Maltese Capital Management LLC Reduces Stock Position in MidWestOne Financial Group, Inc. $MOFG

Maltese Capital Management LLC decreased its position in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 340,000 shares of the financial services provider’s stock after selling 23,402 shares during the quarter. MidWestOne Financial Group makes up approximately 2.3% of Maltese Capital Management LLC’s holdings, making the stock its 9th largest holding. Maltese Capital Management LLC’s holdings in MidWestOne Financial Group were worth $13,090,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in MidWestOne Financial Group by 128.3% in the 4th quarter. Quadrant Capital Group LLC now owns 710 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 399 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in MidWestOne Financial Group by 8.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,382 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 841 shares in the last quarter. Invesco Ltd. boosted its stake in MidWestOne Financial Group by 2.9% in the 2nd quarter. Invesco Ltd. now owns 30,485 shares of the financial services provider’s stock worth $877,000 after purchasing an additional 848 shares in the last quarter. Rhumbline Advisers boosted its stake in MidWestOne Financial Group by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 26,265 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 1,206 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in MidWestOne Financial Group by 65.0% in the 3rd 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. Institutional investors own 65.42% of the company’s stock.

MidWestOne Financial Group Stock Performance

Shares of MidWestOne Financial Group stock opened at $49.31 on Tuesday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 17.55 and a beta of 1.07. The firm’s 50-day moving average is $49.31 and its 200 day moving average is $46.44. MidWestOne Financial Group, Inc. has a 1 year low of $25.75 and a 1 year high of $49.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85.

MidWestOne Financial Group Company 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.