MidWestOne Financial Group (MOFG) Scheduled to Post Quarterly Earnings on Thursday

MidWestOne Financial Group (NASDAQ:MOFG) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect MidWestOne Financial Group to post earnings of $0.43 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

MidWestOne Financial Group (NASDAQ:MOFG) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $36.42 million for the quarter, compared to analyst estimates of $43.40 million. MidWestOne Financial Group had a return on equity of 7.12% and a net margin of 7.78%. On average, analysts expect MidWestOne Financial Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MidWestOne Financial Group Trading Up 2.0 %

MOFG stock opened at $21.16 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.24. MidWestOne Financial Group has a twelve month low of $17.80 and a twelve month high of $27.78. The company has a market cap of $333.27 million, a P/E ratio of 16.03 and a beta of 0.95. The business has a fifty day moving average of $22.33 and a 200-day moving average of $22.99.

Insider Buying and Selling at MidWestOne Financial Group

In other news, CEO Charles N. Reeves acquired 4,447 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $22.49 per share, with a total value of $100,013.03. Following the transaction, the chief executive officer now directly owns 38,346 shares in the company, valued at approximately $862,401.54. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MOFG. Keefe, Bruyette & Woods cut their target price on shares of MidWestOne Financial Group from $28.00 to $27.00 and set a “market perform” rating on the stock in a research report on Friday, April 5th. StockNews.com raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Hovde Group initiated coverage on MidWestOne Financial Group in a research note on Monday, March 4th. They set a “market perform” rating for the company. Finally, Piper Sandler started coverage on MidWestOne Financial Group in a research report on Wednesday, March 13th. They set a “neutral” rating and a $24.00 target price for the company. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.67.

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.