Jennison Associates LLC Lowers Stock Holdings in MidWestOne Financial Group, Inc. $MOFG

Jennison Associates LLC lowered its holdings in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 63.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 517,960 shares of the financial services provider’s stock after selling 912,051 shares during the period. Jennison Associates LLC’s holdings in MidWestOne Financial Group were worth $19,941,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. grew its position in shares of MidWestOne Financial Group by 129.2% in the third quarter. Federated Hermes Inc. now owns 1,242 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 700 shares during the period. Russell Investments Group Ltd. grew its position in shares of MidWestOne Financial Group by 12,135.7% in the third quarter. Russell Investments Group Ltd. now owns 1,713 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,699 shares during the period. Signaturefd LLC grew its position in shares of MidWestOne Financial Group by 402.1% in the fourth quarter. Signaturefd LLC now owns 2,124 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 1,701 shares during the period. BNP Paribas Financial Markets grew its position in shares of MidWestOne Financial Group by 65.0% in the third quarter. BNP Paribas Financial Markets now owns 3,298 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 1,299 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of MidWestOne Financial Group in the second quarter valued at $98,000. Hedge funds and other institutional investors own 65.42% of the company’s stock.

MidWestOne Financial Group Price Performance

Shares of NASDAQ:MOFG opened at $49.31 on Friday. The company has a market cap of $1.02 billion, a P/E ratio of 17.55 and a beta of 1.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. MidWestOne Financial Group, Inc. has a 52 week low of $25.75 and a 52 week high of $49.69. The business has a fifty day simple moving average of $49.31 and a 200-day simple moving average of $43.53.

MidWestOne Financial Group Profile

MidWestOne Financial Group, Inc (NASDAQ: MOFG) is a registered bank holding company headquartered in West Des Moines, Iowa. Through its principal subsidiary, MidWestOne Bank, the company provides a comprehensive range of commercial and consumer banking products and services. Its commercial banking division offers business lending solutions, including commercial real estate loans, business lines of credit, equipment financing and treasury management services. For individual customers, MidWestOne delivers checking and savings accounts, home mortgage and home equity loans, and personal lending solutions.

Beyond traditional banking, MidWestOne offers trust, wealth management and insurance services through specialized teams of financial advisors.