Trutina Financial LLC purchased a new position in shares of MidWestOne Financial Group Inc. (NASDAQ:MOFG) during the second quarter, Holdings Channel reports. The fund purchased 15,200 shares of the financial services provider’s stock, valued at approximately $434,000. Trutina Financial LLC owned 0.13% of MidWestOne Financial Group as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Pinnacle Holdings LLC boosted its stake in shares of MidWestOne Financial Group by 22.2% in the first quarter. Pinnacle Holdings LLC now owns 10,629 shares of the financial services provider’s stock worth $292,000 after buying an additional 1,930 shares during the period. Kennedy Capital Management Inc. bought a new stake in shares of MidWestOne Financial Group during the first quarter worth approximately $354,000. Prudential Financial Inc. boosted its stake in shares of MidWestOne Financial Group by 3.9% in the first quarter. Prudential Financial Inc. now owns 29,162 shares of the financial services provider’s stock worth $800,000 after buying an additional 1,100 shares during the period. Geode Capital Management LLC boosted its stake in shares of MidWestOne Financial Group by 4.0% in the first quarter. Geode Capital Management LLC now owns 49,955 shares of the financial services provider’s stock worth $1,371,000 after buying an additional 1,942 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of MidWestOne Financial Group by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 62,730 shares of the financial services provider’s stock worth $1,722,000 after buying an additional 396 shares during the period. 20.63% of the stock is owned by institutional investors.

Shares of MidWestOne Financial Group Inc. (NASDAQ:MOFG) traded down 0.16% during mid-day trading on Tuesday, hitting $30.32. The stock had a trading volume of 18,983 shares. The stock’s 50-day moving average is $29.58 and its 200-day moving average is $28.54. MidWestOne Financial Group Inc. has a 1-year low of $24.71 and a 1-year high of $32.52. The firm has a market capitalization of $346.71 million, a PE ratio of 13.25 and a beta of 0.98.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Tuesday, August 30th.

Separately, Zacks Investment Research raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 21st.

MidWestOne Financial Group Company Profile

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 MidWestOne Bank and Central Bank provide service retail banking in the communities in which their respective branch offices are located.

5 Day Chart for NASDAQ:MOFG

Want to see what other hedge funds are holding MOFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MidWestOne Financial Group Inc. (NASDAQ:MOFG).

Receive News & Ratings for MidWestOne Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidWestOne Financial Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.