Somewhat Positive Media Coverage Somewhat Likely to Affect MidWestOne Financial Group (MOFG) Share Price

News articles about MidWestOne Financial Group (NASDAQ:MOFG) have trended somewhat positive this week, according to Alpha One. Alpha One, a division of Accern, identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MidWestOne Financial Group earned a media sentiment score of 0.21 on Alpha One’s scale. Alpha One also gave media stories about the financial services provider an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Alpha One Sentiment Analysis’s analysis:

Shares of MidWestOne Financial Group (NASDAQ:MOFG) traded down 0.6980% during trading on Friday, reaching $34.4975. The company’s stock had a trading volume of 9,128 shares. MidWestOne Financial Group has a 12-month low of $26.50 and a 12-month high of $39.20. The stock has a market cap of $395.31 million, a price-to-earnings ratio of 19.3806 and a beta of 1.25. The company has a 50 day moving average of $34.94 and a 200-day moving average of $34.59.

A number of brokerages recently weighed in on MOFG. Zacks Investment Research raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Keefe, Bruyette & Woods began coverage on MidWestOne Financial Group in a report on Monday. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Piper Jaffray Companies began coverage on MidWestOne Financial Group in a report on Thursday, April 6th. They set a “neutral” rating and a $37.00 price objective on the stock.

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In other news, Director John M. Morrison sold 2,000,000 shares of the company’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $32.88, for a total transaction of $65,760,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 26.30% of the stock is currently owned by corporate insiders.

About MidWestOne Financial Group

MidWestOne Financial Group, Inc is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.

5 Day Chart for NASDAQ:MOFG

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