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

MidWestOne Financial Group logo
$32.66 -0.29 (-0.88%)
(As of 08:58 AM ET)

About MidWestOne Financial Group Stock (NASDAQ:MOFG)

Key Stats

Today's Range
$32.66
$32.66
50-Day Range
$27.02
$33.70
52-Week Range
$19.43
$34.56
Volume
346 shs
Average Volume
49,577 shs
Market Capitalization
$678.35 million
P/E Ratio
N/A
Dividend Yield
2.97%
Price Target
$27.00
Consensus Rating
Hold

Company Overview

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.

MidWestOne Financial Group Stock Analysis - MarketRank™

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72nd Percentile Overall Score

MOFG MarketRank™: 

MidWestOne Financial Group scored higher than 72% of companies evaluated by MarketBeat, and ranked 456th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    MidWestOne Financial Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    MidWestOne Financial Group has only been the subject of 1 research reports in the past 90 days.

  • Read more about MidWestOne Financial Group's stock forecast and price target.
  • Earnings Growth

    Earnings for MidWestOne Financial Group are expected to grow by 35.65% in the coming year, from $2.30 to $3.12 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of MidWestOne Financial Group is -7.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of MidWestOne Financial Group is -7.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    MidWestOne Financial Group has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about MidWestOne Financial Group's valuation and earnings.
  • Percentage of Shares Shorted

    0.30% of the outstanding shares of MidWestOne Financial Group have been sold short.
  • Short Interest Ratio / Days to Cover

    MidWestOne Financial Group has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in MidWestOne Financial Group has recently decreased by 3.76%, indicating that investor sentiment is improving.
  • Dividend Yield

    MidWestOne Financial Group pays a meaningful dividend of 2.94%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    MidWestOne Financial Group has been increasing its dividend for 14 years.

  • Dividend Sustainability

    Based on earnings estimates, MidWestOne Financial Group will have a dividend payout ratio of 31.09% next year. This indicates that MidWestOne Financial Group will be able to sustain or increase its dividend.

  • Read more about MidWestOne Financial Group's dividend.
  • Percentage of Shares Shorted

    0.30% of the outstanding shares of MidWestOne Financial Group have been sold short.
  • Short Interest Ratio / Days to Cover

    MidWestOne Financial Group has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in MidWestOne Financial Group has recently decreased by 3.76%, indicating that investor sentiment is improving.
  • News Sentiment

    MidWestOne Financial Group has a news sentiment score of 1.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for MidWestOne Financial Group this week, compared to 2 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, MidWestOne Financial Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $235,000.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 3.20% of the stock of MidWestOne Financial Group is held by insiders.

  • Percentage Held by Institutions

    65.42% of the stock of MidWestOne Financial Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about MidWestOne Financial Group's insider trading history.
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MOFG Stock News Headlines

Election warning coming true…
If you missed it, my emergency election broadcast is now available - watch it before it's too late.
MidWestOne price target lowered to $31.50 from $33 at Piper Sandler
MidWestOne reports Q3 adjusted EPS 58c, consensus 56c
See More Headlines

MOFG Stock Analysis - Frequently Asked Questions

MidWestOne Financial Group's stock was trading at $26.91 at the beginning of 2024. Since then, MOFG shares have increased by 22.4% and is now trading at $32.95.
View the best growth stocks for 2024 here
.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) announced its earnings results on Sunday, October, 31st. The financial services provider reported $1.03 earnings per share (EPS) 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 9.79% and a trailing twelve-month return on equity of 5.13%.

MidWestOne Financial Group's top institutional shareholders include MidWestOne Financial Group Inc. (26.41%), Wellington Management Group LLP (5.08%), Jennison Associates LLC (4.93%) and The Manufacturers Life Insurance Company (2.16%). Insiders that own company stock include Charles N Reeves, Len D Devaisher, Larry D Albert, Matthew J Hayek, Janet E Godwin, Ruth Eliina Heinonen, Nathaniel J Kaeding, Jennifer Leigh Hauschildt and Charles N Funk.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that MidWestOne Financial Group investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), The RMR Group (RMR), Voyager Therapeutics (VYGR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

Last Earnings
10/31/2021
Ex-Dividend for 9/17 Dividend
9/03/2024
Dividend Payable
9/17/2024
Ex-Dividend for 12/16 Dividend
12/02/2024
Today
12/03/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/23/2025

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
$27.00
High Stock Price Target
$31.50
Low Stock Price Target
$21.50
Potential Upside/Downside
-18.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$20.86 million
Pretax Margin
-55.10%

Debt

Sales & Book Value

Annual Sales
$268.04 million
Cash Flow
$3.11 per share
Book Value
$33.42 per share

Miscellaneous

Free Float
20,110,000
Market Cap
$684.37 million
Optionable
Optionable
Beta
1.03

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This page (NASDAQ:MOFG) was last updated on 12/3/2024 by MarketBeat.com Staff
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