Should I buy or sell MidWestOne Financial Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MidWestOne Financial Group in the last year. There are currently 4 hold ratings 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 .

What is MidWestOne Financial Group's stock price target for 2024?

4 analysts have issued 1-year price targets for MidWestOne Financial Group's stock. Their MOFG share price targets range from $24.00 to $27.00. On average, they anticipate the company's stock price to reach $25.67 in the next twelve months. This suggests a possible upside of 29.8% from the stock's current price. View analysts price targets for MOFG or view top-rated stocks among Wall Street analysts .

How have MOFG shares performed in 2024?

MidWestOne Financial Group's stock was trading at $26.91 at the beginning of the year. Since then, MOFG stock has decreased by 26.5% and is now trading at $19.78. View the best growth stocks for 2024 here .

Are investors shorting MidWestOne Financial Group?

MidWestOne Financial Group saw a decrease in short interest in March. As of March 31st, there was short interest totaling 54,300 shares, a decrease of 45.0% from the March 15th total of 98,800 shares. Based on an average trading volume of 30,700 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.4% of the company's shares are short sold. View MidWestOne Financial Group's Short Interest .

When is MidWestOne Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our MOFG earnings forecast .

How can I listen to MidWestOne Financial Group's earnings call?

MidWestOne Financial Group will be holding an earnings conference call on Friday, April 26th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 226-828-7578 with passcode "561214".

How were MidWestOne Financial Group's earnings last quarter?

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) posted its earnings results on Thursday, January, 25th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The financial services provider earned $36.42 million during the quarter, compared to analyst estimates of $43.40 million. MidWestOne Financial Group had a trailing twelve-month return on equity of 7.12% and a net margin of 7.78%.

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 Tuesday, January 23rd. Stockholders of record on Friday, March 1st will be paid a dividend of $0.243 per share on Friday, March 15th. This represents a $0.97 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Thursday, February 29th. Read our dividend analysis for MOFG .

Is MidWestOne Financial Group a good dividend stock?

MidWestOne Financial Group (NASDAQ:MOFG) pays an annual dividend of $0.97 per share and currently has a dividend yield of 4.71%. 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 73.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MOFG will have a dividend payout ratio of 33.68% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MOFG .

What is Charles N. Funk's approval rating as MidWestOne Financial Group's CEO?

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.

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 Xtrackers California Municipal Bond ETF (CA) , BlackRock (BLK) , Endologix (ELGX) , Chipotle Mexican Grill (CMG) , NIC (EGOV) , Athabasca Oil (ATH) , Allergan (AGN) , Micron Technology (MU) and Starbucks (SBUX) .

How do I buy shares of MidWestOne Financial Group?

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 .

NASDAQ:MOFG

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

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$19.78

-0.27 (-1.35%)

(As of 04/17/2024 ET)

Compare

Today's Range: $19.65
▼
$20.20
50-Day Range: $19.78
▼
$24.48
52-Week Range: $17.80
▼
$27.78

Volume: 30,687 shs
Average Volume: 32,115 shs
Market Capitalization: $311.54 million

P/E Ratio: 14.98
Dividend Yield: 4.90%
Price Target: $25.67

Get MidWestOne Financial Group alerts:

MidWestOne Financial Group MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 29.8% Upside
$25.67 Price Target
Short Interest: Healthy
0.38% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.32
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
$100,013 Bought Last Quarter
Proj. Earnings Growth: 32.72%
From $2.17 to $2.88 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.87 out of 5 stars

Finance Sector

51st out of 850 stocks

State Commercial Banks Industry

15th out of 177 stocks

3.0

Analyst's Opinion

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, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
MidWestOne Financial Group has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.38% of the float of MidWestOne Financial Group has been sold short.
Short Interest Ratio / Days to Cover
MidWestOne Financial Group has a short interest ratio ("days to cover") of 1.8, 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 45.04%, indicating that investor sentiment is improving significantly.

5.0

Dividend Strength

Dividend Leadership
MidWestOne Financial Group is a leading dividend payer. It pays a dividend yield of 4.71%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
MidWestOne Financial Group has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of MidWestOne Financial Group is 73.48%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, MidWestOne Financial Group will have a dividend payout ratio of 33.68% next year. This indicates that MidWestOne Financial Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MOFG.

