Sippican Capital Advisors Sells 39,880 Shares of MidWestOne Financial Group, Inc. $MOFG

Key Points

• Sippican Capital Advisors cut its stake in MidWestOne by 60.8%, selling 39,880 shares in Q4 and now owns 25,684 shares (~0.12% of the company) worth $989,000.
• Analysts have a consensus "Hold" rating on MOFG with an average price target of $40.50; Weiss Ratings reaffirmed a "hold (C+)" and the breakdown is one Buy and four Holds.
• Shares trade around $49.31, near a 12‑month high of $49.69, with a market cap of $1.02B and a P/E of 17.55, and institutional investors own about 65.42% of the stock.

Sippican Capital Advisors decreased its position in MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Free Report) by 60.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,684 shares of the financial services provider's stock after selling 39,880 shares during the quarter. Sippican Capital Advisors owned approximately 0.12% of MidWestOne Financial Group worth $989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Federated Hermes Inc. boosted its stake in shares of MidWestOne Financial Group by 129.2% during the 3rd quarter. Federated Hermes Inc. now owns 1,242 shares of the financial services provider's stock worth $35,000 after acquiring an additional 700 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of MidWestOne Financial Group by 8.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,382 shares of the financial services provider's stock worth $337,000 after acquiring an additional 841 shares during the last quarter. Invesco Ltd. boosted its stake in shares of MidWestOne Financial Group by 2.9% during the 2nd quarter. Invesco Ltd. now owns 30,485 shares of the financial services provider's stock worth $877,000 after acquiring an additional 848 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of MidWestOne Financial Group by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 26,265 shares of the financial services provider's stock worth $756,000 after acquiring an additional 1,206 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of MidWestOne Financial Group by 65.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,298 shares of the financial services provider's stock worth $93,000 after acquiring an additional 1,299 shares during the last quarter. Hedge funds and other institutional investors own 65.42% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of MidWestOne Financial Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.50.

MidWestOne Financial Group Price Performance

Shares of MOFG opened at $49.31 on Monday. The business's 50 day moving average is $49.02 and its 200 day moving average is $41.59. The company has a market capitalization of $1.02 billion, a PE ratio of 17.55 and a beta of 1.07. MidWestOne Financial Group, Inc. has a 12-month low of $24.62 and a 12-month high of $49.69. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16.

MidWestOne Financial Group Profile

MidWestOne Financial Group, Inc NASDAQ: MOFG is a registered bank holding company headquartered in West Des Moines, Iowa. Through its principal subsidiary, MidWestOne Bank, the company provides a comprehensive range of commercial and consumer banking products and services. Its commercial banking division offers business lending solutions, including commercial real estate loans, business lines of credit, equipment financing and treasury management services. For individual customers, MidWestOne delivers checking and savings accounts, home mortgage and home equity loans, and personal lending solutions.

Beyond traditional banking, MidWestOne offers trust, wealth management and insurance services through specialized teams of financial advisors.

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