NASDAQ:MOFG

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

$21.05
-0.40 (-1.86%)
(As of 10:19 AM ET)
Today's Range
$21.05
$21.05
50-Day Range
$19.72
$24.48
52-Week Range
$17.80
$27.78
Volume
512 shs
Average Volume
31,116 shs
Market Capitalization
$331.54 million
P/E Ratio
15.95
Dividend Yield
4.61%
Price Target
$25.67

MidWestOne Financial Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
19.7% Upside
$25.67 Price Target
Short Interest
Healthy
0.38% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$100,013 Bought Last Quarter
Proj. Earnings Growth
32.72%
From $2.17 to $2.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Finance Sector

216th out of 859 stocks

State Commercial Banks Industry

49th out of 180 stocks

MOFG stock logo

About MidWestOne Financial Group Stock (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 range of deposit products, including noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts. The company also provides commercial, real estate, agricultural, credit card, and consumer loans; and financing arrangements, such as brokered deposits, term debt, subordinated debt, and equity. In addition, it offers trust and investment services comprising administering estates, trusts, and conservatorships; property and farm management, investment advisory, retail securities brokerage, financial planning, and custodial services; and licensed brokers services. Further, the company provides online and mobile banking, debit cards, automated teller machines, and safe deposit boxes. MidWestOne Financial Group, Inc. was founded in 1934 and is headquartered in Iowa City, Iowa.

MOFG Stock Price History

MOFG Stock News Headlines

MidWestOne Financial Group Inc
Wall Street Legend Issues New NVDA Warning
Legendary Stockpicker: "Buy this A.I. stock NOW" His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.
MidWestOne Financial Group, Inc. (MOFG)
Wall Street Legend Issues New NVDA Warning
Legendary Stockpicker: "Buy this A.I. stock NOW" His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.
KBW Sticks to Its Hold Rating for Midwestone Financial Group (MOFG)
KBW Reaffirms Their Hold Rating on Midwestone Financial Group (MOFG)
MidWestOne Financial Group earnings preview: what to expect
MidWestOne Financial Group Inc MOFG
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:MOFG
CUSIP
598511103
Employees
732
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.67
High Stock Price Target
$27.00
Low Stock Price Target
$24.00
Potential Upside/Downside
+19.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$20.86 million
Pretax Margin
9.26%

Debt

Sales & Book Value

Annual Sales
$268.04 million
Cash Flow
$3.15 per share
Book Value
$33.42 per share

Miscellaneous

Free Float
15,246,000
Market Cap
$337.84 million
Optionable
Optionable
Beta
0.95
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Key Executives

  • Mr. Charles N. Reeves (Age 56)
    CEO & Director
    Comp: $1.14M
  • Mr. Len D. DevaisherMr. Len D. Devaisher (Age 46)
    President & COO
    Comp: $559.23k
  • Mr. Barry S. Ray (Age 52)
    CFO & Senior Executive VP
    Comp: $447.55k
  • Mr. David E. Lindstrom (Age 57)
    Executive Vice President of Consumer Banking
    Comp: $328.28k
  • Mr. Gary L. Sims (Age 61)
    Senior VP & Chief Credit Officer
    Comp: $345.06k
  • Mr. John J. Ruppel (Age 38)
    Chief Accounting Officer
  • Mr. Timothy M. Heth (Age 54)
    VP & Chief Human Resources Officer
  • Ms. Susan M. Moore (Age 45)
    Senior VP & Chief Risk Officer
  • Mr. Chase L. Stafford (Age 40)
    VP & Head of Commercial Banking
  • Ms. Heather M. DeStefano (Age 48)
    Senior VP & Director of Digital Innovation

MOFG Stock Analysis - Frequently Asked Questions

Should I buy or sell MidWestOne Financial Group stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MidWestOne Financial Group in the last twelve months. There are currently 4 hold ratings 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.

What is MidWestOne Financial Group's stock price target for 2024?

4 equities research analysts have issued 12-month target prices for MidWestOne Financial Group's stock. Their MOFG share price targets range from $24.00 to $27.00. On average, they predict the company's share price to reach $25.67 in the next twelve months. This suggests a possible upside of 19.7% from the stock's current price.
View analysts price targets for MOFG
or view top-rated stocks among Wall Street analysts.

How have MOFG shares performed in 2024?

MidWestOne Financial Group's stock was trading at $26.91 at the beginning of the year. Since then, MOFG stock has decreased by 20.3% and is now trading at $21.45.
View the best growth stocks for 2024 here
.

Are investors shorting MidWestOne Financial Group?

MidWestOne Financial Group saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 54,300 shares, a drop of 45.0% from the March 15th total of 98,800 shares. Based on an average daily volume of 30,700 shares, the short-interest ratio is currently 1.8 days. Currently, 0.4% of the company's stock are short sold.
View MidWestOne Financial Group's Short Interest
.

When is MidWestOne Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MOFG earnings forecast
.

How can I listen to MidWestOne Financial Group's earnings call?

MidWestOne Financial Group will be holding an earnings conference call on Friday, April 26th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 226-828-7578 with passcode "561214".

How were MidWestOne Financial Group's earnings last quarter?

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) issued its earnings results on Sunday, October, 31st. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. The financial services provider earned $49.52 million during the quarter, compared to analysts' expectations of $48.45 million. MidWestOne Financial Group had a net margin of 7.78% and a trailing twelve-month return on equity of 7.12%.

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 Tuesday, January 23rd. Investors of record on Friday, March 1st will be given a dividend of $0.243 per share on Friday, March 15th. This represents a $0.97 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for MOFG
.

Is MidWestOne Financial Group a good dividend stock?

MidWestOne Financial Group (NASDAQ:MOFG) pays an annual dividend of $0.97 per share and currently has a dividend yield of 4.54%. 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 73.48%. 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.

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

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.

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 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).

How do I buy shares of MidWestOne Financial Group?

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.
Compare Top Brokerages Here.

This page (NASDAQ:MOFG) was last updated on 4/25/2024 by MarketBeat.com Staff

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