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MidWestOne Financial Group Stock Forecast, Price & News

$29.60
-0.23 (-0.77%)
(As of 06/29/2022 04:00 PM ET)
Add
Compare
Today's Range
$29.39
$29.75
50-Day Range
$28.21
$32.44
52-Week Range
$27.08
$34.65
Volume
15,510 shs
Average Volume
31,198 shs
Market Capitalization
$464.13 million
P/E Ratio
7.59
Dividend Yield
3.18%
Price Target
N/A
30 days | 90 days | 365 days | Advanced Chart

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MOFG Stock Forecast (MarketRank)

Overall MarketRank

2.41 out of 5 stars

Finance Sector

552nd out of 1,394 stocks

State Commercial Banks Industry

128th out of 243 stocks

Analyst Opinion: 0.0Community Rank: 3.7Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
MidWestOne Financial Group logo

About MidWestOne Financial Group (NASDAQ:MOFG)

MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. It offers deposit products, such as noninterest bearing and interest-bearing demand deposit accounts, interest checking accounts, savings accounts, money market accounts, certificates of deposit, and time deposits. The company also provides commercial and industrial, commercial and residential real estate, agricultural, and credit card loans, as well as consumer loans, such as secured and unsecured personal, and automobile loans. In addition, it offers various trust and investment services, including administering estates, personal trusts, and conservatorships, as well as property management, farm management, investment advisory, retail securities brokerage, and financial planning and custodial services, as well as investment-related services, including securities trading, mutual funds sales, fixed and variable annuities, tax-exempted, and conventional unit trusts. Further, the company provides other products and services comprising treasury management, debit cards, automated teller machines, online and mobile banking, and safe deposit boxes. It offers its products and services primarily through a network of 56 banking offices located in central and eastern Iowa, the Minneapolis/St. Paul metropolitan area of Minnesota, southwestern Wisconsin, southwestern Florida, and Denver, Colorado. MidWestOne Financial Group, Inc. was incorporated in 1983 and is headquartered in Iowa City, Iowa.

MOFG Stock News Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:MOFG
CUSIP
598511103
Employees
731
Year Founded
N/A

Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Today
6/29/2022
Next Earnings (Estimated)
7/28/2022
Fiscal Year End
12/31/2022

Profitability

Net Income
$69.49 million
Pretax Margin
36.62%

Debt

Sales & Book Value

Annual Sales
$219.22 million
Cash Flow
$4.47 per share
Book Value
$33.62 per share

Miscellaneous

Free Float
15,272,000
Market Cap
$464.13 million
Optionable
Not Optionable
Beta
0.96














MidWestOne Financial Group Frequently Asked Questions

How has MidWestOne Financial Group's stock price performed in 2022?

MidWestOne Financial Group's stock was trading at $32.37 at the start of the year. Since then, MOFG stock has decreased by 8.6% and is now trading at $29.60.
View the best growth stocks for 2022 here
.

When is MidWestOne Financial Group's next earnings date?

MidWestOne Financial Group is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for MidWestOne Financial Group
.

How were MidWestOne Financial Group's earnings last quarter?

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) posted its quarterly earnings data on Thursday, April, 28th. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. The financial services provider earned $48.98 million during the quarter, compared to the consensus estimate of $47.20 million. MidWestOne Financial Group had a trailing twelve-month return on equity of 11.80% and a net margin of 28.49%.
View MidWestOne Financial Group's earnings history
.

How often does MidWestOne Financial Group pay dividends? What is the dividend yield for MidWestOne Financial Group?

MidWestOne Financial Group announced a quarterly dividend on Wednesday, May 4th. Shareholders of record on Wednesday, June 1st will be given a dividend of $0.2375 per share on Wednesday, June 15th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Tuesday, May 31st. This is a positive change from MidWestOne Financial Group's previous quarterly dividend of $0.24.
View MidWestOne Financial Group's dividend history
.

Is MidWestOne Financial Group a good dividend stock?

MidWestOne Financial Group(NASDAQ:MOFG) pays an annual dividend of $0.95 per share and currently has a dividend yield of 3.18%. MidWestOne Financial Group has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of MidWestOne Financial Group is 24.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MidWestOne Financial Group will have a dividend payout ratio of 24.87% next year. This indicates that MidWestOne Financial Group will be able to sustain or increase its dividend.
View MidWestOne Financial Group's dividend history.

