MidWestOne Financial Group CEO & Director Acquires 12% More Stock

Potential MidWestOne Financial Group, Inc. (NASDAQ:MOFG) shareholders may wish to note that the CEO & Director, Charles Reeves, recently bought US$175k worth of stock, paying US$25.00 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 12%.

See our latest analysis for MidWestOne Financial Group

The Last 12 Months Of Insider Transactions At MidWestOne Financial Group

In fact, the recent purchase by Charles Reeves was the biggest purchase of MidWestOne Financial Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$27.13. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for MidWestOne Financial Group share holders is that insiders were buying at near the current price.

In the last twelve months insiders purchased 38.30k shares for US$930k. On the other hand they divested 17.67k shares, for US$377k. In total, MidWestOne Financial Group insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 7.1% of MidWestOne Financial Group shares, 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.

What Might The Insider Transactions At MidWestOne Financial Group Tell Us?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in MidWestOne Financial Group shares, given these transactions (along with notable insider ownership of the company). While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 1 warning sign for MidWestOne Financial Group you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.