MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Holdings Trimmed by LSV Asset Management

LSV Asset Management trimmed its stake in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,780 shares of the financial services provider's stock after selling 10,502 shares during the quarter. LSV Asset Management owned about 0.64% of MidWestOne Financial Group worth $3,896,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MOFG. Polymer Capital Management US LLC bought a new stake in shares of MidWestOne Financial Group during the fourth quarter valued at approximately $222,000. SG Americas Securities LLC raised its stake in MidWestOne Financial Group by 35.3% during the 4th quarter. SG Americas Securities LLC now owns 7,723 shares of the financial services provider's stock valued at $225,000 after acquiring an additional 2,014 shares in the last quarter. Quantbot Technologies LP bought a new stake in MidWestOne Financial Group during the 4th quarter valued at $237,000. Virtu Financial LLC acquired a new position in MidWestOne Financial Group during the 3rd quarter worth $261,000. Finally, Apella Capital LLC bought a new position in shares of MidWestOne Financial Group in the fourth quarter worth $268,000. Institutional investors and hedge funds own 65.42% of the company's stock.

MidWestOne Financial Group Price Performance

Shares of MOFG stock traded up $0.41 during mid-day trading on Friday, hitting $27.10. 150,302 shares of the stock traded hands, compared to its average volume of 80,763. MidWestOne Financial Group, Inc. has a twelve month low of $19.43 and a twelve month high of $34.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 0.78. The company's 50-day simple moving average is $29.05 and its 200-day simple moving average is $30.03. The firm has a market cap of $564.11 million, a price-to-earnings ratio of -6.67 and a beta of 0.88.

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

MidWestOne Financial Group Cuts Dividend

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

Insider Activity at MidWestOne Financial Group

In related news, CEO Charles N. Reeves bought 1,785 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $27.98 per share, for a total transaction of $49,944.30. Following the acquisition, the chief executive officer now directly owns 53,621 shares of the company's stock, valued at $1,500,315.58. The trade was a 3.44 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MOFG. Hovde Group lifted their price objective on shares of MidWestOne Financial Group from $30.00 to $33.50 and gave the company a "market perform" rating in a research note on Monday, January 27th. StockNews.com upgraded shares of MidWestOne Financial Group from a "sell" rating to a "hold" rating in a research report on Monday, January 27th.

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.