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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MidWestOne Financial Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research 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.
View MOFG analyst ratings or view top-rated stocks.

1 brokers have issued 12-month target prices for MidWestOne Financial Group's stock. Their MOFG share price forecasts range from $34.00 to $37.00. On average, they anticipate the company's share price to reach $35.50 in the next year. This suggests a possible upside of 79.7% from the stock's current price.
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MidWestOne Financial Group's stock was trading at $31.75 at the start of the year. Since then, MOFG stock has decreased by 37.8% and is now trading at $19.75.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our MOFG earnings forecast.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) posted its quarterly earnings data on Sunday, October, 31st. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. The financial services provider had revenue of $49.52 million for the quarter, compared to analyst estimates of $48.45 million. MidWestOne Financial Group had a net margin of 19.65% and a trailing twelve-month return on equity of 11.91%.

MidWestOne Financial Group declared a quarterly dividend on Thursday, April 27th. Investors of record on Thursday, June 1st will be paid a dividend of $0.243 per share on Thursday, June 15th. This represents a $0.97 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for MOFG.

ETFs with the largest weight of MidWestOne Financial Group (NASDAQ:MOFG) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Royce Quant Small-Cap Quality Value ETF (SQLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA),

MidWestOne Financial Group (NASDAQ:MOFG) pays an annual dividend of $0.97 per share and currently has a dividend yield of 5.14%. 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 31.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MOFG will have a dividend payout ratio of 33.68% 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 CA (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 trades on the NASDAQ under the ticker symbol "MOFG."

MidWestOne Financial Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include MidWestOne Financial Group Inc. (27.85%), BlackRock Inc. (7.82%), Dimensional Fund Advisors LP (4.35%), Cresset Asset Management LLC (2.39%), State Street Corp (2.10%) and Geode Capital Management LLC (1.70%). Insiders that own company stock include Charles N Funk, Charles N Funk, Charles N Reeves, Douglas K True, Jennifer Leigh Hauschildt, Kurt R Weise, Kurt R Weise, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MOFG stock can currently be purchased for approximately $19.75.

MidWestOne Financial Group (NASDAQ:MOFG) has a market capitalization of $309.68 million and generates $244.28 million in revenue each year. The financial services provider earns $60.83 million in net income (profit) each year or $3.08 on an earnings per share basis.

The company employs 731 workers across the globe.

MidWestOne Financial Group's mailing address is 102 SOUTH CLINTON ST., IOWA CITY IA, 52240. The official website for the company is www.midwestonefinancial.com. The financial services provider can be reached via phone at (319) 356-5800, via email at gortale@midwestone.com, or via fax at 319-356-5849.