Group in a research note on Monday, July 29th. Piper Sandler reduced their price objective on shares of MidWestOne Financial Group from $33.00 to $31.50 and set a "neutral" rating on the stock in a report on Monday, October 28th. Finally, StockNews.com cut shares of MidWestOne Financial Group from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $27.00.

MidWestOne Financial Group Stock Performance

NASDAQ MOFG traded down $0.13 on Friday, reaching $32.38. The stock had a trading volume of 63,927 shares, compared to its average volume of 48,677. The stock has a market cap of $510.63 million, a P/E ratio of -6.93 and a beta of 1.01. MidWestOne Financial Group, Inc. has a 12-month low of $19.43 and a 12-month high of $34.00. The business's 50-day moving average price is $29.05 and its 200 day moving average price is $25.76. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.243 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.97 dividend on an annualized basis and a yield of 3.00%. MidWestOne Financial Group's payout ratio is -20.77%.

MidWestOne Financial Group Profile

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.