Log in

NASDAQ:MOFGMidWestOne Financial Group Stock Price, Forecast & News

$19.19
-0.36 (-1.84 %)
(As of 05/29/2020 04:00 PM ET)
Add
Compare
Today's Range
$18.64
Now: $19.19
$19.74
50-Day Range
$16.39
MA: $19.04
$22.20
52-Week Range
$15.25
Now: $19.19
$39.03
Volume41,102 shs
Average Volume49,474 shs
Market Capitalization$308.77 million
P/E Ratio8.76
Dividend Yield4.59%
Beta1.07
MidWestOne Financial Group, Inc. is a bank holding company. It operates through the following subsidiaries: MidWestOne Bank and MidWestOne Insurance Services, Inc. The MidWestOne Bank provides retail banking services, which include deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits. The MidWestOne Insurance Services, Inc. provides personal and business insurance services in Iowa. The firm offers commercial and industrial, agricultural, real estate mortgage and consumer loans. Its other products and services include debit cards, automated teller machines, on-line banking, mobile banking and safe deposit boxes. The company has a trust and investment department through which it offers a variety of trust and investment services, including administering estates, personal trusts, conservatorships, pension and profit-sharing funds and providing property management, farm management, custodial, financial planning, investment management and retail brokerage services. MidWestOne Financial Group was founded in 1934 and is headquartered in Iowa City, IA.
Read More
MidWestOne Financial Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.28 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:MOFG
CUSIP59851110
Phone319-356-5800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$213.69 million
Cash Flow$3.30 per share
Book Value$31.11 per share

Profitability

Net Income$43.63 million

Miscellaneous

Employees597
Market Cap$308.77 million
Next Earnings Date7/23/2020 (Estimated)
OptionableNot Optionable

Receive MOFG News and Ratings via Email

Sign-up to receive the latest news and ratings for MOFG and its competitors with MarketBeat's FREE daily newsletter.

MidWestOne Financial Group (NASDAQ:MOFG) Frequently Asked Questions

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

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 (WHO). Since then, MOFG stock has decreased by 20.1% and is now trading at $19.19. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is MidWestOne Financial Group's next earnings date?

MidWestOne Financial Group is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for MidWestOne Financial Group.

How were MidWestOne Financial Group's earnings last quarter?

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) issued its quarterly earnings results on Thursday, April, 30th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.76. The financial services provider earned $47.56 million during the quarter, compared to the consensus estimate of $46.71 million. MidWestOne Financial Group had a return on equity of 8.24% and a net margin of 14.79%. View MidWestOne Financial Group's earnings history.

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 Wednesday, April 29th. Stockholders of record on Monday, June 1st will be given a dividend of $0.22 per share on Monday, June 15th. This represents a $0.88 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Friday, May 29th. View MidWestOne Financial Group's dividend history.

What price target have analysts set for MOFG?

1 analysts have issued 1-year target prices for MidWestOne Financial Group's shares. Their forecasts range from $23.00 to $23.00. On average, they anticipate MidWestOne Financial Group's share price to reach $23.00 in the next year. This suggests a possible upside of 19.9% from the stock's current price. View analysts' price targets for MidWestOne Financial Group.

Has MidWestOne Financial Group been receiving favorable news coverage?

News articles about MOFG stock have been trending positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. MidWestOne Financial Group earned a coverage optimism score of 2.8 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutMidWestOne Financial Group.

Are investors shorting MidWestOne Financial Group?

MidWestOne Financial Group saw a decrease in short interest in May. As of May 15th, there was short interest totaling 62,900 shares, a decrease of 24.4% from the April 30th total of 83,200 shares. Based on an average daily trading volume, of 44,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.4% of the company's stock are short sold. View MidWestOne Financial Group's Current Options Chain.

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 (ATH), Allergan (AGN), Honeywell International (HON), Micron Technology (MU) and Starbucks (SBUX).

Who are MidWestOne Financial Group's key executives?

MidWestOne Financial Group's management team includes the following people:
  • Charles N. Funk, President, Chief Executive Officer & Director
  • Kevin E. Kramer, Chief Operating Officer
  • Barry S. Ray, Chief Financial Officer & Senior Vice President
  • Kurt R. Weise, Director & Executive Vice President
  • Gary L. Sims, Senior Vice President & Chief Credit Officer

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 retail and institutional investors. Top institutional shareholders include MidWestOne Financial Group Inc. (25.19%), BlackRock Inc. (5.32%), Thrivent Financial for Lutherans (1.80%), State Street Corp (1.57%), The Manufacturers Life Insurance Company (1.23%) and Geode Capital Management LLC (1.13%). 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, Matthew J Hayek, Nathaniel J Kaeding, Richard J Hartig and Richard R Donohue. 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 MidWestOne Financial Group Inc., Banc Funds Co. LLC, Morgan Stanley, John W. Rosenthal Capital Management Inc., EJF Capital LLC, The Manufacturers Life Insurance Company , UBS Group AG, and Russell Investments Group Ltd.. Company insiders that have sold MidWestOne Financial Group company stock in the last year include Kevin E Kramer, and Kurt R Weise. View insider buying and selling activity for MidWestOne Financial Group.

Which major investors are buying MidWestOne Financial Group stock?

MOFG stock was bought by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Wedge Capital Management L L P NC, BlackRock Inc., Bowling Portfolio Management LLC, Hillsdale Investment Management Inc., Martingale Asset Management L P, State Street Corp, and AQR Capital Management LLC. 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, Matthew J Hayek, Nathaniel J Kaeding, Richard J Hartig, and Richard R Donohue. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is MidWestOne Financial Group's stock price today?

One share of MOFG stock can currently be purchased for approximately $19.19.

How big of a company is MidWestOne Financial Group?

MidWestOne Financial Group has a market capitalization of $308.77 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. MidWestOne Financial Group employs 597 workers across the globe.

What is MidWestOne Financial Group's official website?

The official website for MidWestOne Financial Group is 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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.