MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Ruth E. Stanoch purchased 300 shares of MidWestOne Financial Group stock in a transaction dated Thursday, November 16th. The shares were purchased at an average price of $34.46 per share, with a total value of $10,338.00. Following the completion of the transaction, the director now directly owns 2,400 shares in the company, valued at $82,704. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of MidWestOne Financial Group, Inc. (NASDAQ MOFG) traded up $0.09 during trading hours on Friday, reaching $34.63. 13,864 shares of the company traded hands, compared to its average volume of 23,615. MidWestOne Financial Group, Inc. has a one year low of $30.56 and a one year high of $39.20. The stock has a market capitalization of $423.14, a price-to-earnings ratio of 16.89, a PEG ratio of 2.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.88.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.17 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.68 annualized dividend and a yield of 1.96%. MidWestOne Financial Group’s dividend payout ratio (DPR) is presently 33.50%.
A number of research analysts have recently commented on the stock. Piper Jaffray Companies set a $37.00 price target on shares of MidWestOne Financial Group and gave the company a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, BidaskClub upgraded shares of MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd.
About MidWestOne Financial Group
MidWestOne Financial Group, Inc is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.
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