1.8

News and Social Media Coverage

News Sentiment
MidWestOne Financial Group has a news sentiment score of 0.32. 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 lower news sentiment than the 0.56 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for MidWestOne Financial Group this week, compared to 1 article on an average week.

3.3

Company Ownership

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 $100,013.00 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.

3.8

Earnings and Valuation

Earnings Growth
Earnings for MidWestOne Financial Group are expected to grow by 32.72% in the coming year, from $2.17 to $2.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MidWestOne Financial Group is 14.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of MidWestOne Financial Group is 14.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.72.
Price to Book Value per Share Ratio
MidWestOne Financial Group has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About MidWestOne Financial Group Stock (NASDAQ:MOFG)

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.

MOFG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MOFG Stock News Headlines

April 18, 2024 | americanbankingnews.com

MidWestOne Financial Group (MOFG) to Release Quarterly Earnings on Thursday

April 17, 2024 | morningstar.com

MidWestOne Financial Group Inc

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April 16, 2024 | finance.yahoo.com

MidWestOne Financial Group, Inc. (MOFG)

April 13, 2024 | americanbankingnews.com

Financial Comparison: MidWestOne Financial Group (NASDAQ:MOFG) & Peoples Financial (OTCMKTS:PFBX)

April 12, 2024 | globenewswire.com

MidWestOne Financial Group, Inc. Announces First Quarter 2024 Earnings Conference Call

April 11, 2024 | americanbankingnews.com

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Sees Large Decrease in Short Interest

April 11, 2024 | americanbankingnews.com

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Sees Significant Drop in Short Interest

April 18, 2024 | Crypto Swap Profits (Ad)

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April 8, 2024 | americanbankingnews.com

Analysts Set MidWestOne Financial Group, Inc. (NASDAQ:MOFG) PT at $25.00

April 7, 2024 | benzinga.com

MidWestOne Financial Gr Stock (NASDAQ:MOFG), Analyst Ratings, Price Targets, Predictions

March 13, 2024 | markets.businessinsider.com

MidWestOne Financial Group: Strategic Plan and Interest Rate Challenges Inform Hold Rating

March 13, 2024 | finance.yahoo.com

Charles Reeves Bought 9.1% More Shares In MidWestOne Financial Group

February 3, 2024 | finance.yahoo.com

MidWestOne Financial Group (NASDAQ:MOFG) Is Due To Pay A Dividend Of $0.2425

February 2, 2024 | msn.com

MidWestOne Financial Group completes acquisition of Denver Bankshares

February 2, 2024 | finance.yahoo.com

MidWestOne Financial Group, Inc. Completes Acquisition of Denver Bankshares, Inc.

January 29, 2024 | markets.businessinsider.com

KBW Sticks to Its Hold Rating for Midwestone Financial Group (MOFG)

January 28, 2024 | finance.yahoo.com

MidWestOne Financial Group Full Year 2023 Earnings: Misses Expectations

January 28, 2024 | finance.yahoo.com

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Q4 2023 Earnings Call Transcript

January 27, 2024 | markets.businessinsider.com

KBW Reaffirms Their Hold Rating on Midwestone Financial Group (MOFG)

January 26, 2024 | finanznachrichten.de

MidWestOne Bank: MidWestOne Financial Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year of 2023

January 25, 2024 | finance.yahoo.com

MidWestOne Financial Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year of 2023

January 25, 2024 | finance.yahoo.com

MidWestOne Financial Group Inc Reports Mixed Results Amid Strategic Shifts

January 24, 2024 | markets.businessinsider.com

MidWestOne Financial Group earnings preview: what to expect

January 19, 2024 | finance.yahoo.com

Huntington Bancshares (HBAN) Surpasses Q4 Earnings Estimates

December 25, 2023 | finance.yahoo.com

Investors in MidWestOne Financial Group (NASDAQ:MOFG) have unfortunately lost 12% over the last year

December 14, 2023 | finance.yahoo.com

MidWestOne (MOFG) Moves 7.9% Higher: Will This Strength Last?

