MidWestOne Financial Group - MOFG Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MidWestOne Financial Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.

1 brokerages have issued 12-month price targets for MidWestOne Financial Group's stock. Their MOFG share price forecasts range from $34.00 to $37.00. On average, they predict the company's share price to reach $35.50 in the next year. This suggests a possible upside of 47.7% from the stock's current price.
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MidWestOne Financial Group's stock was trading at $31.75 at the beginning of the year. Since then, MOFG stock has decreased by 24.3% and is now trading at $24.03.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our MOFG earnings forecast.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) released its earnings results on Sunday, October, 31st. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.11. The financial services provider earned $49.52 million during the quarter, compared to analyst estimates of $48.45 million. MidWestOne Financial Group had a net margin of 24.90% and a trailing twelve-month return on equity of 12.43%.

MidWestOne Financial Group announced a quarterly dividend on Thursday, January 26th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.243 per share on Wednesday, March 15th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Tuesday, February 28th. This is a positive change from the stock's previous quarterly dividend of $0.24.
Read our dividend analysis for MOFG.

ETFs with the largest weight of MidWestOne Financial Group (NASDAQ:MOFG) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR), Royce Quant Small-Cap Quality Value ETF (SQLV), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and First Trust NASDAQ ABA Community Bank Index Fund (QABA).

MidWestOne Financial Group (NASDAQ:MOFG) pays an annual dividend of $0.97 per share and currently has a dividend yield of 4.09%. 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 25.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MOFG will have a dividend payout ratio of 30.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MOFG.

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.

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).

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

MidWestOne Financial Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (4.20%), The Manufacturers Life Insurance Company (2.72%), Geode Capital Management LLC (1.68%), Thrivent Financial for Lutherans (1.33%), LSV Asset Management (0.91%) and FJ Capital Management LLC (0.86%). Insiders that own company stock include Charles N Funk, Charles N Funk, Charles N Reeves, Douglas K True, Jennifer Leigh Hauschildt, Kurt R Weise, Kurt R Weise, Len D Devaisher, Len D Devaisher, Matthew J Hayek and Nathaniel J Kaeding.
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Shares of MOFG stock 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.
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One share of MOFG stock can currently be purchased for approximately $24.03.

MidWestOne Financial Group (NASDAQ:MOFG) has a market capitalization of $376.79 million and generates $244.28 million in revenue each year. The financial services provider earns $60.83 million in net income (profit) each year or $3.87 on an earnings per share basis.

The company employs 731 workers across the globe.

MidWestOne Financial Group's mailing address is 102 SOUTH CLINTON ST., IOWA CITY IA, 52240. The official website for the company is www.midwestonefinancial.com. The financial services provider can be reached via phone at (319) 356-5800, via email at gortale@midwestone.com, or via fax at 319-356-5849.