Two Sigma Advisers LP Purchases 9,400 Shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG)

Two Sigma Advisers LP lifted its stake in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Free Report) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,700 shares of the financial services provider's stock after acquiring an additional 9,400 shares during the period. Two Sigma Advisers LP owned approximately 0.16% of MidWestOne Financial Group worth $952,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MOFG. Basswood Capital Management L.L.C. increased its position in shares of MidWestOne Financial Group by 111.1% during the fourth quarter. Basswood Capital Management L.L.C. now owns 524,803 shares of the financial services provider's stock worth $15,282,000 after acquiring an additional 276,164 shares in the last quarter. Wellington Management Group LLP increased its position in shares of MidWestOne Financial Group by 30.8% during the fourth quarter. Wellington Management Group LLP now owns 1,046,451 shares of the financial services provider's stock worth $30,473,000 after acquiring an additional 246,117 shares in the last quarter. Vanguard Group Inc. increased its position in shares of MidWestOne Financial Group by 21.5% during the fourth quarter. Vanguard Group Inc. now owns 896,274 shares of the financial services provider's stock worth $26,099,000 after acquiring an additional 158,899 shares in the last quarter. Geode Capital Management LLC increased its position in shares of MidWestOne Financial Group by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 433,179 shares of the financial services provider's stock worth $12,617,000 after acquiring an additional 97,502 shares in the last quarter. Finally, Millennium Management LLC grew its position in MidWestOne Financial Group by 256.6% in the fourth quarter. Millennium Management LLC now owns 110,977 shares of the financial services provider's stock valued at $3,232,000 after purchasing an additional 79,860 shares in the last quarter. Institutional investors own 65.42% of the company's stock.

Insider Transactions at MidWestOne Financial Group

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

MidWestOne Financial Group Stock Performance

Shares of MOFG traded down $0.10 during midday trading on Thursday, reaching $28.10. The stock had a trading volume of 108,450 shares, compared to its average volume of 87,771. The firm has a 50 day simple moving average of $28.13 and a 200-day simple moving average of $29.84. MidWestOne Financial Group, Inc. has a one year low of $20.04 and a one year high of $34.56. The firm has a market cap of $584.96 million, a PE ratio of -6.92 and a beta of 1.01. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.20.

MidWestOne Financial Group (NASDAQ:MOFG - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.73. The company had revenue of $57.58 million during the quarter, compared to analysts' expectations of $58.87 million. MidWestOne Financial Group had a net margin of 9.79% and a return on equity of 6.54%. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Monday, June 2nd. MidWestOne Financial Group's dividend payout ratio is presently -27.40%.

Wall Street Analyst Weigh In

MOFG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of MidWestOne Financial Group from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Piper Sandler decreased 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.

About MidWestOne Financial Group

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.