NASDAQ:MOFG - MidWestOne Financial Group Stock Price, News, & Analysis

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$25.18 -0.43 (-1.68 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$25.18
Today's Range$24.30 - $25.57
52-Week Range$25.51 - $36.03
Volume23,154 shs
Average Volume19,735 shs
Market Capitalization$313.01 million
P/E Ratio13.91
Dividend Yield3.05%
Beta0.98
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, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It offers deposit products, such as checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits. The company also provides commercial and industrial loans, agricultural loans, commercial and residential real estate loans, and consumer loans. In addition, it offers other products and services comprising debit cards, automated teller machines, online banking, mobile banking, and safe deposit boxes. Further, the company provides various trust and investment services, including administering estates, personal trusts, and conservatorships, as well as property management, farm management, custodial, financial planning, investment management, and retail brokerage services. Additionally, it offers property and casualty insurance products to individuals and small businesses. The company operates a total of 44 banking offices. MidWestOne Financial Group, Inc. was incorporated in 1983 and is headquartered in Iowa City, Iowa.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:MOFG
Previous Symbol
CUSIP59851110
Phone319-356-5800

Debt

Debt-to-Equity Ratio0.50
Current Ratio0.89
Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio13.91
Forward P/E Ratio9.95
P/E Growth1.27

Sales & Book Value

Annual Sales$141.69 million
Price / Sales2.17
Cash Flow$2.4399 per share
Price / Cash Flow10.32
Book Value$27.85 per share
Price / Book0.90

Profitability

EPS (Most Recent Fiscal Year)$1.81
Net Income$18.69 million
Net Margins14.22%
Return on Equity7.33%
Return on Assets0.78%

Miscellaneous

Employees610
Outstanding Shares12,220,000
Market Cap$313.01 million
OptionableNot Optionable

MidWestOne Financial Group (NASDAQ:MOFG) Frequently Asked Questions

What is MidWestOne Financial Group's stock symbol?

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

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 Thursday, October 18th. Stockholders of record on Saturday, December 1st will be paid a dividend of $0.195 per share on Monday, December 17th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, November 29th. View MidWestOne Financial Group's Dividend History.

How were MidWestOne Financial Group's earnings last quarter?

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) issued its quarterly earnings data on Thursday, October, 25th. The financial services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.07. The financial services provider had revenue of $32.35 million for the quarter, compared to analysts' expectations of $32.53 million. MidWestOne Financial Group had a return on equity of 7.33% and a net margin of 14.22%. View MidWestOne Financial Group's Earnings History.

When is MidWestOne Financial Group's next earnings date?

MidWestOne Financial Group is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for MidWestOne Financial Group.

What price target have analysts set for MOFG?

1 brokerages have issued 1-year price targets for MidWestOne Financial Group's shares. Their forecasts range from $37.00 to $37.00. On average, they expect MidWestOne Financial Group's share price to reach $37.00 in the next twelve months. This suggests a possible upside of 46.9% from the stock's current price. View Analyst Price Targets for MidWestOne Financial Group.

What is the consensus analysts' recommendation for MidWestOne Financial Group?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MidWestOne Financial Group in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MidWestOne Financial Group.

Has MidWestOne Financial Group been receiving favorable news coverage?

News stories about MOFG stock have trended somewhat positive on Saturday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MidWestOne Financial Group earned a daily sentiment score of 1.0 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Who are some of MidWestOne Financial Group's key competitors?

Who are MidWestOne Financial Group's key executives?

MidWestOne Financial Group's management team includes the folowing people:
  • Mr. Charles N. Funk, Pres, CEO & Director (Age 64)
  • Mr. Kevin E. Kramer, Chief Operating Officer (Age 51)
  • Mr. James M. Cantrell, Chief Investment Officer, VP & Treasurer (Age 58)
  • Mr. Mitchell W. Cook, Sr. Regional Pres of Minnesota & Wisconsin (Age 53)
  • Mr. Barry S. Ray, CFO, Principal Accounting Officer & Sr. VP (Age 46)

Who are MidWestOne Financial Group's major shareholders?

MidWestOne Financial Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (6.79%), BlackRock Inc. (4.70%), Vanguard Group Inc (3.90%), Dimensional Fund Advisors LP (2.92%), Thrivent Financial for Lutherans (2.14%) and Renaissance Technologies LLC (1.80%). Company insiders that own MidWestOne Financial Group stock include Charles N Funk, Douglas K True, James M Cantrell, John M Morrison, Kevin E Kramer, Kurt R Weise, Richard R Donohue, Ruth E Stanoch and Stephen L West. 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 Russell Investments Group Ltd., First Trust Advisors LP, JPMorgan Chase & Co., Prudential Financial Inc., LSV Asset Management, The Manufacturers Life Insurance Company , Thrivent Financial for Lutherans and TIAA CREF Investment Management LLC. View Insider Buying and Selling for MidWestOne Financial Group.

Which institutional investors are buying MidWestOne Financial Group stock?

MOFG stock was bought by a variety of institutional investors in the last quarter, including Royce & Associates LP, Hillsdale Investment Management Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC, Bailard Inc., BlackRock Inc., Great Lakes Advisors LLC and Great Lakes Advisors LLC. Company insiders that have bought MidWestOne Financial Group stock in the last two years include Charles N Funk, Douglas K True, James M Cantrell, Kevin E Kramer, Richard R Donohue, Ruth E Stanoch and Stephen L West. View Insider Buying and Selling for MidWestOne Financial Group.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MidWestOne Financial Group's stock price today?

One share of MOFG stock can currently be purchased for approximately $25.18.

How big of a company is MidWestOne Financial Group?

MidWestOne Financial Group has a market capitalization of $313.01 million and generates $141.69 million in revenue each year. The financial services provider earns $18.69 million in net income (profit) each year or $1.81 on an earnings per share basis. MidWestOne Financial Group employs 610 workers across the globe.

What is MidWestOne Financial Group's official website?

The official website for MidWestOne Financial Group is http://www.midwestone.com.

How can I contact MidWestOne Financial Group?

MidWestOne Financial Group's mailing address is 102 SOUTH CLINTON ST., IOWA CITY IA, 52240. The financial services provider can be reached via phone at 319-356-5800 or via email at [email protected]


MarketBeat Community Rating for MidWestOne Financial Group (NASDAQ MOFG)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  125 (Vote Outperform)
Underperform Votes:  181 (Vote Underperform)
Total Votes:  306
MarketBeat's community ratings are surveys of what our community members think about MidWestOne Financial Group and other stocks. Vote "Outperform" if you believe MOFG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MOFG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/15/2018 by MarketBeat.com Staff

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