Media headlines about MidWestOne Financial Group (NASDAQ:MOFG) have been trending positive this week, according to Alpha One Sentiment. The research group, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MidWestOne Financial Group earned a media sentiment score of 0.38 on Alpha One’s scale. Alpha One also assigned press coverage about the financial services provider an impact score of 53 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Alpha One Sentiment Analysis’s analysis:
MidWestOne Financial Group (NASDAQ:MOFG) traded down 0.65% on Friday, hitting $35.27. 10,365 shares of the stock traded hands. MidWestOne Financial Group has a 1-year low of $26.50 and a 1-year high of $39.20. The company has a market cap of $421.79 million, a price-to-earnings ratio of 18.75 and a beta of 1.25. The stock has a 50-day moving average price of $34.46 and a 200 day moving average price of $34.92.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.66 annualized dividend and a dividend yield of 1.87%. MidWestOne Financial Group’s dividend payout ratio is currently 29.63%.
A number of brokerages recently issued reports on MOFG. Zacks Investment Research upgraded shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Keefe, Bruyette & Woods began coverage on shares of MidWestOne Financial Group in a report on Monday, April 17th. They set an “outperform” rating and a $40.00 price objective for the company. Finally, Piper Jaffray Companies initiated coverage on shares of MidWestOne Financial Group in a report on Thursday, April 6th. They set a “neutral” rating and a $37.00 price objective for the company.
In other news, Director John M. Morrison sold 2,000,000 shares of MidWestOne Financial Group stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $32.88, for a total value of $65,760,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 26.30% of the company’s stock.
MidWestOne Financial Group Company Profile
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 that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.