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 3/15 Dividend: 2/29/2024
Dividend Payable: 3/15/2024
Today: 4/17/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:MOFG
CUSIP: 598511103
CIK: 1412665
Web: www.midwestonefinancial.com
Phone: (319) 356-5800
Fax: 319-356-5849
Employees: 732
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $25.67
High Stock Price Target: $27.00
Low Stock Price Target: $24.00
Potential Upside/Downside: +29.8%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.32
Trailing P/E Ratio: 14.98
Forward P/E Ratio: 9.12
P/E Growth: N/A
Net Income: $20.86 million
Net Margins: 7.78%
Pretax Margin: 9.26%
Return on Equity: 7.12%
Return on Assets: 0.56%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 0.73
Quick Ratio: 0.73

Sales & Book Value

Annual Sales: $268.04 million
Price / Sales: 1.16
Cash Flow: $2.98 per share
Price / Cash Flow: 6.64
Book Value: $33.42 per share
Price / Book: 0.59

Miscellaneous

Outstanding Shares: 15,750,000
Free Float: 15,246,000
Market Cap: $311.54 million
Optionable: Optionable
Beta: 0.95

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Key Executives

Mr. Charles N. Reeves (Age 56)
CEO & Director
Comp: $1.14M
Mr. Len D. Devaisher (Age 46)
President & COO
Comp: $559.23k
Mr. Barry S. Ray (Age 52)
CFO & Senior Executive VP
Comp: $447.55k
Mr. David E. Lindstrom (Age 57)
Executive Vice President of Consumer Banking
Comp: $328.28k
Mr. Gary L. Sims (Age 61)
Senior VP & Chief Credit Officer
Comp: $345.06k
Mr. John J. Ruppel (Age 38)
Chief Accounting Officer
Mr. Timothy M. Heth (Age 54)
VP & Chief Human Resources Officer
Ms. Susan M. Moore (Age 45)
Senior VP & Chief Risk Officer
Mr. Chase L. Stafford (Age 40)
VP & Head of Commercial Banking
Ms. Heather M. DeStefano (Age 48)
Senior VP & Director of Digital Innovation

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MOFG Stock Analysis - Frequently Asked Questions

Should I buy or sell MidWestOne Financial Group stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MidWestOne Financial Group in the last year. There are currently 4 hold ratings 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.
What is MidWestOne Financial Group's stock price target for 2024?: 4 analysts have issued 1-year price targets for MidWestOne Financial Group's stock. Their MOFG share price targets range from $24.00 to $27.00. On average, they anticipate the company's stock price to reach $25.67 in the next twelve months. This suggests a possible upside of 29.8% from the stock's current price.
View analysts price targets for MOFG or view top-rated stocks among Wall Street analysts.
How have MOFG shares performed in 2024?: MidWestOne Financial Group's stock was trading at $26.91 at the beginning of the year. Since then, MOFG stock has decreased by 26.5% and is now trading at $19.78.
View the best growth stocks for 2024 here.
Are investors shorting MidWestOne Financial Group?: MidWestOne Financial Group saw a decrease in short interest in March. As of March 31st, there was short interest totaling 54,300 shares, a decrease of 45.0% from the March 15th total of 98,800 shares. Based on an average trading volume of 30,700 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.4% of the company's shares are short sold.
View MidWestOne Financial Group's Short Interest.
When is MidWestOne Financial Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MOFG earnings forecast.
How can I listen to MidWestOne Financial Group's earnings call?: MidWestOne Financial Group will be holding an earnings conference call on Friday, April 26th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 226-828-7578 with passcode "561214".

How were MidWestOne Financial Group's earnings last quarter?: MidWestOne Financial Group, Inc. (NASDAQ:MOFG) posted its earnings results on Thursday, January, 25th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The financial services provider earned $36.42 million during the quarter, compared to analyst estimates of $43.40 million. MidWestOne Financial Group had a trailing twelve-month return on equity of 7.12% and a net margin of 7.78%.
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 Tuesday, January 23rd. Stockholders of record on Friday, March 1st will be paid a dividend of $0.243 per share on Friday, March 15th. This represents a $0.97 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for MOFG.
Is MidWestOne Financial Group a good dividend stock?: MidWestOne Financial Group (NASDAQ:MOFG) pays an annual dividend of $0.97 per share and currently has a dividend yield of 4.71%. 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 73.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MOFG will have a dividend payout ratio of 33.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MOFG.
What is Charles N. Funk's approval rating as MidWestOne Financial Group's CEO?: 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.
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 Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), NIC (EGOV), Athabasca Oil (ATH), Allergan (AGN), Micron Technology (MU) and Starbucks (SBUX).
How do I buy shares of MidWestOne Financial Group?: 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.

This page (NASDAQ:MOFG) was last updated on 4/18/2024 by MarketBeat.com Staff

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