Notable Mover: Could MidWestOne Financial Group, Inc. Change Direction After Touching Record High?

Notable Mover: Could MidWestOne Financial Group, Inc. Change Direction After Touching Record High?

The stock of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) reached all time high today, Nov, 14 and still has $46.92 target or 38.00% above today’s $34.00 share price. This indicates more upside for the $423.98 million company. This technical setup was reported by Barchart.com. If the $46.92 PT is reached, the company will be worth $161.11M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 18,449 shares traded hands or 44.38% up from the average. MidWestOne Financial Group, Inc. (NASDAQ:MOFG) has risen 31.34% since April 12, 2016 and is uptrending. It has outperformed by 26.36% the S&P500.

According to Zacks Investment Research, “MIDWESTONE FINANCIAL publicly trades common stock on the NASDAQ under the symbol MOFG. It includes the banking affiliates of MidWestOne Bank, Iowa State Bank & Trust Company, Iowa City, Iowa and First State Bank, Conrad, Iowa and is committed to expansion in existing and new markets to continually enhance shareholder value.”

Insitutional Activity: The institutional sentiment decreased to 1.32 in 2016 Q2. Its down 0.68, from 2 in 2016Q1. The ratio dropped, as 6 funds sold all MidWestOne Financial Group, Inc. shares owned while 13 reduced positions. 6 funds bought stakes while 19 increased positions. They now own 2.36 million shares or 3.43% more from 2.28 million shares in 2016Q1.
Dimensional Fund Advsrs Ltd Partnership has 0% invested in the company for 139,592 shares. Pinnacle Hldgs Lc last reported 0% of its portfolio in the stock. American Intll Gru, a New York-based fund reported 4,751 shares. Moreover, Blackrock Institutional Tru Co Na has 0% invested in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) for 68,836 shares. Tiaa Cref Mngmt Ltd Limited Liability Company holds 24,695 shares or 0% of its portfolio. Blackrock accumulated 0% or 3,226 shares. The Missouri-based Kennedy Mngmt Inc has invested 0.02% in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). The Illinois-based Northern Tru has invested 0% in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). Blackrock Fund Advisors has 0% invested in the company for 213,217 shares. Teachers Advsr last reported 13,210 shares in the company. State Bank Of New York Mellon Corporation, a New York-based fund reported 40,152 shares. The North Carolina-based Bancorporation Of America Corporation De has invested 0% in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). Analytic Ltd Liability Com reported 9,144 shares or 0% of all its holdings. Bank & Trust Of Montreal Can holds 0% of its portfolio in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) for 800 shares. Denali Ltd Liability Company, a California-based fund reported 72 shares.

Insider Transactions: Since August 8, 2016, the stock had 2 insider buys, and 0 insider sales for $24,260 net activity. Shares for $4,325 were bought by Hatch Michael A on Tuesday, August 9. The insider Stanoch Ruth E bought $19,935.

Another recent and important MidWestOne Financial Group, Inc. (NASDAQ:MOFG) news was published by Equitiesfocus.com which published an article titled: “MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Short-Term Price Target At $32.00” on November 09, 2016.

MOFG Company Profile

MidWestOne Financial Group, Inc., incorporated on May 9, 1983, is a bank holding and financial holding company. The Firm operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc. that operates through approximately three agencies located in central and east-central Iowa. The Company’s divisions include Commercial Banking and All Other. MidWestOne Bank and Central Bank provide service retail banking in the communities in which their respective branch offices are located. Deposit products offered include checking and other demand deposit accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, certificates of deposit, individual retirement accounts and other time deposits. The Company’s deposit products also include non-interest-bearing and interest-bearing demand deposits, and money market accounts. The deposit products are offered to individuals, nonprofit organizations, partnerships, small businesses, firms and public entities. MidWestOne Bank and Central Bank offer commercial and industrial, agricultural, real estate mortgage and consumer loans. Other services and products include debit cards, automated teller machines, online banking, mobile banking and safe deposit boxes.

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