MidWestOne Financial Group (MOFG) Expected to Announce Earnings on Thursday

MidWestOne Financial Group (NASDAQ:MOFG - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Thursday, April 24th. Analysts expect MidWestOne Financial Group to post earnings of $0.73 per share and revenue of $58.87 million for the quarter.

MidWestOne Financial Group (NASDAQ:MOFG - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.05. MidWestOne Financial Group had a return on equity of 6.54% and a net margin of 9.79%. 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 Performance

Shares of MidWestOne Financial Group stock traded down $0.04 during trading on Monday, reaching $27.06. The company's stock had a trading volume of 118,026 shares, compared to its average volume of 81,091. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.20. The business's 50-day moving average price is $28.95 and its 200-day moving average price is $30.07. MidWestOne Financial Group has a 52 week low of $19.69 and a 52 week high of $34.56. The firm has a market cap of $563.28 million, a PE ratio of -6.67 and a beta of 0.88.

MidWestOne Financial Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Monday, March 3rd. MidWestOne Financial Group's dividend payout ratio is currently -23.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of MidWestOne Financial Group from a "sell" rating to a "hold" rating in a research report on Monday, January 27th. Hovde Group lifted their price objective on MidWestOne Financial Group from $30.00 to $33.50 and gave the company a "market perform" rating in a report on Monday, January 27th.

Insider Activity

In other MidWestOne Financial Group news, CEO Charles N. Reeves bought 1,785 shares of MidWestOne Financial Group stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $27.98 per share, with a total value of $49,944.30. Following the acquisition, the chief executive officer now owns 53,621 shares in the company, valued at $1,500,315.58. This trade represents a 3.44 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.50% 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.