James M. Cantrell Acquires 500 Shares of MidWestOne Financial Group, Inc. (MOFG) Stock
MidWestOne Financial Group, Inc. (NASDAQ:MOFG) CFO James M. Cantrell purchased 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of $33.25 per share, with a total value of $16,625.00. Following the purchase, the chief financial officer now directly owns 9,463 shares in the company, valued at approximately $314,644.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
MidWestOne Financial Group, Inc. (MOFG) opened at $33.15 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $405.09, a price-to-earnings ratio of 16.17, a PEG ratio of 1.57 and a beta of 1.07. MidWestOne Financial Group, Inc. has a 12 month low of $30.56 and a 12 month high of $38.29.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.195 per share. This is an increase from MidWestOne Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, February 28th. This represents a $0.78 annualized dividend and a dividend yield of 2.35%. MidWestOne Financial Group’s dividend payout ratio is presently 33.50%.
MOFG has been the subject of several research reports. Zacks Investment Research downgraded MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. BidaskClub downgraded MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Finally, Sandler O’Neill reiterated a “buy” rating and set a $39.00 price target on shares of MidWestOne Financial Group in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $38.50.
WARNING: This report was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.thecerbatgem.com/2018/02/04/james-m-cantrell-acquires-500-shares-of-midwestone-financial-group-inc-mofg-stock.html.
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.
Receive News & Ratings for MidWestOne Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidWestOne Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.