Jane Street Group LLC Buys 6,545 Shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG)

Jane Street Group LLC boosted its stake in shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 30.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 28,169 shares of the financial services provider’s stock after buying an additional 6,545 shares during the quarter. Jane Street Group LLC’s holdings in MidWestOne Financial Group were worth $804,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of MidWestOne Financial Group by 318.0% in the third quarter. Wellington Management Group LLP now owns 800,334 shares of the financial services provider’s stock worth $22,834,000 after acquiring an additional 608,883 shares during the period. State Street Corp raised its holdings in MidWestOne Financial Group by 5.7% during the 3rd quarter. State Street Corp now owns 300,394 shares of the financial services provider’s stock worth $8,570,000 after purchasing an additional 16,132 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of MidWestOne Financial Group in the 3rd quarter worth approximately $353,000. Jacobs Asset Management LLC bought a new stake in shares of MidWestOne Financial Group in the 3rd quarter valued at $5,739,000. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of MidWestOne Financial Group by 88.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 224,970 shares of the financial services provider’s stock worth $6,418,000 after buying an additional 105,720 shares during the period. Institutional investors own 65.42% of the company’s stock.

MidWestOne Financial Group Trading Up 0.2 %

NASDAQ:MOFG opened at $29.12 on Thursday. MidWestOne Financial Group, Inc. has a 12 month low of $19.43 and a 12 month high of $34.56. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $604.97 million, a price-to-earnings ratio of -6.24 and a beta of 1.03. The firm has a fifty day simple moving average of $31.39 and a two-hundred day simple moving average of $28.31.

MidWestOne Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.243 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.97 annualized dividend and a dividend yield of 3.34%. MidWestOne Financial Group’s dividend payout ratio is presently -20.77%.

Wall Street Analysts Forecast Growth

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

MidWestOne Financial Group Company 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.