MidWestOne Financial Group (MOFG) Stock Price, News & Analysis

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MidWestOne Financial Group in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MOFG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MOFG, but not buy additional shares or sell existing shares.
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4 brokerages have issued twelve-month target prices for MidWestOne Financial Group's stock. Their MOFG share price targets range from $21.50 to $27.00. On average, they expect the company's share price to reach $24.13 in the next year. This suggests a possible upside of 13.1% from the stock's current price.
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MidWestOne Financial Group's stock was trading at $26.91 at the beginning of 2024. Since then, MOFG shares have decreased by 20.7% and is now trading at $21.34.
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MidWestOne Financial Group saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 54,300 shares, a decrease of 45.0% from the March 15th total of 98,800 shares. Based on an average daily trading volume, of 30,700 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our MOFG earnings forecast.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) released its earnings results on Sunday, October, 31st. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. The financial services provider had revenue of $49.52 million for the quarter, compared to analysts' expectations of $48.45 million. MidWestOne Financial Group had a trailing twelve-month return on equity of 5.52% and a net margin of 7.78%.

MidWestOne Financial Group announced a quarterly dividend on Thursday, April 25th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.243 per share on Monday, June 17th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Monday, June 3rd.
Read our dividend analysis for MOFG.

MidWestOne Financial Group (NASDAQ:MOFG) pays an annual dividend of $0.97 per share and currently has a dividend yield of 4.81%. MOFG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 67.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MOFG will have a dividend payout ratio of 34.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MOFG.

22 employees have rated MidWestOne Financial Group Chief Executive Officer Charles N. Funk on Glassdoor.com. Charles N. Funk has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MidWestOne Financial Group investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), NIC (EGOV), Athabasca Oil (ATH), Allergan (AGN), Micron Technology (MU) and Starbucks (SBUX).

MidWestOne Financial Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sippican Capital Advisors (0.26%) and BNP Paribas Financial Markets (0.04%). Insiders that own company stock include Charles N Funk, Charles N Funk, Charles N Reeves, Janet E Godwin, Jennifer Leigh Hauschildt, Larry D Albert, Len D Devaisher, Len D Devaisher, Matthew J Hayek, Nathaniel J Kaeding and Ruth Eliina Heinonen.
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Shares of MOFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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