Barclays PLC Acquires 9,087 Shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG)

Barclays PLC raised its stake in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,198 shares of the financial services provider's stock after buying an additional 9,087 shares during the period. Barclays PLC owned 0.25% of MidWestOne Financial Group worth $1,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of MidWestOne Financial Group in the 3rd quarter valued at approximately $261,000. Franklin Resources Inc. bought a new position in shares of MidWestOne Financial Group in the third quarter valued at approximately $1,116,000. JPMorgan Chase & Co. lifted its stake in shares of MidWestOne Financial Group by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 43,430 shares of the financial services provider's stock worth $1,239,000 after buying an additional 15,351 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of MidWestOne Financial Group during the 4th quarter worth $1,776,000. Finally, Apella Capital LLC acquired a new position in MidWestOne Financial Group in the 4th quarter valued at $268,000. Institutional investors and hedge funds own 65.42% of the company's stock.

MidWestOne Financial Group Stock Performance

NASDAQ:MOFG opened at $28.61 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 0.78. The firm's 50-day moving average is $28.34 and its 200-day moving average is $30.07. MidWestOne Financial Group, Inc. has a 52-week low of $20.04 and a 52-week high of $34.56. The company has a market cap of $595.55 million, a price-to-earnings ratio of -7.05 and a beta of 0.88.

MidWestOne Financial Group (NASDAQ:MOFG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73. MidWestOne Financial Group had a return on equity of 6.54% and a net margin of 9.79%. The firm had revenue of $57.58 million during the quarter, compared to analysts' expectations of $58.87 million. Equities research analysts anticipate that MidWestOne Financial Group, Inc. will post 3.2 earnings per share for the current year.

MidWestOne Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.97 dividend on an annualized basis and a yield of 3.39%. MidWestOne Financial Group's dividend payout ratio is currently -27.40%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler cut their target price on shares of MidWestOne Financial Group from $34.50 to $33.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. StockNews.com raised MidWestOne Financial Group from a "sell" rating to a "hold" rating in a research report on Monday, January 27th. Hovde Group raised their target price on MidWestOne Financial Group from $30.00 to $33.50 and gave the company a "market perform" rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods cut their price target on MidWestOne Financial Group from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, April 28th.

Insider Buying and Selling at MidWestOne Financial Group

In other MidWestOne Financial Group news, CEO Charles N. Reeves bought 1,785 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $27.98 per share, for a total transaction of $49,944.30. Following the transaction, the chief executive officer now owns 53,621 shares in the company, valued at approximately $1,500,315.58. The trade was a 3.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.50% of the company's stock.

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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