At Bancorp buys $8.4 Million stake in MidWestOne Financial Group (MOFG)

MidWestOne Financial Group (MOFG) : At Bancorp scooped up 35,449 additional shares in MidWestOne Financial Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 302,994 shares of MidWestOne Financial Group which is valued at $8.4 Million.MidWestOne Financial Group makes up approximately 1.29% of At Bancorp’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in MOFG by selling 558 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 84,892 shares of MOFG which is valued at $2.4 Million.Blackrock Investment Management boosted its stake in MOFG in the latest quarter, The investment management firm added 326 additional shares and now holds a total of 30,503 shares of MidWestOne Financial Group which is valued at $846,153.Nationwide Fund Advisors boosted its stake in MOFG in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 5,043 shares of MidWestOne Financial Group which is valued at $137,270.Rhumbline Advisers boosted its stake in MOFG in the latest quarter, The investment management firm added 1,095 additional shares and now holds a total of 11,935 shares of MidWestOne Financial Group which is valued at $324,871.

MidWestOne Financial Group opened for trading at $29.04 and hit $29.29 on the upside on Wednesday, eventually ending the session at $29.23, with a gain of 0.93% or 0.27 points. The heightened volatility saw the trading volume jump to 17,862 shares. Company has a market cap of $334 M.

MidWestOne Financial Group Inc. is a bank holding company. The Company operates primarily through its bank subsidiary MidWestOne Bank and MidWestOne Insurance Services Inc. MidWestOne Bank provides retail banking in the communities in which its branch offices are located. MidWestOne Insurance Services Inc. offers property and casualty insurance products to individuals and small businesses. It provides a range of commercial and retail lending services to businesses individuals and government agencies. Its investments consist of the United States Government agency securities and corporations states and political subdivisions mortgage-backed securities collateralized mortgage obligations collateralized debt obligations corporate debt securities and other securities. Its primary sources of funds consist of cash from operations investment maturities and sales deposits and funds from sales of capital securities.

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