Universal Beteiligungs und Servicegesellschaft mbH Takes $471,000 Position in MidWestOne Financial Group, Inc. $MOFG

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,662 shares of the financial services provider’s stock, valued at approximately $471,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of MidWestOne Financial Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC grew its stake in MidWestOne Financial Group by 238.8% in the second quarter. CWM LLC now owns 3,175 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 2,238 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of MidWestOne Financial Group during the 2nd quarter valued at about $98,000. Tower Research Capital LLC TRC grew its stake in shares of MidWestOne Financial Group by 286.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,524 shares of the financial services provider’s stock valued at $101,000 after buying an additional 2,613 shares in the last quarter. Quantbot Technologies LP acquired a new position in MidWestOne Financial Group in the second quarter worth approximately $228,000. Finally, The Manufacturers Life Insurance Company acquired a new position in MidWestOne Financial Group in the second quarter worth approximately $241,000. 65.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on MOFG shares. Stephens downgraded shares of MidWestOne Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods upped their price objective on shares of MidWestOne Financial Group from $37.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of MidWestOne Financial Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, MidWestOne Financial Group presently has a consensus rating of “Hold” and a consensus price target of $40.50.

MidWestOne Financial Group Price Performance

Shares of MidWestOne Financial Group stock opened at $47.07 on Tuesday. MidWestOne Financial Group, Inc. has a 1-year low of $24.62 and a 1-year high of $47.10. The firm has a fifty day simple moving average of $41.21 and a 200-day simple moving average of $34.67. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $971.05 million, a price-to-earnings ratio of 16.75 and a beta of 1.07.

MidWestOne Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, January 16th. MidWestOne Financial Group’s payout ratio is currently 34.52%.

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.