News articles about MidWestOne Financial Group (NASDAQ:MOFG) have trended positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MidWestOne Financial Group earned a coverage optimism score of 0.36 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.0674494013148 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of NASDAQ:MOFG opened at $32.98 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.44. MidWestOne Financial Group has a 12 month low of $30.56 and a 12 month high of $37.94. The stock has a market capitalization of $400.34, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99.
A number of research analysts recently commented on the stock. BidaskClub raised shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Sandler O’Neill reaffirmed a “buy” rating and issued a $39.00 price target on shares of MidWestOne Financial Group in a report on Friday, January 19th. Zacks Investment Research raised shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating and set a $38.00 price target for the company in a report on Saturday, December 30th. Finally, ValuEngine downgraded shares of MidWestOne Financial Group from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.00.
In other MidWestOne Financial Group news, Director Stephen L. West purchased 3,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $33.02 per share, with a total value of $99,060.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Kevin E. Kramer purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average cost of $33.34 per share, with a total value of $33,340.00. Following the acquisition, the chief operating officer now owns 4,833 shares in the company, valued at approximately $161,132.22. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 5,200 shares of company stock valued at $172,059. 7.20% of the stock is owned by insiders.
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MidWestOne Financial Group Company Profile
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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