Maltese Capital Management LLC increased its holdings in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 10.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 237,300 shares of the financial services provider’s stock after purchasing an additional 21,500 shares during the quarter. Maltese Capital Management LLC owned 1.94% of MidWestOne Financial Group worth $8,011,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MOFG. Thrivent Financial For Lutherans bought a new position in shares of MidWestOne Financial Group during the 2nd quarter worth approximately $8,890,000. Royce & Associates LP grew its stake in shares of MidWestOne Financial Group by 22.5% during the 2nd quarter. Royce & Associates LP now owns 669,750 shares of the financial services provider’s stock worth $22,698,000 after acquiring an additional 123,036 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of MidWestOne Financial Group by 50.0% during the 1st quarter. Vanguard Group Inc. now owns 367,513 shares of the financial services provider’s stock worth $12,602,000 after acquiring an additional 122,424 shares in the last quarter. State Street Corp grew its stake in shares of MidWestOne Financial Group by 30.2% during the 2nd quarter. State Street Corp now owns 169,592 shares of the financial services provider’s stock worth $5,749,000 after acquiring an additional 39,292 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of MidWestOne Financial Group by 17.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 234,892 shares of the financial services provider’s stock worth $7,930,000 after acquiring an additional 35,607 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on MOFG shares. Zacks Investment Research cut shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. BidaskClub raised MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd.

Shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) opened at $35.98 on Thursday. The company has a market capitalization of $437.93, a P/E ratio of 17.48, a PEG ratio of 2.56 and a beta of 1.24. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.53. MidWestOne Financial Group, Inc. has a twelve month low of $30.56 and a twelve month high of $39.20.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, November 30th. MidWestOne Financial Group’s payout ratio is presently 33.50%.

In other news, Director Kurt R. Weise sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $35.21, for a total value of $35,210.00. Following the completion of the sale, the director now owns 2,275 shares of the company’s stock, valued at approximately $80,102.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 25.30% of the company’s stock.

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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.

Institutional Ownership by Quarter for MidWestOne Financial Group (NASDAQ:MOFG)

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