6 days Ago By ABMN Staff
MidWestOne Financial Group ( NASDAQ:MOFG – Free Report ) had its price objective trimmed by Keefe, Bruyette & Woods from $39.00 to $38.00 in a report published on Monday, Benzinga reports.
The brokerage currently has an outperform rating on the financial services provider’s stock. Several other brokerages also recently commented on MOFG. StockNews.
com raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, January 27th. Hovde Group upped their target price on MidWestOne Financial Group from $30.00 to $33.
50 and gave the company a “market perform” rating in a report on Monday, January 27th. Check Out Our Latest Report on MidWestOne Financial Group MidWestOne Financial Group Stock Performance MidWestOne Financial Group ( NASDAQ:MOFG – Get Free Report ) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.
73 EPS for the quarter, hitting the consensus estimate of $0.73. The firm had revenue of $57.
58 million during the quarter, compared to the consensus estimate of $58.87 million. MidWestOne Financial Group had a return on equity of 6.
54% and a net margin of 9.79%. Equities analysts anticipate that MidWestOne Financial Group will post 3.
2 earnings per share for the current fiscal year. MidWestOne Financial Group Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.
2425 per share. This represents a $0.97 annualized dividend and a yield of 3.
46%. The ex-dividend date is Monday, June 2nd. MidWestOne Financial Group’s dividend payout ratio (DPR) is -27.
40%. Insider Buying and Selling at MidWestOne Financial Group In related news, CEO Charles N. Reeves purchased 1,785 shares of the business’s stock in a transaction dated Monday, March 10th.
The stock was purchased at an average cost of $27.98 per share, with a total value of $49,944.30.
Following the completion of the acquisition, the chief executive officer now directly owns 53,621 shares of the company’s stock, valued at approximately $1,500,315.58. The trade was a 3.
44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link . 2.
50% of the stock is owned by corporate insiders. Hedge Funds Weigh In On MidWestOne Financial Group Large investors have recently made changes to their positions in the stock. Franklin Resources Inc.
purchased a new stake in shares of MidWestOne Financial Group in the third quarter worth $1,116,000. Geode Capital Management LLC raised its position in shares of MidWestOne Financial Group by 3.0% in the third quarter.
Geode Capital Management LLC now owns 335,677 shares of the financial services provider’s stock worth $9,579,000 after buying an additional 9,787 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of MidWestOne Financial Group in the fourth quarter worth $518,000. Bank of New York Mellon Corp raised its position in shares of MidWestOne Financial Group by 12.
0% in the fourth quarter. Bank of New York Mellon Corp now owns 88,470 shares of the financial services provider’s stock worth $2,576,000 after buying an additional 9,510 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of MidWestOne Financial Group by 30.
3% in the third quarter. Jane Street Group LLC now owns 28,169 shares of the financial services provider’s stock worth $804,000 after buying an additional 6,545 shares in the last quarter. 65.
42% of the stock is owned by institutional investors. MidWestOne Financial Group Company Profile ( Get Free Report ) 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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