MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Ruth E. Stanoch bought 300 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average cost of $34.46 per share, with a total value of $10,338.00. Following the completion of the transaction, the director now owns 2,400 shares of the company’s stock, valued at $82,704. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) traded up $0.09 during trading hours on Friday, hitting $34.63. 13,864 shares of the stock traded hands, compared to its average volume of 23,615. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $423.14, a P/E ratio of 16.89, a PEG ratio of 2.47 and a beta of 1.23. MidWestOne Financial Group, Inc. has a one year low of $30.56 and a one year high of $39.20.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.96%. The ex-dividend date is Thursday, November 30th. MidWestOne Financial Group’s dividend payout ratio (DPR) is presently 33.50%.

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Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in MidWestOne Financial Group by 50.0% during the first quarter. Vanguard Group Inc. now owns 367,513 shares of the financial services provider’s stock worth $12,602,000 after purchasing an additional 122,424 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in MidWestOne Financial Group by 66.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 18,800 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 7,500 shares during the last quarter. Royce & Associates LP boosted its holdings in MidWestOne Financial Group by 22.5% during the second quarter. Royce & Associates LP now owns 669,750 shares of the financial services provider’s stock worth $22,698,000 after purchasing an additional 123,036 shares during the last quarter. Kennedy Capital Management Inc. boosted its holdings in MidWestOne Financial Group by 2.2% during the second quarter. Kennedy Capital Management Inc. now owns 201,201 shares of the financial services provider’s stock worth $6,819,000 after purchasing an additional 4,243 shares during the last quarter. Finally, Menta Capital LLC purchased a new position in MidWestOne Financial Group during the second quarter worth about $450,000. Institutional investors and hedge funds own 47.14% of the company’s stock.

MOFG has been the subject of several recent research reports. Zacks Investment Research downgraded shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. BidaskClub raised shares of MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $37.00 target price on shares of MidWestOne Financial Group and gave the stock a “hold” rating in a research report on Thursday, July 27th.

About MidWestOne Financial Group

MidWestOne Financial Group, Inc is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.

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