James M. Cantrell Acquires 500 Shares of MidWestOne Financial Group, Inc. (MOFG) Stock
MidWestOne Financial Group, Inc. (NASDAQ:MOFG) CFO James M. Cantrell bought 500 shares of the stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $33.25 per share, for a total transaction of $16,625.00. Following the completion of the transaction, the chief financial officer now owns 9,463 shares of the company’s stock, valued at approximately $314,644.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of MidWestOne Financial Group, Inc. (MOFG) opened at $33.15 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. MidWestOne Financial Group, Inc. has a fifty-two week low of $30.56 and a fifty-two week high of $38.29. The firm has a market capitalization of $405.08, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.57 and a beta of 1.07.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.195 per share. The ex-dividend date is Wednesday, February 28th. This is an increase from MidWestOne Financial Group’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a dividend yield of 2.35%. MidWestOne Financial Group’s dividend payout ratio (DPR) is currently 33.50%.
MOFG has been the topic of a number of research reports. Sandler O’Neill restated a “buy” rating and set a $39.00 target price on shares of MidWestOne Financial Group in a research report on Friday, January 19th. BidaskClub raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Finally, Zacks Investment Research raised MidWestOne Financial Group from a “sell” rating to a “hold” rating and set a $38.00 price target for the company in a report on Saturday, December 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.50.
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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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