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

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.
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4 Wall Street research analysts have issued 1 year target prices for MidWestOne Financial Group's shares. Their MOFG share price targets range from $21.50 to $27.00. On average, they expect the company's stock price to reach $24.13 in the next twelve months. This suggests a possible upside of 10.3% from the stock's current price.
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MidWestOne Financial Group's stock was trading at $26.91 at the start of the year. Since then, MOFG shares have decreased by 18.7% and is now trading at $21.87.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
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MidWestOne Financial Group, Inc. (NASDAQ:MOFG) posted its earnings results on Thursday, April, 25th. The financial services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.22. The financial services provider earned $44.48 million during the quarter, compared to analyst estimates of $44.50 million. MidWestOne Financial Group had a net margin of 7.78% and a trailing twelve-month return on equity of 5.47%.

MidWestOne Financial Group declared a quarterly dividend on Thursday, April 25th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.243 per share on Monday, June 17th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Monday, June 3rd.
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 4.51%. 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 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 67.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MOFG will have a dividend payout ratio of 35.02% 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).

MidWestOne Financial Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.01%), Empowered Funds LLC (0.34%), Sippican Capital Advisors (0.26%), California State Teachers Retirement System (0.09%), BNP Paribas Financial Markets (0.04%) and SG Americas Securities LLC (0.03%). Insiders that own company stock include Charles N Funk, Charles N Funk, Charles N Reeves, Janet E Godwin, Jennifer Leigh Hauschildt, Larry D Albert, Len D Devaisher, Matthew J Hayek, Nathaniel J Kaeding and Ruth Eliina Heinonen.
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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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