MidWestOne Financial Group (NASDAQ:MOFG) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.03 and traded as high as $49.69. MidWestOne Financial Group shares last traded at $49.31, with a volume of 576,261 shares.

Analysts Set New Price Targets

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

MidWestOne Financial Group Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $990.24 million, a P/E ratio of 17.08 and a beta of 1.07. The business has a 50-day moving average price of $42.98 and a 200 day moving average price of $36.18.

MidWestOne Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, January 16th. MidWestOne Financial Group’s dividend payout ratio is currently 34.52%.

Institutional Trading of MidWestOne Financial Group

Several institutional investors have recently bought and sold shares of MOFG. Geode Capital Management LLC increased its holdings in shares of MidWestOne Financial Group by 13.2% in the 2nd quarter. Geode Capital Management LLC now owns 502,898 shares of the financial services provider’s stock worth $14,471,000 after purchasing an additional 58,709 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of MidWestOne Financial Group by 34.2% during the second quarter. Thrivent Financial for Lutherans now owns 125,073 shares of the financial services provider’s stock valued at $3,598,000 after buying an additional 31,867 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in MidWestOne Financial Group in the 2nd quarter worth about $1,074,000. Y Intercept Hong Kong Ltd purchased a new position in MidWestOne Financial Group in the 2nd quarter worth about $715,000. Finally, Jennison Associates LLC lifted its stake in MidWestOne Financial Group by 4.5% during the 2nd quarter. Jennison Associates LLC now owns 1,395,623 shares of the financial services provider’s stock valued at $40,152,000 after acquiring an additional 60,026 shares during the period. 65.42% of the stock is owned by hedge funds and other institutional investors.

About MidWestOne Financial Group

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.