Today’s Price Action: Time to Reconsider MidWestOne Financial Group, Inc. After Making Record High?

Today's Price Action: Time to Reconsider MidWestOne Financial Group, Inc. After Making Record High?

The stock of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) reached all time high today, Nov, 22 and still has $35.88 target or 5.00% above today’s $34.17 share price. This indicates more upside for the $389.86M company. This technical setup was reported by Barchart.com. If the $35.88 PT is reached, the company will be worth $19.49 million 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 21,023 shares traded hands or 45.91% up from the average. MidWestOne Financial Group, Inc. (NASDAQ:MOFG) has risen 27.26% since April 20, 2016 and is uptrending. It has outperformed by 22.70% 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 increased to 3 in 2016 Q2. Its up 1.68, from 1.32 in 2016Q1. The ratio increased, 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.
Pnc Finance Svcs Group Inc holds 0% of its portfolio in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) for 65 shares. Analytic Invsts Ltd has 0% invested in the company for 9,144 shares. Vanguard Grp Inc reported 181,675 shares or 0% of all its holdings. Citigroup holds 0% of its portfolio in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) for 1,141 shares. Emerald Mutual Fund Advisers Trust has invested 0.24% of its portfolio in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). Us National Bank & Trust De has invested 0% of its portfolio in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). Teachers Advsrs last reported 0% of its portfolio in the stock. Denali Advisors Ltd Liability has invested 0% of its portfolio in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). Renaissance Techs Limited Liability Com has 0.01% invested in the company for 105,200 shares. Legal & General Group Public Limited Com last reported 0% of its portfolio in the stock. The North Carolina-based Financial Bank Of America De has invested 0% in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). Castine Capital has 3.22% invested in the company for 234,828 shares. State Street holds 0% or 106,397 shares in its portfolio. Geode Mgmt Limited Liability Com, a Massachusetts-based fund reported 50,243 shares. California State Teachers Retirement has 17,309 shares for 0% of their US portfolio.

Insider Transactions: Since August 8, 2016, the stock had 2 insider purchases, and 0 sales for $24,260 net activity. Stanoch Ruth E had bought 700 shares worth $19,935. Another trade for 150 shares valued at $4,325 was bought by Hatch Michael A.

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) PEG Ratio At 2.65” on November 18, 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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