John W. Rosenthal Capital Management Inc. Purchases Shares of 114,054 MidWestOne Financial Group, Inc. (MOFG)

John W. Rosenthal Capital Management Inc. purchased a new position in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 114,054 shares of the financial services provider’s stock, valued at approximately $4,288,000. MidWestOne Financial Group comprises approximately 3.6% of John W. Rosenthal Capital Management Inc.’s investment portfolio, making the stock its 9th largest position. John W. Rosenthal Capital Management Inc. owned about 1.00% of MidWestOne Financial Group as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. increased its stake in shares of MidWestOne Financial Group by 100.0% in the fourth quarter. Bessemer Group Inc. now owns 10,600 shares of the financial services provider’s stock valued at $399,000 after buying an additional 5,300 shares in the last quarter. Pacific Ridge Capital Partners LLC purchased a new stake in shares of MidWestOne Financial Group during the third quarter valued at $328,000. Sei Investments Co. purchased a new stake in shares of MidWestOne Financial Group during the third quarter valued at $355,000. Wells Fargo & Company MN increased its stake in shares of MidWestOne Financial Group by 3.8% in the third quarter. Wells Fargo & Company MN now owns 27,064 shares of the financial services provider’s stock valued at $822,000 after buying an additional 1,001 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of MidWestOne Financial Group by 6.3% in the third quarter. California Public Employees Retirement System now owns 28,800 shares of the financial services provider’s stock valued at $875,000 after buying an additional 1,700 shares in the last quarter. Institutional investors own 22.73% of the company’s stock.

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

Shares of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) traded down 0.33% during mid-day trading on Monday, reaching $36.43. 9,344 shares of the company traded hands. The stock’s 50 day moving average is $36.30 and its 200 day moving average is $32.60. The stock has a market capitalization of $416.61 million, a PE ratio of 20.47 and a beta of 1.25. MidWestOne Financial Group, Inc. has a 52-week low of $24.71 and a 52-week high of $39.20.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.81%. This is an increase from MidWestOne Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date is Monday, February 27th. MidWestOne Financial Group’s dividend payout ratio (DPR) is currently 29.63%.

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Separately, Zacks Investment Research upgraded shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 10th.

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 MidWestOne Bank and Central Bank provide service retail banking in the communities in which their respective branch offices are located.

5 Day Chart for NASDAQ:MOFG

Want to see what other hedge funds are holding MOFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MidWestOne Financial Group, Inc. (NASDAQ:MOFG).

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