Vanguard Group Inc. Buys 158,899 Shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG)

Vanguard Group Inc. grew its position in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 896,274 shares of the financial services provider's stock after acquiring an additional 158,899 shares during the quarter. Vanguard Group Inc. owned about 4.32% of MidWestOne Financial Group worth $26,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Sei Investments Co. raised its holdings in MidWestOne Financial Group by 11.5% during the fourth quarter. Sei Investments Co. now owns 19,672 shares of the financial services provider's stock worth $573,000 after buying an additional 2,023 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of MidWestOne Financial Group by 2.1% during the fourth quarter. American Century Companies Inc. now owns 166,494 shares of the financial services provider's stock valued at $4,848,000 after buying an additional 3,401 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of MidWestOne Financial Group during the fourth quarter worth about $237,000. Raymond James Financial Inc. acquired a new stake in shares of MidWestOne Financial Group in the 4th quarter worth about $1,002,000. Finally, Proficio Capital Partners LLC bought a new position in MidWestOne Financial Group in the 4th quarter valued at about $518,000. 65.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MidWestOne Financial Group news, CEO Charles N. Reeves purchased 1,785 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $27.98 per share, with a total value of $49,944.30. Following the completion of the transaction, the chief executive officer now directly owns 53,621 shares in the company, valued at approximately $1,500,315.58. This trade represents a 3.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on MOFG. Hovde Group boosted their price objective on MidWestOne Financial Group from $30.00 to $33.50 and gave the stock a "market perform" rating in a 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.

MidWestOne Financial Group Stock Up 1.5 %

MOFG stock traded up $0.41 during trading on Friday, reaching $27.10. The stock had a trading volume of 150,302 shares, compared to its average volume of 80,943. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $564.11 million, a price-to-earnings ratio of -6.67 and a beta of 0.88. MidWestOne Financial Group, Inc. has a one year low of $19.69 and a one year high of $34.56. The company's 50 day moving average is $29.05 and its two-hundred day moving average is $30.05.

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, beating the consensus estimate of $0.72 by $0.05. MidWestOne Financial Group had a return on equity of 6.54% and a net margin of 9.79%. Equities research analysts forecast that MidWestOne Financial Group, Inc. will post 3.2 EPS for the current year.

MidWestOne Financial Group Cuts Dividend

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

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.