Maltese Capital Management LLC Cuts Holdings in MidWestOne Financial Group, Inc. $MOFG

Maltese Capital Management LLC lowered its stake in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 340,000 shares of the financial services provider’s stock after selling 23,402 shares during the period. MidWestOne Financial Group accounts for approximately 2.3% of Maltese Capital Management LLC’s holdings, making the stock its 9th biggest holding. Maltese Capital Management LLC owned 1.65% of MidWestOne Financial Group worth $13,090,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in MidWestOne Financial Group by 11.4% in the third quarter. Wellington Management Group LLP now owns 1,354,527 shares of the financial services provider’s stock valued at $38,320,000 after acquiring an additional 139,033 shares in the last quarter. Vanguard Group Inc. boosted its holdings in MidWestOne Financial Group by 1.5% in the third quarter. Vanguard Group Inc. now owns 1,030,102 shares of the financial services provider’s stock valued at $29,142,000 after acquiring an additional 15,065 shares in the last quarter. FJ Capital Management LLC boosted its holdings in MidWestOne Financial Group by 4.0% in the third quarter. FJ Capital Management LLC now owns 796,883 shares of the financial services provider’s stock valued at $22,544,000 after acquiring an additional 30,681 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in MidWestOne Financial Group by 16.8% in the first quarter. Goldman Sachs Group Inc. now owns 531,724 shares of the financial services provider’s stock valued at $15,744,000 after acquiring an additional 76,368 shares in the last quarter. Finally, Glazer Capital LLC bought a new stake in shares of MidWestOne Financial Group during the 4th quarter valued at $9,621,000. Institutional investors own 65.42% of the company’s stock.

MidWestOne Financial Group Price Performance

NASDAQ:MOFG opened at $49.31 on Tuesday. The firm’s 50-day moving average price is $49.31 and its 200-day moving average price is $46.44. The company has a market capitalization of $1.02 billion, a PE ratio of 17.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85. MidWestOne Financial Group, Inc. has a 1-year low of $25.75 and a 1-year high of $49.69.

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.