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

MidWestOne Financial Group (NASDAQ:MOFG) is expected to release its Q2 2025 earnings data after the market closes on Thursday, July 24th. Analysts expect MidWestOne Financial Group to post earnings of $0.77 per share and revenue of $60.60 million for the quarter.

MidWestOne Financial Group (NASDAQ:MOFG) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. The business had revenue of $57.58 million during the quarter, compared to the consensus estimate of $58.87 million. On average, analysts expect MidWestOne Financial Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MidWestOne Financial Group Stock Up 0.7%

MOFG opened at $29.80 on Thursday. The company has a 50 day moving average of $29.05 and a 200 day moving average of $29.23. The company has a market cap of $620.44 million, a PE ratio of -8.42 and a beta of 1.00. MidWestOne Financial Group has a 12 month low of $24.62 and a 12 month high of $34.56. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19.

MidWestOne Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 3.26%. The ex-dividend date was Monday, June 2nd. MidWestOne Financial Group’s payout ratio is -27.40%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of MidWestOne Financial Group from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Piper Sandler dropped their price objective on shares of MidWestOne Financial Group from $34.50 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 28th.

Hedge Funds Weigh In On MidWestOne Financial Group

A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in MidWestOne Financial Group by 16.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 531,724 shares of the financial services provider’s stock worth $15,744,000 after purchasing an additional 76,368 shares during the period. Empowered Funds LLC raised its position in MidWestOne Financial Group by 8.4% in the 1st quarter. Empowered Funds LLC now owns 68,431 shares of the financial services provider’s stock worth $2,026,000 after purchasing an additional 5,294 shares during the period. AQR Capital Management LLC raised its position in MidWestOne Financial Group by 242.2% in the 1st quarter. AQR Capital Management LLC now owns 40,228 shares of the financial services provider’s stock worth $1,191,000 after purchasing an additional 28,473 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in MidWestOne Financial Group by 8.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,382 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 841 shares during the period. Hedge funds and other institutional investors own 65.42% of the company’s stock.

About MidWestOne Financial Group

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.