Who are MidWestOne Financial Group's key executives?

MidWestOne Financial Group's management team includes the following people:
  • Mr. Charles N. Funk, CEO & Director (Age 68, Pay $906.26k) (LinkedIn Profile)
  • Mr. Len D. Devaisher, Pres & COO (Age 44, Pay $653.39k) (LinkedIn Profile)
  • Mr. Barry S. Ray, CFO & Sr. Exec. VP (Age 50, Pay $503.3k)
  • Mr. James M. Cantrell, Chief Investment Officer, Sr. Exec. VP & Treasurer (Age 62, Pay $384.95k)
  • Mr. David E. Lindstrom, Exec. VP of Retail Banking (Age 55, Pay $390.61k)
  • Mr. Gary L. Sims, Sr. VP & Chief Credit Officer (Age 59, Pay $396.23k)
  • Mr. Gregory W. Turner, Exec. VP of Wealth Management & Corp. Communications (Age 50)
  • Mr. Joe Van Haselen, Regional Pres of Denver Area
  • Kevin Conroy, Sr. VP of The Denver Market
  • Ms. Susan M. Moore, Sr. VP & Chief Risk Officer

What is Charles N. Funk's approval rating as MidWestOne Financial Group's CEO?

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

What other stocks do shareholders of MidWestOne Financial Group own?

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

What is MidWestOne Financial Group's stock symbol?

MidWestOne Financial Group trades on the NASDAQ under the ticker symbol "MOFG."

Who are MidWestOne Financial Group's major shareholders?

MidWestOne Financial Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include MidWestOne Financial Group Inc. (27.87%), BlackRock Inc. (6.75%), Dimensional Fund Advisors LP (3.74%), Vanguard Group Inc. (3.71%), The Manufacturers Life Insurance Company (2.99%) and State Street Corp (1.87%). Company insiders that own MidWestOne Financial Group stock include Charles N Funk, Charles N Funk, Douglas H Greeff, Douglas K True, Janet E Godwin, Jennifer Leigh Hauschildt, Kurt R Weise, Kurt R Weise, Len D Devaisher, Len D Devaisher, Matthew J Hayek, Matthew J Hayek, Nathaniel J Kaeding and Richard J Hartig.
View institutional ownership trends for MidWestOne Financial Group
.

Which institutional investors are selling MidWestOne Financial Group stock?

MOFG stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Royce & Associates LP, Sei Investments Co., Invesco Ltd., Metropolitan Life Insurance Co NY, Renaissance Technologies LLC, Northern Trust Corp, and Bank of America Corp DE.
View insider buying and selling activity for MidWestOne Financial Group
or view top insider-selling stocks.

Which institutional investors are buying MidWestOne Financial Group stock?

MOFG stock was purchased by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Elizabeth Park Capital Advisors Ltd., BlackRock Inc., FJ Capital Management LLC, Dimensional Fund Advisors LP, American Century Companies Inc., BHZ Capital Management LP, and State Street Corp. Company insiders that have bought MidWestOne Financial Group stock in the last two years include Charles N Funk, Douglas K True, Jennifer Leigh Hauschildt, Len D Devaisher, and Matthew J Hayek.
View insider buying and selling activity for MidWestOne Financial Group
or or view top insider-buying stocks.

How do I buy shares of MidWestOne Financial Group?

Shares of MOFG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MidWestOne Financial Group's stock price today?

One share of MOFG stock can currently be purchased for approximately $29.60.

How much money does MidWestOne Financial Group make?

MidWestOne Financial Group (NASDAQ:MOFG) has a market capitalization of $464.13 million and generates $219.22 million in revenue each year. The financial services provider earns $69.49 million in net income (profit) each year or $3.90 on an earnings per share basis.

How many employees does MidWestOne Financial Group have?

MidWestOne Financial Group employs 731 workers across the globe.

How can I contact MidWestOne Financial Group?

MidWestOne Financial Group's mailing address is 102 SOUTH CLINTON ST., IOWA CITY IA, 52240. The official website for MidWestOne Financial Group is www.midwestonefinancial.com. The financial services provider can be reached via phone at (319) 688-3938, via email at [email protected], or via fax at 319-356-5849.

This page (NASDAQ:MOFG) was last updated on 6/29/2022 by MarketBeat.com Staff

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