MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Get Free Report) Director Charles N. Funk sold 3,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $21.40, for a total value of $64,200.00. Following the completion of the transaction, the director now directly owns 14,329 shares of the company’s stock, valued at approximately $306,640.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
MidWestOne Financial Group Trading Down 0.8 %
Shares of MidWestOne Financial Group stock opened at $21.08 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $332.01 million, a PE ratio of 14.64 and a beta of 0.97. MidWestOne Financial Group, Inc. has a 1-year low of $18.00 and a 1-year high of $27.78. The company’s fifty day simple moving average is $21.81 and its 200-day simple moving average is $23.02.
MidWestOne Financial Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.243 per share. This represents a $0.97 annualized dividend and a yield of 4.61%. The ex-dividend date is Monday, June 3rd. MidWestOne Financial Group’s dividend payout ratio is presently 67.36%.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on MOFG shares. Piper Sandler decreased their price objective on shares of MidWestOne Financial Group from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Keefe, Bruyette & Woods decreased their target price on shares of MidWestOne Financial Group from $28.00 to $27.00 and set a “market perform” rating for the company in a research note on Friday, April 5th. StockNews.com upgraded MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Hovde Group reduced their price objective on MidWestOne Financial Group from $23.50 to $21.50 and set a “market perform” rating for the company in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating, According to MarketBeat, MidWestOne Financial Group presently has an average rating of “Hold” and a consensus price target of $24.13.
About MidWestOne Financial Group
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.
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