MidWestOne Financial Group (NASDAQ:MOFG) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday.
Several other research analysts also recently weighed in on MOFG. Zacks Investment Research downgraded shares of MidWestOne Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Sandler O’Neill reissued a “buy” rating and issued a $37.00 price objective on shares of MidWestOne Financial Group in a research note on Tuesday, March 27th. Finally, ValuEngine cut shares of MidWestOne Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.67.
MidWestOne Financial Group opened at $33.78 on Thursday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.86 and a current ratio of 0.86. MidWestOne Financial Group has a 1-year low of $30.56 and a 1-year high of $37.94. The company has a market capitalization of $414.83 million, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02.
MidWestOne Financial Group (NASDAQ:MOFG) last released its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). MidWestOne Financial Group had a return on equity of 6.70% and a net margin of 13.71%. The business had revenue of $31.99 million during the quarter, compared to the consensus estimate of $31.56 million. equities analysts anticipate that MidWestOne Financial Group will post 2.7 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in MOFG. MetLife Investment Advisors LLC purchased a new stake in shares of MidWestOne Financial Group in the fourth quarter worth $187,000. Brandywine Global Investment Management LLC increased its stake in shares of MidWestOne Financial Group by 46.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 5,671 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 1,794 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of MidWestOne Financial Group in the first quarter worth $221,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of MidWestOne Financial Group in the first quarter worth $266,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of MidWestOne Financial Group in the first quarter worth $273,000. 45.84% of the stock is owned by hedge funds and other institutional investors.
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, 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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