Magnetar Financial LLC Purchases New Stake in MidWestOne Financial Group, Inc. $MOFG

Magnetar Financial LLC purchased a new stake in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) in the 4th quarter, HoldingsChannel reports. The fund purchased 563,016 shares of the financial services provider’s stock, valued at approximately $21,676,000.

Several other hedge funds have also bought and sold shares of the business. OMERS ADMINISTRATION Corp acquired a new stake in MidWestOne Financial Group in the 4th quarter valued at $6,841,000. Squarepoint Ops LLC grew its position in MidWestOne Financial Group by 99.0% in the 4th quarter. Squarepoint Ops LLC now owns 99,653 shares of the financial services provider’s stock valued at $3,837,000 after purchasing an additional 49,579 shares during the period. Nicolet Advisory Services LLC acquired a new stake in MidWestOne Financial Group in the 4th quarter valued at $618,000. Barclays PLC grew its position in MidWestOne Financial Group by 13.3% in the 4th quarter. Barclays PLC now owns 55,102 shares of the financial services provider’s stock valued at $2,121,000 after purchasing an additional 6,455 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in MidWestOne Financial Group in the 4th quarter valued at $216,000. Institutional investors and hedge funds own 65.42% of the company’s stock.

MidWestOne Financial Group Stock Performance

NASDAQ MOFG opened at $49.31 on Wednesday. The company has a fifty day simple moving average of $49.31 and a 200 day simple moving average of $46.50. MidWestOne Financial Group, Inc. has a 12-month low of $25.75 and a 12-month high of $49.69. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.02 billion, a P/E ratio of 17.55 and a beta of 1.07.

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.