MidWestOne Financial Group, Inc. (NASDAQ:MOFG – Get Rating) – Research analysts at DA Davidson boosted their FY2022 earnings per share estimates for shares of MidWestOne Financial Group in a research note issued on Tuesday, May 3rd. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $3.80 per share for the year, up from their previous estimate of $3.61. DA Davidson also issued estimates for MidWestOne Financial Group’s FY2023 earnings at $3.90 EPS.
A number of other research firms have also recently issued reports on MOFG. Zacks Investment Research upgraded MidWestOne Financial Group from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, January 5th. StockNews.com raised MidWestOne Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th.
MidWestOne Financial Group (NASDAQ:MOFG – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The financial services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. MidWestOne Financial Group had a net margin of 28.49% and a return on equity of 11.66%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in MidWestOne Financial Group during the 3rd quarter valued at about $308,000. Barclays PLC boosted its stake in shares of MidWestOne Financial Group by 3.9% during the third quarter. Barclays PLC now owns 31,952 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 1,212 shares during the period. IndexIQ Advisors LLC grew its holdings in shares of MidWestOne Financial Group by 11.1% in the third quarter. IndexIQ Advisors LLC now owns 14,517 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 1,454 shares during the last quarter. BOKF NA purchased a new position in shares of MidWestOne Financial Group in the third quarter worth $252,000. Finally, American Century Companies Inc. grew its holdings in MidWestOne Financial Group by 15.0% in the 3rd quarter. American Century Companies Inc. now owns 35,553 shares of the financial services provider’s stock worth $1,072,000 after acquiring an additional 4,648 shares during the last quarter. 65.04% of the stock is owned by institutional investors.
MidWestOne Financial Group Company Profile (Get Rating)
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 deposit products, such as noninterest bearing and interest-bearing demand deposit accounts, interest checking accounts, savings accounts, money market accounts, certificates of deposit, and time deposits.
- Get a free copy of the StockNews.com research report on MidWestOne Financial Group (MOFG)
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