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

4 Wall Street research 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 research 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.

4 brokers have issued twelve-month price objectives 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 share price to reach $25.67 in the next twelve months. This suggests a possible upside of 24.6% from the stock's current price.
View analysts price targets for MOFG or view top-rated stocks among Wall Street analysts.

MidWestOne Financial Group's stock was trading at $26.91 at the beginning of 2024. Since then, MOFG shares have decreased by 23.4% and is now trading at $20.60.
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MidWestOne Financial Group saw a decline in short interest in March. As of March 31st, there was short interest totaling 54,300 shares, a decline of 45.0% from the March 15th total of 98,800 shares. Based on an average daily trading volume, of 30,700 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.4% of the shares of the stock are short sold.
View MidWestOne Financial Group's Short Interest.

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

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) released its quarterly earnings data on Thursday, January, 25th. The financial services provider reported $0.51 earnings per share 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 net margin of 7.78% and a trailing twelve-month return on equity of 7.12%.

MidWestOne Financial Group declared a quarterly dividend on Tuesday, January 23rd. Stockholders of record on Friday, March 1st will be given a dividend of $0.243 per share on Friday, March 15th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for MOFG.

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.

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 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).

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.
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