MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Stock Position Decreased by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. trimmed its stake in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 35.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,000 shares of the financial services provider’s stock after selling 70,000 shares during the quarter. Stieven Capital Advisors L.P.’s holdings in MidWestOne Financial Group were worth $3,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in MidWestOne Financial Group by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 41,219 shares of the financial services provider’s stock worth $1,176,000 after purchasing an additional 1,000 shares in the last quarter. Sippican Capital Advisors boosted its holdings in shares of MidWestOne Financial Group by 1.9% in the third quarter. Sippican Capital Advisors now owns 66,338 shares of the financial services provider’s stock worth $1,893,000 after buying an additional 1,205 shares during the period. SG Americas Securities LLC increased its position in shares of MidWestOne Financial Group by 35.3% in the fourth quarter. SG Americas Securities LLC now owns 7,723 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 2,014 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of MidWestOne Financial Group by 5.2% during the third quarter. Empowered Funds LLC now owns 60,114 shares of the financial services provider’s stock valued at $1,715,000 after acquiring an additional 2,948 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of MidWestOne Financial Group by 16.4% in the 4th quarter. Rhumbline Advisers now owns 25,675 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 3,617 shares in the last quarter. 65.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MOFG has been the topic of several research analyst reports. Piper Sandler lowered their price objective on shares of MidWestOne Financial Group from $33.00 to $31.50 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Keefe, Bruyette & Woods upgraded MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $34.00 to $39.00 in a report on Tuesday, December 17th. Hovde Group increased their price objective on MidWestOne Financial Group from $30.00 to $33.50 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Finally, StockNews.com upgraded MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Monday, January 27th.

MidWestOne Financial Group Trading Down 1.3 %

NASDAQ MOFG opened at $32.07 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.20. MidWestOne Financial Group, Inc. has a 1-year low of $19.43 and a 1-year high of $34.56. The firm’s fifty day simple moving average is $30.62 and its 200-day simple moving average is $29.77. The company has a market capitalization of $666.09 million, a PE ratio of -7.90 and a beta of 1.04.

MidWestOne Financial Group (NASDAQ:MOFG) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. MidWestOne Financial Group had a return on equity of 6.54% and a net margin of 9.79%. As a group, sell-side analysts anticipate that MidWestOne Financial Group, Inc. will post 3.16 earnings per share for the current fiscal year.

MidWestOne Financial Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, March 3rd. MidWestOne Financial Group’s dividend payout ratio (DPR) is presently -23.89%.

MidWestOne Financial Group Profile

MidWestOne Financial Group, Inc operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. It offers range of deposit products, including noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts.