MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 166,494 shares of the financial services provider’s stock after purchasing an additional 3,401 shares during the quarter. American Century Companies Inc.’s holdings in MidWestOne Financial Group were worth $4,848,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bailard Inc. increased its position in MidWestOne Financial Group by 3.7% during the 4th quarter. Bailard Inc. now owns 11,905 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 420 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in MidWestOne Financial Group by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 41,219 shares of the financial services provider’s stock worth $1,176,000 after buying an additional 1,000 shares during the period. SG Americas Securities LLC increased its position in shares of MidWestOne Financial Group by 35.3% in the fourth quarter. SG Americas Securities LLC now owns 7,723 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 2,014 shares in the last quarter. Empowered Funds LLC raised its stake in shares of MidWestOne Financial Group by 5.0% in the 4th quarter. Empowered Funds LLC now owns 63,137 shares of the financial services provider’s stock valued at $1,839,000 after acquiring an additional 3,023 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of MidWestOne Financial Group by 16.4% in the 4th quarter. Rhumbline Advisers now owns 25,675 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 3,617 shares during the period. 65.42% of the stock is owned by hedge funds and other institutional investors.

MidWestOne Financial Group Trading Down 2.5 %

Shares of NASDAQ:MOFG opened at $26.17 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $30.35 and its 200 day moving average price is $30.21. The company has a market cap of $544.75 million, a PE ratio of -6.45 and a beta of 0.88. MidWestOne Financial Group, Inc. has a fifty-two week low of $19.43 and a fifty-two week high of $34.56.

MidWestOne Financial Group (NASDAQ:MOFG) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. MidWestOne Financial Group had a return on equity of 6.54% and a net margin of 9.79%. Sell-side analysts anticipate that MidWestOne Financial Group, Inc. will post 3.2 earnings per share for the current year.

MidWestOne Financial Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.2425 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.97 annualized dividend and a yield of 3.71%. MidWestOne Financial Group’s dividend payout ratio is currently -23.89%.

Insider Buying and Selling

In other news, CEO Charles N. Reeves bought 1,785 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $27.98 per share, for a total transaction of $49,944.30. Following the completion of the acquisition, the chief executive officer now directly owns 53,621 shares in the company, valued at $1,500,315.58. This represents a 3.44 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MOFG shares. Keefe, Bruyette & Woods raised MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $39.00 in a research report on Tuesday, December 17th. Hovde Group lifted their price objective on shares of MidWestOne Financial Group from $30.00 to $33.50 and gave the company a “market perform” rating in a research note on Monday, January 27th. Finally, StockNews.com upgraded shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, January 27th.

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.