Recent Analysts’ Ratings Updates for MidWestOne Financial Group (MOFG)

A number of research firms have changed their ratings and price targets for MidWestOne Financial Group (NASDAQ: MOFG):

  • 1/8/2019 – MidWestOne Financial Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MIDWESTONE FINANCIAL publicly trades common stock on the NASDAQ under the symbol MOFG. It includes the banking affiliates of MidWestOne Bank, Iowa State Bank & Trust Company, Iowa City, Iowa and First State Bank, Conrad, Iowa and is committed to expansion in existing and new markets to continually enhance shareholder value. “
  • 1/4/2019 – MidWestOne Financial Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/2/2019 – MidWestOne Financial Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MIDWESTONE FINANCIAL publicly trades common stock on the NASDAQ under the symbol MOFG. It includes the banking affiliates of MidWestOne Bank, Iowa State Bank & Trust Company, Iowa City, Iowa and First State Bank, Conrad, Iowa and is committed to expansion in existing and new markets to continually enhance shareholder value. “
  • 12/28/2018 – MidWestOne Financial Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/26/2018 – MidWestOne Financial Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MIDWESTONE FINANCIAL publicly trades common stock on the NASDAQ under the symbol MOFG. It includes the banking affiliates of MidWestOne Bank, Iowa State Bank & Trust Company, Iowa City, Iowa and First State Bank, Conrad, Iowa and is committed to expansion in existing and new markets to continually enhance shareholder value. “
  • 12/22/2018 – MidWestOne Financial Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/20/2018 – MidWestOne Financial Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MIDWESTONE FINANCIAL publicly trades common stock on the NASDAQ under the symbol MOFG. It includes the banking affiliates of MidWestOne Bank, Iowa State Bank & Trust Company, Iowa City, Iowa and First State Bank, Conrad, Iowa and is committed to expansion in existing and new markets to continually enhance shareholder value. “
  • 12/14/2018 – MidWestOne Financial Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MIDWESTONE FINANCIAL publicly trades common stock on the NASDAQ under the symbol MOFG. It includes the banking affiliates of MidWestOne Bank, Iowa State Bank & Trust Company, Iowa City, Iowa and First State Bank, Conrad, Iowa and is committed to expansion in existing and new markets to continually enhance shareholder value. “
  • 12/8/2018 – MidWestOne Financial Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/8/2018 – MidWestOne Financial Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MIDWESTONE FINANCIAL publicly trades common stock on the NASDAQ under the symbol MOFG. It includes the banking affiliates of MidWestOne Bank, Iowa State Bank & Trust Company, Iowa City, Iowa and First State Bank, Conrad, Iowa and is committed to expansion in existing and new markets to continually enhance shareholder value. “
  • 12/1/2018 – MidWestOne Financial Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MIDWESTONE FINANCIAL publicly trades common stock on the NASDAQ under the symbol MOFG. It includes the banking affiliates of MidWestOne Bank, Iowa State Bank & Trust Company, Iowa City, Iowa and First State Bank, Conrad, Iowa and is committed to expansion in existing and new markets to continually enhance shareholder value. “
  • 11/21/2018 – MidWestOne Financial Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MIDWESTONE FINANCIAL publicly trades common stock on the NASDAQ under the symbol MOFG. It includes the banking affiliates of MidWestOne Bank, Iowa State Bank & Trust Company, Iowa City, Iowa and First State Bank, Conrad, Iowa and is committed to expansion in existing and new markets to continually enhance shareholder value. “
  • 11/15/2018 – MidWestOne Financial Group was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.

MOFG stock opened at $25.70 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $313.86 million, a price-to-earnings ratio of 14.20, a P/E/G ratio of 1.04 and a beta of 1.06. MidWestOne Financial Group, Inc. has a twelve month low of $23.80 and a twelve month high of $35.20.

MidWestOne Financial Group (NASDAQ:MOFG) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.07). MidWestOne Financial Group had a return on equity of 7.33% and a net margin of 14.22%. The business had revenue of $32.35 million for the quarter, compared to the consensus estimate of $32.53 million. On average, research analysts predict that MidWestOne Financial Group, Inc. will post 2.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Saturday, December 1st were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $0.78 annualized dividend and a dividend yield of 3.04%. MidWestOne Financial Group’s dividend payout ratio is currently 43.09%.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of MidWestOne Financial Group by 6.4% during the 2nd quarter. BlackRock Inc. now owns 565,800 shares of the financial services provider’s stock worth $19,113,000 after acquiring an additional 34,126 shares during the period. Royce & Associates LP boosted its stake in MidWestOne Financial Group by 13.2% in the 3rd quarter. Royce & Associates LP now owns 829,970 shares of the financial services provider’s stock valued at $27,646,000 after purchasing an additional 96,546 shares during the period. Great Lakes Advisors LLC bought a new stake in MidWestOne Financial Group in the 3rd quarter valued at $200,000. IndexIQ Advisors LLC boosted its stake in MidWestOne Financial Group by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 68,286 shares of the financial services provider’s stock valued at $2,275,000 after purchasing an additional 2,579 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in MidWestOne Financial Group by 11.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,561 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 45.95% of the company’s stock.

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, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It offers deposit products, such as checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits.

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