Castine Capital Management Lowers stake in MidWestOne Financial Group (MOFG)

MidWestOne Financial Group (MOFG) : Castine Capital Management reduced its stake in MidWestOne Financial Group by 0.07% during the most recent quarter end. The investment management company now holds a total of 234,828 shares of MidWestOne Financial Group which is valued at $6,831,147 after selling 167 shares in MidWestOne Financial Group , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.MidWestOne Financial Group makes up approximately 3.08% of Castine Capital Management’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers reduced its stake in MOFG by selling 2,897 shares or 24.27% in the most recent quarter. The Hedge Fund company now holds 9,038 shares of MOFG which is valued at $262,915.Tower Research Capital (trc) boosted its stake in MOFG in the latest quarter, The investment management firm added 122 additional shares and now holds a total of 626 shares of MidWestOne Financial Group which is valued at $18,210.

MidWestOne Financial Group closed down -0.17 points or -0.57% at $29.65 with 12,248 shares getting traded on Thursday. Post opening the session at $29.94, the shares hit an intraday low of $29.45 and an intraday high of $30.02 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Leave a Reply

MidWestOne Financial Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on MidWestOne Financial Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.