MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Purchases $16,596.00 in Stock

MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Get Free Report) Director Charles N. Funk acquired 600 shares of MidWestOne Financial Group stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $27.66 per share, with a total value of $16,596.00. Following the purchase, the director owned 129,475 shares of the company's stock, valued at $3,581,278.50. The trade was a 0.47% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.MidWestOne Financial Group Price PerformanceShares of MOFG traded down $0.59 during trading hours on Friday, reaching $26.95. 104,982 shares of the company traded hands, compared to its average volume of 115,280. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $561.10 million, a PE ratio of -6.64 and a beta of 1.00. MidWestOne Financial Group, Inc. has a fifty-two week low of $24.62 and a fifty-two week high of $34.56. The stock has a fifty day simple moving average of $28.97 and a 200 day simple moving average of $29.26. MidWestOne Financial Group (NASDAQ:MOFG - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.28). The business had revenue of $61.41 million during the quarter, compared to analysts' expectations of $60.60 million. As a group, research analysts predict that MidWestOne Financial Group, Inc. will post 3.2 EPS for the current fiscal year. MidWestOne Financial Group Announces DividendThe firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. MidWestOne Financial Group's dividend payout ratio (DPR) is presently -23.89%. Institutional Trading of MidWestOne Financial GroupHedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC raised its holdings in shares of MidWestOne Financial Group by 61.8% in the 1st quarter. Jennison Associates LLC now owns 1,335,597 shares of the financial services provider's stock worth $39,547,000 after purchasing an additional 509,965 shares during the period. Wellington Management Group LLP raised its holdings in shares of MidWestOne Financial Group by 30.8% in the 4th quarter. Wellington Management Group LLP now owns 1,046,451 shares of the financial services provider's stock worth $30,473,000 after purchasing an additional 246,117 shares during the period. Vanguard Group Inc. raised its holdings in shares of MidWestOne Financial Group by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 927,614 shares of the financial services provider's stock worth $27,467,000 after purchasing an additional 31,340 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of MidWestOne Financial Group by 9.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 799,195 shares of the financial services provider's stock valued at $23,273,000 after buying an additional 70,059 shares during the period. Finally, FJ Capital Management LLC raised its holdings in shares of MidWestOne Financial Group by 22.8% during the 1st quarter. FJ Capital Management LLC now owns 747,456 shares of the financial services provider's stock valued at $22,132,000 after buying an additional 138,959 shares during the period. 65.42% of the stock is owned by institutional investors and hedge funds. Analyst Ratings ChangesMOFG has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their price objective on 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 lowered their target price on MidWestOne Financial Group from $33.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday.Read Our Latest Analysis on MOFGMidWestOne Financial Group Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than MidWestOne Financial GroupHow to Most Effectively Use the MarketBeat Earnings ScreenerRocket Lab Reports Next Week: Here’s What Investors Should KnowProfitably Trade Stocks at 52-Week HighsApple Stock: Big Earnings, Small Move—Time to Buy?Ride Out The Recession With These Dividend Kings Amazon's Earnings: What Comes Next and How to Play ItThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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