MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Director Kurt R. Weise sold 1,000 shares of the firm’s 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 sale, the director now owns 2,275 shares of the company’s stock, valued at approximately $80,102.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, November 30th. MidWestOne Financial Group’s dividend payout ratio is currently 33.50%.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP lifted its stake in MidWestOne Financial Group by 22.5% during the 2nd quarter. Royce & Associates LP now owns 669,750 shares of the financial services provider’s stock valued at $22,698,000 after acquiring an additional 123,036 shares during the period. Vanguard Group Inc. lifted its stake in shares of MidWestOne Financial Group by 13.4% in the 2nd quarter. Vanguard Group Inc. now owns 416,890 shares of the financial services provider’s stock worth $14,128,000 after purchasing an additional 49,377 shares during the period. Thrivent Financial For Lutherans bought a new position in shares of MidWestOne Financial Group in the 2nd quarter worth approximately $8,890,000. Kennedy Capital Management Inc. lifted its stake in shares of MidWestOne Financial Group by 2.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 201,201 shares of the financial services provider’s stock worth $6,819,000 after purchasing an additional 4,243 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of MidWestOne Financial Group by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 199,285 shares of the financial services provider’s stock worth $6,754,000 after purchasing an additional 23,846 shares during the period. Institutional investors and hedge funds own 46.61% of the company’s stock.

A number of research firms recently issued reports on MOFG. Zacks Investment Research downgraded shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub upgraded shares of MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $37.00 price objective on shares of MidWestOne Financial Group and gave the stock a “hold” rating in a report on Thursday, July 27th.

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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