MidWestOne Financial Group (MOFG) Lifted to Hold at BidaskClub

MidWestOne Financial Group (NASDAQ:MOFG) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Zacks Investment Research lowered MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd.

Shares of MidWestOne Financial Group (NASDAQ MOFG) opened at $34.75 on Friday. The company has a market capitalization of $412.39, a PE ratio of 17.12, a PEG ratio of 2.09 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. MidWestOne Financial Group has a 1 year low of $30.56 and a 1 year high of $38.29.

In related news, Director Kurt R. Weise sold 1,000 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $35.21, for a total transaction of $35,210.00. Following the completion of the transaction, the director now directly owns 2,275 shares in the company, valued at $80,102.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 25.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Archford Capital Strategies LLC grew its holdings in shares of MidWestOne Financial Group by 133.9% during the second quarter. Archford Capital Strategies LLC now owns 2,000 shares of the financial services provider’s stock worth $116,000 after buying an additional 1,145 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of MidWestOne Financial Group during the second quarter worth about $133,000. SG Americas Securities LLC bought a new position in shares of MidWestOne Financial Group during the third quarter worth about $181,000. Alliancebernstein L.P. bought a new position in shares of MidWestOne Financial Group during the second quarter worth about $217,000. Finally, Citadel Advisors LLC bought a new position in shares of MidWestOne Financial Group during the third quarter worth about $268,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

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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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