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

Company Overview

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.

Key Stats

• Today's Range: $28.69 to $29.65
• 50-Day Range: $24.39 to $29.87
• 52-Week Range: $19.19 to $30.51
• Volume: 124,789 shs
• Average Volume: 36,718 shs
• Market Capitalization: $455.00 million
• P/E Ratio: 20.06
• Dividend Yield: 3.36%
• Price Target: $26.38
• Consensus Rating: Hold

MidWestOne Financial Group Stock Analysis - MarketRank™

MidWestOne Financial Group scored higher than 75% of companies evaluated by MarketBeat, and ranked 10th out of 35 stocks in the financial services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

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 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 23.61%

Earnings Growth

Earnings for MidWestOne Financial Group are expected to grow by 23.61% in the coming year, from $2.16 to $2.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MidWestOne Financial Group is 20.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of MidWestOne Financial Group is 20.06, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 425.80.

Price to Book Value per Share Ratio

MidWestOne Financial Group has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.43% 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 1.5, 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 increased by 11.31%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

MidWestOne Financial Group pays a meaningful dividend of 3.31%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

MidWestOne Financial Group has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of MidWestOne Financial Group is 67.36%. 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 36.33% next year. This indicates that MidWestOne Financial Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.43% 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 1.5, 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 increased by 11.31%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.19

News Sentiment

MidWestOne Financial Group has a news sentiment score of 1.19. 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 higher news sentiment than the 0.50 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for MidWestOne Financial Group this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MidWestOne Financial Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.80% 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.

MOFG Stock Analysis - Frequently Asked Questions

How have MOFG shares performed this year?

MidWestOne Financial Group's stock was trading at $26.91 on January 1st, 2024. Since then, MOFG shares have increased by 7.3% and is now trading at $28.88.
View the best growth stocks for 2024 here.

How were MidWestOne Financial Group's earnings last quarter?

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) released its quarterly earnings results on Thursday, July, 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.02. The financial services provider had revenue of $57.90 million for the quarter, compared to analysts' expectations of $45.75 million. MidWestOne Financial Group had a net margin of 9.79% and a trailing twelve-month return on equity of 5.27%.

Who are MidWestOne Financial Group's major shareholders?

Top institutional investors of MidWestOne Financial Group include MidWestOne Financial Group Inc. (26.64%), Dimensional Fund Advisors LP (4.49%), The Manufacturers Life Insurance Company (2.25%) and LSV Asset Management (0.96%). Insiders that own company stock include Charles N Reeves, Len D Devaisher, Larry D Albert, Janet E Godwin, Ruth Eliina Heinonen, Matthew J Hayek, Nathaniel J Kaeding, Jennifer Leigh Hauschildt and Charles N Funk.
View institutional ownership trends.

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.

What other stocks do shareholders of MidWestOne Financial Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Allergan (AGN).

Company Calendar

• Last Earnings: 7/25/2024
• Ex-Dividend for 9/17 Dividend: 9/03/2024
• Dividend Payable: 9/17/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 10/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Financial Services
• Industry: Banks - Regional
• 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: $26.38
• High Stock Price Target: $30.00
• Low Stock Price Target: $21.50
• Potential Upside/Downside: -11.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.44
• Trailing P/E Ratio: 20.74
• Forward P/E Ratio: 13.83
• P/E Growth: N/A
• Net Income: $20.86 million
• Net Margins: 9.79%
• Pretax Margin: 12.32%
• Return on Equity: 5.27%
• Return on Assets: 0.42%

Debt

• Debt-to-Equity Ratio: 0.21
• Current Ratio: 0.74
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $183.24 million
• Price / Sales: 2.57
• Cash Flow: $3.36 per share
• Price / Cash Flow: 8.88
• Book Value: $33.42 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 15,755,000
• Free Float: 15,314,000
• Market Cap: $470.60 million
• Optionable: Optionable
• Beta: 1.02