MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its position in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,274 shares of the financial services provider's stock after acquiring an additional 37,129 shares during the quarter. Northern Trust Corp owned approximately 0.80% of MidWestOne Financial Group worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MOFG. Price T Rowe Associates Inc. MD purchased a new position in MidWestOne Financial Group during the 4th quarter valued at about $211,000. Stifel Financial Corp raised its holdings in MidWestOne Financial Group by 0.5% during the fourth quarter. Stifel Financial Corp now owns 67,439 shares of the financial services provider's stock worth $1,964,000 after purchasing an additional 345 shares in the last quarter. MetLife Investment Management LLC lifted its position in MidWestOne Financial Group by 32.9% in the fourth quarter. MetLife Investment Management LLC now owns 11,091 shares of the financial services provider's stock valued at $323,000 after acquiring an additional 2,747 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MidWestOne Financial Group by 9.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 799,195 shares of the financial services provider's stock valued at $23,273,000 after purchasing an additional 70,059 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of MidWestOne Financial Group by 20.7% in the fourth quarter. First Trust Advisors LP now owns 73,043 shares of the financial services provider's stock valued at $2,127,000 after acquiring an additional 12,544 shares during the period. 65.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Hovde Group boosted their price target on MidWestOne Financial Group from $30.00 to $33.50 and gave the company a "market perform" rating in a research report on Monday, January 27th. Piper Sandler reduced their price objective on MidWestOne Financial Group from $34.50 to $33.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Wall Street Zen raised shares of MidWestOne Financial Group from a "sell" rating to a "hold" rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced their target price on MidWestOne Financial Group from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th.

Insider Buying and Selling

In other news, CEO Charles N. Reeves purchased 1,785 shares of the company's stock in a transaction on Monday, March 10th. The shares were bought at an average price of $27.98 per share, for a total transaction of $49,944.30. Following the completion of the purchase, the chief executive officer now owns 53,621 shares of the company's stock, valued at $1,500,315.58. This trade represents a 3.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by company insiders.

MidWestOne Financial Group Stock Up 3.4%

Shares of NASDAQ:MOFG traded up $0.95 during mid-day trading on Tuesday, hitting $29.25. 158,012 shares of the company traded hands, compared to its average volume of 87,089. The firm has a market cap of $608.90 million, a P/E ratio of -7.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 0.78. MidWestOne Financial Group, Inc. has a 52-week low of $20.04 and a 52-week high of $34.56. The firm's 50 day simple moving average is $28.26 and its 200 day simple moving average is $30.00.

MidWestOne Financial Group (NASDAQ:MOFG - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. The company had revenue of $57.58 million during the quarter, compared to analyst estimates of $58.87 million. MidWestOne Financial Group had a return on equity of 6.54% and a net margin of 9.79%. On average, equities analysts anticipate that MidWestOne Financial Group, Inc. will post 3.2 EPS for the current year.

MidWestOne Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.2425 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.97 dividend on an annualized basis and a yield of 3.32%. MidWestOne Financial Group's payout ratio is currently -27.40%.

MidWestOne Financial Group 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.