OxFORD Asset Management LLP bought a new position in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 18,302 shares of the financial services provider’s stock, valued at approximately $620,000. OxFORD Asset Management LLP owned 0.15% of MidWestOne Financial Group as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in MOFG. Nationwide Fund Advisors raised its holdings in MidWestOne Financial Group by 138.3% in the 1st quarter. Nationwide Fund Advisors now owns 14,602 shares of the financial services provider’s stock worth $501,000 after purchasing an additional 8,475 shares during the period. Bank of New York Mellon Corp raised its holdings in MidWestOne Financial Group by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 53,671 shares of the financial services provider’s stock worth $1,840,000 after purchasing an additional 3,344 shares during the period. JPMorgan Chase & Co. raised its holdings in MidWestOne Financial Group by 0.5% in the 1st quarter. JPMorgan Chase & Co. now owns 24,579 shares of the financial services provider’s stock worth $843,000 after purchasing an additional 122 shares during the period. Stifel Financial Corp bought a new position in MidWestOne Financial Group in the 1st quarter worth $304,000. Finally, American International Group Inc. raised its holdings in MidWestOne Financial Group by 7.0% in the 1st quarter. American International Group Inc. now owns 5,077 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 332 shares during the period. 46.44% of the stock is currently owned by institutional investors.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) opened at 36.29 on Wednesday. MidWestOne Financial Group, Inc. has a one year low of $27.93 and a one year high of $39.20. The company has a market capitalization of $443.39 million, a PE ratio of 17.66 and a beta of 1.25. The company has a 50-day moving average price of $34.09 and a 200-day moving average price of $34.38.

MidWestOne Financial Group (NASDAQ:MOFG) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. MidWestOne Financial Group had a net margin of 17.60% and a return on equity of 7.55%. The company had revenue of $31.57 million for the quarter, compared to analyst estimates of $31.17 million. Analysts expect that MidWestOne Financial Group, Inc. will post $2.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, November 30th. MidWestOne Financial Group’s payout ratio is 33.17%.

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A number of equities analysts recently commented on the company. BidaskClub cut MidWestOne Financial Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Piper Jaffray Companies set a $37.00 target price on MidWestOne Financial Group and gave the stock a “hold” rating in a report on Thursday, July 27th.

In other MidWestOne Financial Group news, Director Kurt R. Weise sold 889 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $32.91, for a total value of $29,256.99. Following the sale, the director now directly owns 2,275 shares of the company’s stock, valued at $74,870.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 25.30% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for MidWestOne Financial Group (NASDAQ:MOFG)

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