MidWestOne Financial Group (MOFG) to Release Quarterly Earnings on Wednesday

Key Points

• MidWestOne will report quarterly results after the market close on Wednesday, April 22, with analysts forecasting EPS of $0.84 and revenue of $62.855 million for the quarter.
• The stock opened at $49.31 (50-day MA $49.10, 200-day MA $41.88), has a market cap of $1.02 billion and a P/E of 17.55, trading near its 52‑week high of $49.69 and notably above the consensus average price target of $40.50.
• Analyst coverage is modestly positive-to-neutral (one Buy, four Hold, consensus Hold), and institutional investors own about 65.42% of the shares with several funds recently increasing their stakes.

MidWestOne Financial Group (NASDAQ:MOFG - Get Free Report) is expected to announce its results after the market closes on Wednesday, April 22nd. Analysts expect the company to announce earnings of $0.84 per share and revenue of $62.8550 million for the quarter.

MidWestOne Financial Group Stock Performance

MidWestOne Financial Group stock opened at $49.31 on Wednesday. The firm's fifty day moving average price is $49.10 and its 200-day moving average price is $41.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $1.02 billion, a P/E ratio of 17.55 and a beta of 1.07. MidWestOne Financial Group has a fifty-two week low of $24.62 and a fifty-two week high of $49.69.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of MidWestOne Financial Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $40.50.

Institutional Investors Weigh In On MidWestOne Financial Group

Large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in MidWestOne Financial Group by 128.3% in the 4th quarter. Quadrant Capital Group LLC now owns 710 shares of the financial services provider's stock worth $27,000 after acquiring an additional 399 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in MidWestOne Financial Group by 12,135.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,713 shares of the financial services provider's stock worth $48,000 after acquiring an additional 1,699 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of MidWestOne Financial Group by 65.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,298 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 1,299 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of MidWestOne Financial Group during the 2nd quarter valued at about $98,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of MidWestOne Financial Group by 286.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,524 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 2,613 shares in the last quarter. Institutional investors own 65.42% of the company's stock.

MidWestOne Financial Group Company Profile

MidWestOne Financial Group, Inc NASDAQ: MOFG is a registered bank holding company headquartered in West Des Moines, Iowa. Through its principal subsidiary, MidWestOne Bank, the company provides a comprehensive range of commercial and consumer banking products and services. Its commercial banking division offers business lending solutions, including commercial real estate loans, business lines of credit, equipment financing and treasury management services. For individual customers, MidWestOne delivers checking and savings accounts, home mortgage and home equity loans, and personal lending solutions.

Beyond traditional banking, MidWestOne offers trust, wealth management and insurance services through specialized teams of financial advisors.

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