MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Get Free Report) CEO Charles N. Reeves acquired 1,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was purchased at an average cost of $20.72 per share, with a total value of $20,720.00. Following the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $621,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
MidWestOne Financial Group Stock Performance
Shares of MOFG stock opened at $21.03 on Thursday. The stock has a market capitalization of $331.22 million, a price-to-earnings ratio of 14.60 and a beta of 0.95. MidWestOne Financial Group, Inc. has a one year low of $17.80 and a one year high of $27.78. The company’s 50-day simple moving average is $21.96 and its 200-day simple moving average is $22.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.73 and a current ratio of 0.73.
MidWestOne Financial Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Monday, June 3rd. MidWestOne Financial Group’s dividend payout ratio is presently 67.36%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
MOFG has been the topic of a number of recent analyst reports. Hovde Group cut their price objective on shares of MidWestOne Financial Group from $23.50 to $21.50 and set a “market perform” rating on the stock in a report on Friday, April 26th. Keefe, Bruyette & Woods reduced their price target on MidWestOne Financial Group from $28.00 to $27.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Piper Sandler lowered their price objective on MidWestOne Financial Group from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday. Finally, StockNews.com raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, MidWestOne Financial Group presently has a consensus rating of “Hold” and an average target price of $24.13.
View Our Latest Stock Report on MOFG
MidWestOne Financial Group Company Profile
MidWestOne Financial Group, Inc operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. It offers range of deposit products, including noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts.
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