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NASDAQ:MOFG

MidWestOne Financial Group Stock Forecast, Price & News

$29.73
+1.01 (+3.52 %)
(As of 02/24/2021 12:00 AM ET)
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Compare
Today's Range
$28.57
Now: $29.73
$29.75
50-Day Range
$24.59
MA: $26.87
$28.72
52-Week Range
$15.25
Now: $29.73
$33.07
Volume70,225 shs
Average Volume39,251 shs
Market Capitalization$478.53 million
P/E Ratio141.58
Dividend Yield3.06%
Beta1.05
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 non-interest-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 residential real estate, commercial and industrial, agricultural, consumer, and credit card 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, financial planning, securities trading, mutual funds sales, fixed and variable annuities and tax-exempt, conventional unit trusts, and custodial services. Further, the company provides other products and services comprising treasury management, debit cards, automated teller machines, online banking, mobile banking, and safe deposit boxes. It offers its products and services primarily through a network of full-service branches, including 34 branches located throughout central and eastern Iowa; 13 branches located in the Minneapolis-St. Paul metropolitan area of Minnesota; seven branches in western Wisconsin; one branch in each of Naples and Fort Myers, Florida; and one branch in Denver, Colorado. MidWestOne Financial Group, Inc. was incorporated in 1983 and is headquartered in Iowa City, Iowa.
MidWestOne Financial Group logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:MOFG
CUSIP59851110
Phone319-356-5800
Employees771
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$213.69 million
Cash Flow$3.68 per share
Book Value$31.50 per share

Profitability

Net Income$43.63 million

Miscellaneous

Market Cap$478.53 million
Next Earnings Date4/29/2021 (Estimated)
OptionableNot Optionable

MarketRank

Overall MarketRank

1.82 out of 5 stars

Finance Sector

354th out of 1,937 stocks

State Commercial Banks Industry

73rd out of 310 stocks

Analyst Opinion: 1.3Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
$29.73
+1.01 (+3.52 %)
(As of 02/24/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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MidWestOne Financial Group (NASDAQ:MOFG) Frequently Asked Questions

Is MidWestOne Financial Group a buy right now?

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

What stocks does MarketBeat like better than MidWestOne Financial Group?

Wall Street analysts have given MidWestOne Financial Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MidWestOne Financial Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is MidWestOne Financial Group's next earnings date?

MidWestOne Financial Group is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for MidWestOne Financial Group
.

How were MidWestOne Financial Group's earnings last quarter?

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) released its earnings results on Thursday, January, 28th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.37. MidWestOne Financial Group had a net margin of 1.45% and a trailing twelve-month return on equity of 7.33%.
View MidWestOne Financial Group's earnings history
.

How has MidWestOne Financial Group's stock price been impacted by Coronavirus (COVID-19)?

MidWestOne Financial Group's stock was trading at $24.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MOFG stock has increased by 23.8% and is now trading at $29.73.
View which stocks have been most impacted by COVID-19
.

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, January 28th. Investors of record on Monday, March 1st will be given a dividend of $0.225 per share on Monday, March 15th. This represents a $0.90 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Friday, February 26th. This is a boost from MidWestOne Financial Group's previous quarterly dividend of $0.22.
View MidWestOne Financial Group's dividend history
.

Is MidWestOne Financial Group a good dividend stock?

MidWestOne Financial Group pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.06%. MidWestOne Financial Group does not yet have a strock track record of dividend growth. The dividend payout ratio of MidWestOne Financial Group is 25.88%. 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 37.93% next year. This indicates that MidWestOne Financial Group will be able to sustain or increase its dividend.
View MidWestOne Financial Group's dividend history.

What price target have analysts set for MOFG?

2 analysts have issued 1-year target prices for MidWestOne Financial Group's stock. Their forecasts range from $22.00 to $22.50. On average, they expect MidWestOne Financial Group's stock price to reach $22.25 in the next year. This suggests that the stock has a possible downside of 25.2%.
View analysts' price targets for MidWestOne Financial Group
or view top-rated stocks among Wall Street analysts.

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 67, Pay $802.48k)
  • Mr. Barry S. Ray, CFO & Sr. Exec. VP (Age 49, Pay $499.7k)
  • Mr. James M. Cantrell, Chief Investment Officer, Sr. Exec. VP & Treasurer (Age 61, Pay $334.66k)
  • Mr. Gregory W. Turner, VP of Wealth Management & Corp. Communications (Age 49, Pay $330.92k)
  • Mr. Len D. Devaisher, Pres & COO
  • Mr. John Henk, Sr. VP & Chief Information Officer
  • Ms. Peggy L. Hudson, Sr. VP & Chief Marketing Officer
  • Ms. Sondra J. Harney, VP & Chief HR Officer
  • Mr. Joe Van Haselen, Regional Pres of Denver Area
  • Kevin Conroy, Sr. VP of The Denver Market

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.

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

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 Co. (ATH.TO) (ATH), Allergan (AGN), Honeywell International (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 many different institutional and retail investors. Top institutional investors include MidWestOne Financial Group Inc. (28.31%), BlackRock Inc. (6.78%), The Manufacturers Life Insurance Company (1.60%), Northern Trust Corp (1.01%), Royce & Associates LP (1.01%) and Bank of New York Mellon Corp (0.60%). Company insiders that own MidWestOne Financial Group stock include Charles N Funk, Douglas H Greeff, Douglas K True, Janet E Godwin, Kevin E Kramer, Kurt R Weise, Len D Devaisher, Matthew J Hayek, Nathaniel J Kaeding and Richard J Hartig.
View institutional ownership trends for MidWestOne Financial Group
.

Which major investors are selling MidWestOne Financial Group stock?

MOFG stock was sold by a variety of institutional investors in the last quarter, including FJ Capital Management LLC, Renaissance Technologies LLC, Assenagon Asset Management S.A., Northern Trust Corp, Alliancebernstein L.P., Aperio Group LLC, and Bank of New York Mellon Corp.
View insider buying and selling activity for MidWestOne Financial Group
or view top insider-selling stocks.

Which major investors are buying MidWestOne Financial Group stock?

MOFG stock was bought by a variety of institutional investors in the last quarter, including MidWestOne Financial Group Inc., Royce & Associates LP, The Manufacturers Life Insurance Company , rhino investment partners Inc, BlackRock Inc., JPMorgan Chase & Co., Trexquant Investment LP, and Credit Suisse AG. Company insiders that have bought MidWestOne Financial Group stock in the last two years include Charles N Funk, Douglas H Greeff, Douglas K True, Janet E Godwin, Len D Devaisher, Matthew J Hayek, Nathaniel J Kaeding, and Richard J Hartig.
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 $29.73.

How much money does MidWestOne Financial Group make?

MidWestOne Financial Group has a market capitalization of $478.53 million and generates $213.69 million in revenue each year. The financial services provider earns $43.63 million in net income (profit) each year or $3.40 on an earnings per share basis.

How many employees does MidWestOne Financial Group have?

MidWestOne Financial Group employs 771 workers across the globe.

What is MidWestOne Financial Group's official website?

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

Where are MidWestOne Financial Group's headquarters?

MidWestOne Financial Group is headquartered at 102 SOUTH CLINTON ST., IOWA CITY IA, 52240.

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]


This page was last updated on 2/24/2021 by MarketBeat.com Staff

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