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: $32.77 to $34.00
• 50-Day Range: $27.02 to $33.49
• 52-Week Range: $19.43 to $34.00
• Volume: 61,456 shs
• Average Volume: 48,504 shs
• Market Capitalization: $519.15 million
• P/E Ratio: N/A
• Dividend Yield: 2.95%
• Price Target: $27.00
• Consensus Rating: Hold

MidWestOne Financial Group Stock Analysis - MarketRank™

MidWestOne Financial Group scored higher than 58% of companies evaluated by MarketBeat, and ranked 440th out of 959 stocks in the finance 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, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

MidWestOne Financial Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 35.65%

Earnings Growth

Earnings for MidWestOne Financial Group are expected to grow by 35.65% in the coming year, from $2.30 to $3.12 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MidWestOne Financial Group is -7.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of MidWestOne Financial Group is -7.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

MidWestOne Financial Group has a P/B Ratio of 0.92. 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

0.40% of the outstanding shares of MidWestOne Financial Group have been sold short.

Short Interest Ratio / Days to Cover

MidWestOne Financial Group has a short interest ratio ("days to cover") of 0.8, 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 34.88%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

MidWestOne Financial Group pays a meaningful dividend of 2.91%, 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 Sustainability

Based on earnings estimates, MidWestOne Financial Group will have a dividend payout ratio of 31.09% 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

0.40% of the outstanding shares of MidWestOne Financial Group have been sold short.

Short Interest Ratio / Days to Cover

MidWestOne Financial Group has a short interest ratio ("days to cover") of 0.8, 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 34.88%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.44

News Sentiment

MidWestOne Financial Group has a news sentiment score of 0.44. 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 lower news sentiment than the 0.60 average news sentiment score of Finance companies.

News Coverage This Week

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

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, MidWestOne Financial Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $235,000.00 in company stock and sold $0.00 in 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 22.3% and is now trading at $32.92.
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 data on Sunday, October, 31st. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.11. The financial services provider earned $49.52 million during the quarter, compared to analysts' expectations of $48.45 million. MidWestOne Financial Group had a trailing twelve-month return on equity of 5.13% and a net margin of 9.79%.

Who are MidWestOne Financial Group's major shareholders?

Top institutional shareholders of MidWestOne Financial Group include Jennison Associates LLC (4.93%), The Manufacturers Life Insurance Company (2.16%), Stieven Capital Advisors L.P. (1.27%) and Curi RMB Capital LLC (0.98%). Insiders that own company stock include Charles N Reeves, Len D Devaisher, Larry D Albert, Matthew J Hayek, Janet E Godwin, Ruth Eliina Heinonen, 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 American Water Works (AWK), Waste Connections (WCN), Humana (HUM), The RMR Group (RMR), Voyager Therapeutics (VYGR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 10/31/2021
• Ex-Dividend for 9/17 Dividend: 9/03/2024
• Dividend Payable: 9/17/2024
• Today: 11/13/2024
• Ex-Dividend for 12/16 Dividend: 12/02/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• 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: $27.00
• High Stock Price Target: $31.50
• Low Stock Price Target: $21.50
• Potential Upside/Downside: -17.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($4.67)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 14.27
• P/E Growth: N/A
• Net Income: $20.86 million
• Net Margins: 9.79%
• Pretax Margin: -55.10%
• Return on Equity: 5.13%
• Return on Assets: 0.42%

Debt

• Debt-to-Equity Ratio: 0.20
• Current Ratio: 0.78
• Quick Ratio: 0.77

Sales & Book Value

• Annual Sales: $268.04 million
• Price / Sales: 1.93
• Cash Flow: $3.05 per share
• Price / Cash Flow: 10.75
• Book Value: $35.65 per share
• Price / Book: 0.92

Miscellaneous

• Outstanding Shares: 15,770,000
• Free Float: 15,331,000
• Market Cap: $517.73 million
• Optionable: Optionable
• Beta: 1.01