Have Insiders Sold MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Shares Recently?

Investors may wish to note that the Director of MidWestOne Financial Group, Inc., Kurt Weise, recently netted US$58k from selling stock, receiving an average price of US$28.76. However we note that the sale only shrunk their holding by 7.6%.

See our latest analysis for MidWestOne Financial Group

The Last 12 Months Of Insider Transactions At MidWestOne Financial Group

In fact, the recent sale by Kurt Weise was the biggest sale of MidWestOne Financial Group shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$28.62. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Happily, we note that in the last year insiders paid US$197k for 9.11k shares. But they sold 2.00k shares for US$58k. Overall, MidWestOne Financial Group insiders were net buyers during the last year. Their average price was about US$21.66. To my mind it is good that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

MidWestOne Financial Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of MidWestOne Financial Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that MidWestOne Financial Group insiders own 8.1% of the company, worth about US$39m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About MidWestOne Financial Group Insiders?

An insider sold MidWestOne Financial Group shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. It's good to see insiders are shareholders. So we're not overly bothered by recent selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that MidWestOne Financial Group has 4 warning signs and it would be unwise to ignore them.

Of course MidWestOne Financial Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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