BidaskClub cut shares of MidWestOne Financial Group (NASDAQ:MOFG) from a hold rating to a sell rating in a research report report published on Saturday morning, BidAskClub reports.

Other equities analysts have also issued reports about the company. TheStreet upgraded MidWestOne Financial Group from a c+ rating to a b- rating in a research note on Friday, March 1st. ValuEngine upgraded MidWestOne Financial Group from a sell rating to a hold rating in a research note on Saturday, May 4th. Finally, Zacks Investment Research upgraded MidWestOne Financial Group from a sell rating to a hold rating in a research note on Thursday, April 11th.

MidWestOne Financial Group stock opened at $26.02 on Friday. The firm has a market capitalization of $423.14 million, a price-to-earnings ratio of 10.24, a P/E/G ratio of 1.12 and a beta of 1.01. The firm has a fifty day simple moving average of $28.18. MidWestOne Financial Group has a 52 week low of $23.80 and a 52 week high of $35.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.88 and a quick ratio of 0.88.

MidWestOne Financial Group (NASDAQ:MOFG) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.05). The business had revenue of $31.39 million during the quarter, compared to analyst estimates of $32.02 million. MidWestOne Financial Group had a net margin of 19.41% and a return on equity of 8.80%. As a group, equities research analysts forecast that MidWestOne Financial Group will post 2.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, April 29th were paid a dividend of $0.2025 per share. The ex-dividend date was Friday, April 26th. This represents a $0.81 annualized dividend and a yield of 3.11%. MidWestOne Financial Group’s dividend payout ratio is presently 31.89%.

In other news, Director Richard J. Hartig purchased 1,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was bought at an average cost of $29.04 per share, for a total transaction of $29,040.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 1,600 shares of company stock valued at $45,815 over the last 90 days. 3.30% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. Northern Trust Corp increased its stake in MidWestOne Financial Group by 0.9% during the fourth quarter. Northern Trust Corp now owns 131,309 shares of the financial services provider’s stock worth $3,260,000 after acquiring an additional 1,141 shares during the last quarter. Context BH Capital Management LP increased its stake in MidWestOne Financial Group by 39.0% during the fourth quarter. Context BH Capital Management LP now owns 14,375 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 4,031 shares during the last quarter. California Public Employees Retirement System increased its stake in MidWestOne Financial Group by 4.2% during the fourth quarter. California Public Employees Retirement System now owns 45,402 shares of the financial services provider’s stock worth $1,127,000 after acquiring an additional 1,848 shares during the last quarter. Bank of New York Mellon Corp increased its stake in MidWestOne Financial Group by 27.6% during the fourth quarter. Bank of New York Mellon Corp now owns 84,555 shares of the financial services provider’s stock worth $2,099,000 after acquiring an additional 18,265 shares during the last quarter. Finally, AJO LP increased its stake in MidWestOne Financial Group by 2.2% during the first quarter. AJO LP now owns 87,809 shares of the financial services provider’s stock worth $2,393,000 after acquiring an additional 1,850 shares during the last quarter. Institutional investors own 33.91% of the company’s stock.

About MidWestOne Financial Group

MidWestOne Financial Group, Inc is a bank holding company. It operates through the following subsidiaries: MidWestOne Bank and MidWestOne Insurance Services, Inc The MidWestOne Bank provides retail banking services, which include deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits.

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