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Recent Insider Activity Could Benefit MidWestOne Financial Group Inc (MOFG)

MidWestOne Financial Group Inc’s recent filing unveils that its Director Hayek Matthew J acquired Company’s shares for reported $50000.0 on Sep 30 ’24. In the deal valued at $25.00 per share,2,000 shares were bought. As a result of this transaction, Hayek Matthew J now holds 11,293 shares worth roughly $0.34 million.

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Then, GREEFF DOUGLAS H bought 4,000 shares, generating $100,000 in total proceeds. Upon buying the shares at $25.00, the Director now owns 13,891 shares.

Before that, Sims Gary L bought 2,000 shares. MidWestOne Financial Group Inc shares valued at $50,000 were divested by the SVP & Chief Credit Officer at a price of $25.00 per share. As a result of the transaction, Sims Gary L now holds 15,378 shares, worth roughly $0.46 million.

Keefe Bruyette upgraded its MidWestOne Financial Group Inc [MOFG] rating to an Outperform from a a Mkt perform in a research note published on December 17, 2024; the price target was increased to $39 from $34. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Market perform”‘ rating for it.

Price Performance Review of MOFG

On Friday, MidWestOne Financial Group Inc [NASDAQ:MOFG] saw its stock jump 0.91% to $30.10. Over the last five days, the stock has lost -7.18%. MidWestOne Financial Group Inc shares have risen nearly 11.85% since the year began. Nevertheless, the stocks have risen 12.95% over the past one year. While a 52-week high of $34.56 was reached on 11/25/24, a 52-week low of $19.43 was recorded on 04/19/24. SMA at 50 days reached $31.27, while 200 days put it at $25.96.

Levels Of Support And Resistance For MOFG Stock

The 24-hour chart illustrates a support level at 28.56, which if violated will result in even more drops to 27.02. On the upside, there is a resistance level at 31.05. A further resistance level may holdings at 32.00. The Relative Strength Index (RSI) on the 14-day chart is 36.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.42%. Stochastics %K at 15.27% indicates the stock is a buying.

How much short interest is there in MidWestOne Financial Group Inc?

A steep rise in short interest was recorded in MidWestOne Financial Group Inc stocks on 2024-11-29, dropping by 3402.0 shares to a total of 60420.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 63822.0 shares. There was a decline of -5.63%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 12, 2023 when Hovde Group began covering the stock and recommended ‘”an Outperform”‘ rating .

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