GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 23,794 shares of the financial services provider’s stock, valued at approximately $916,000.
Several other institutional investors and hedge funds also recently made changes to their positions in MOFG. Federated Hermes Inc. lifted its position in shares of MidWestOne Financial Group by 129.2% in the third quarter. Federated Hermes Inc. now owns 1,242 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 700 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of MidWestOne Financial Group by 12,135.7% in the third quarter. Russell Investments Group Ltd. now owns 1,713 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,699 shares in the last quarter. Signaturefd LLC lifted its position in shares of MidWestOne Financial Group by 402.1% in the fourth quarter. Signaturefd LLC now owns 2,124 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 1,701 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of MidWestOne Financial Group by 65.0% in the third quarter. BNP Paribas Financial Markets now owns 3,298 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of MidWestOne Financial Group in the second quarter worth $98,000. Institutional investors and hedge funds own 65.42% of the company’s stock.
MidWestOne Financial Group Stock Performance
Shares of MOFG stock opened at $49.31 on Monday. The company’s fifty day simple moving average is $49.31 and its 200-day simple moving average is $44.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.02 billion, a PE ratio of 17.55 and a beta of 1.07. MidWestOne Financial Group, Inc. has a 12 month low of $25.75 and a 12 month high of $49.69.
MidWestOne Financial Group Profile
MidWestOne Financial Group, Inc (NASDAQ: MOFG) is a registered bank holding company headquartered in West Des Moines, Iowa. Through its principal subsidiary, MidWestOne Bank, the company provides a comprehensive range of commercial and consumer banking products and services. Its commercial banking division offers business lending solutions, including commercial real estate loans, business lines of credit, equipment financing and treasury management services. For individual customers, MidWestOne delivers checking and savings accounts, home mortgage and home equity loans, and personal lending solutions.
Beyond traditional banking, MidWestOne offers trust, wealth management and insurance services through specialized teams of financial advisors.
Further Reading
- Five stocks we like better than MidWestOne Financial Group
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
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 – Free Report).
Receive News & Ratings for MidWestOne Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidWestOne Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.
