Kennedy Capital Management LLC Acquires 17,086 Shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG)

Kennedy Capital Management LLC raised its position in MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Free Report) by 26.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 81,827 shares of the financial services provider's stock after acquiring an additional 17,086 shares during the period. Kennedy Capital Management LLC owned approximately 0.39% of MidWestOne Financial Group worth $2,383,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Polymer Capital Management US LLC bought a new position in shares of MidWestOne Financial Group in the 4th quarter worth $222,000. SG Americas Securities LLC raised its holdings in MidWestOne Financial Group by 35.3% during the fourth quarter. SG Americas Securities LLC now owns 7,723 shares of the financial services provider's stock worth $225,000 after buying an additional 2,014 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of MidWestOne Financial Group in the fourth quarter valued at $237,000. Virtu Financial LLC acquired a new position in shares of MidWestOne Financial Group during the third quarter valued at about $261,000. Finally, Apella Capital LLC bought a new stake in shares of MidWestOne Financial Group during the fourth quarter worth about $268,000. Institutional investors own 65.42% of the company's stock.

MidWestOne Financial Group Stock Up 1.5 %

Shares of MOFG traded up $0.41 during trading hours on Friday, reaching $27.10. 150,302 shares of the stock traded hands, compared to its average volume of 80,763. MidWestOne Financial Group, Inc. has a 52 week low of $19.43 and a 52 week high of $34.56. The company has a market cap of $564.11 million, a price-to-earnings ratio of -6.67 and a beta of 0.88. The stock has a fifty day simple moving average of $29.05 and a 200 day simple moving average of $30.03. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.20.

MidWestOne Financial Group (NASDAQ:MOFG - Get Free Report) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. MidWestOne Financial Group had a net margin of 9.79% and a return on equity of 6.54%. On average, equities analysts forecast that MidWestOne Financial Group, Inc. will post 3.2 EPS for the current year.

MidWestOne Financial Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Monday, March 3rd. MidWestOne Financial Group's dividend payout ratio is presently -23.89%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Hovde Group raised their price target on shares of MidWestOne Financial Group from $30.00 to $33.50 and gave the company a "market perform" rating in a research report on Monday, January 27th. StockNews.com upgraded MidWestOne Financial Group from a "sell" rating to a "hold" rating in a report on Monday, January 27th.

Insider Transactions at MidWestOne Financial Group

In other news, CEO Charles N. Reeves acquired 1,785 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $27.98 per share, for a total transaction of $49,944.30. Following the completion of the purchase, the chief executive officer now owns 53,621 shares in the company, valued at approximately $1,500,315.58. This trade represents a 3.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company's stock.

MidWestOne Financial Group Company 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.