Nicolet Advisory Services LLC Makes New Investment in MidWestOne Financial Group, Inc. $MOFG

Nicolet Advisory Services LLC purchased a new position in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,496 shares of the financial services provider’s stock, valued at approximately $618,000. Nicolet Advisory Services LLC owned about 0.08% of MidWestOne Financial Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC increased its stake in shares of MidWestOne Financial Group by 13.3% in the fourth quarter. Barclays PLC now owns 55,102 shares of the financial services provider’s stock worth $2,121,000 after acquiring an additional 6,455 shares during the period. Aigen Investment Management LP acquired a new stake in shares of MidWestOne Financial Group in the fourth quarter worth $216,000. Stifel Financial Corp increased its stake in shares of MidWestOne Financial Group by 17.9% in the fourth quarter. Stifel Financial Corp now owns 72,812 shares of the financial services provider’s stock worth $2,804,000 after acquiring an additional 11,077 shares during the period. Glazer Capital LLC acquired a new stake in shares of MidWestOne Financial Group in the fourth quarter worth $9,621,000. Finally, First Trust Capital Management L.P. acquired a new stake in shares of MidWestOne Financial Group in the fourth quarter worth $997,000. Institutional investors and hedge funds own 65.42% of the company’s stock.

MidWestOne Financial Group Price Performance

NASDAQ:MOFG opened at $49.31 on Monday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 17.55 and a beta of 1.07. MidWestOne Financial Group, Inc. has a 1-year low of $25.75 and a 1-year high of $49.69. The company’s fifty day moving average price is $49.31 and its 200-day moving average price is $46.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85.

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.