Short Interest in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Decreases By 19.9%

MidWestOne Financial Group, Inc. (NASDAQ:MOFG - Get Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 441,218 shares, a decline of 19.9% from the January 29th total of 550,799 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 222,413 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily trading volume, of 222,413 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.2% of the shares of the stock are short sold.Analyst Upgrades and DowngradesSeparately, Weiss Ratings reissued a "hold (c+)" rating on shares of MidWestOne Financial Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $40.50.View Our Latest Stock Analysis on MidWestOne Financial GroupMidWestOne Financial Group Stock PerformanceMidWestOne Financial Group stock remained flat at $49.31 during mid-day trading on Tuesday. MidWestOne Financial Group has a 1 year low of $24.62 and a 1 year high of $49.69. The company has a market cap of $1.02 billion, a P/E ratio of 17.55 and a beta of 1.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $44.44 and a two-hundred day moving average price of $37.54. MidWestOne Financial Group Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, January 16th. MidWestOne Financial Group's dividend payout ratio is currently 34.52%. Hedge Funds Weigh In On MidWestOne Financial GroupA number of hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in MidWestOne Financial Group by 11.4% in the third quarter. Wellington Management Group LLP now owns 1,354,527 shares of the financial services provider's stock valued at $38,320,000 after acquiring an additional 139,033 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of MidWestOne Financial Group by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,030,102 shares of the financial services provider's stock valued at $29,142,000 after purchasing an additional 15,065 shares in the last quarter. FJ Capital Management LLC lifted its stake in shares of MidWestOne Financial Group by 4.0% in the 3rd quarter. FJ Capital Management LLC now owns 796,883 shares of the financial services provider's stock valued at $22,544,000 after purchasing an additional 30,681 shares during the last quarter. Magnetar Financial LLC bought a new stake in MidWestOne Financial Group in the fourth quarter worth $21,676,000. Finally, Goldman Sachs Group Inc. increased its position in MidWestOne Financial Group by 16.8% during the first quarter. Goldman Sachs Group Inc. now owns 531,724 shares of the financial services provider's stock worth $15,744,000 after buying an additional 76,368 shares during the last quarter. Institutional investors and hedge funds own 65.42% of the company's stock. MidWestOne Financial Group Company Profile (Get Free Report)MidWestOne Financial Group, Inc NASDAQ: MOFG is a registered bank holding company headquartered in West Des Moines, Iowa. Through its principal subsidiary, MidWestOne Bank, the company provides a comprehensive range of commercial and consumer banking products and services. Its commercial banking division offers business lending solutions, including commercial real estate loans, business lines of credit, equipment financing and treasury management services. For individual customers, MidWestOne delivers checking and savings accounts, home mortgage and home equity loans, and personal lending solutions. Beyond traditional banking, MidWestOne offers trust, wealth management and insurance services through specialized teams of financial advisors.See AlsoFive stocks we like better than MidWestOne Financial GroupThe gold chart Wall Street is terrified of…America’s 1776 happening againBuy this Gold Stock Before May 2026ALERT: Drop these 5 stocks before the market opens tomorrow!What a Former CIA Agent Knows About the Coming CollapseThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in MidWestOne Financial Group Right Now?Before you consider MidWestOne Financial Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MidWestOne Financial Group wasn't on the list.While MidWestOne Financial Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here