MidWestOne Financial Group, Inc. (MOFG)

NASDAQ: MOFG · IEX Real-Time Price · USD
21.70
-0.77 (-3.43%)
Mar 18, 2024, 4:00 PM EDT - Market closed
-3.43%
Market Cap 341.79M
Revenue (ttm) 156.75M
Net Income (ttm) 20.86M
Shares Out 15.75M
EPS (ttm) 1.33
PE Ratio 16.32
Forward PE 9.90
Dividend $0.97 (4.47%)
Ex-Dividend Date Feb 29, 2024
Volume 30,383
Open 22.51
Previous Close 22.47
Day's Range 21.70 - 22.51
52-Week Range 17.80 - 27.78
Beta 0.93
Analysts Hold
Price Target 25.00 (+15.21%)
Earnings Date Apr 25, 2024

About MOFG

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. The company also provides commercial, real estate, agricultural, credit card, and consumer loans; and financing arrangements, such as brokered deposits, term deb... [Read more]

Sector Financials
CEO Charles N. Reeves
Employees 732
Stock Exchange NASDAQ
Ticker Symbol MOFG
Full Company Profile

Financial Performance

In 2023, MOFG's revenue was $156.75 million, a decrease of -25.14% compared to the previous year's $209.39 million. Earnings were $20.86 million, a decrease of -65.71%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for MOFG stock is "Hold." The 12-month stock price forecast is $25.0, which is an increase of 15.21% from the latest price.

Price Target
$25.0
(15.21% upside)
Analyst Consensus: Hold
Stock Forecasts

News

MidWestOne Financial Group, Inc. Completes Acquisition of Denver Bankshares, Inc.

IOWA CITY, Iowa, Feb. 02, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank (the “Bank”), today announced the ...

6 weeks ago - GlobeNewsWire

MidWestOne Financial Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year of 2023

IOWA CITY, Iowa, Jan. 25, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the fourth quarter and full year of 2023.

7 weeks ago - GlobeNewsWire

MidWestOne Financial Group, Inc. Announces Fourth Quarter 2023 Earnings Conference Call

IOWA CITY, Iowa, Jan. 12, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its fourth q...

2 months ago - GlobeNewsWire

MidWestOne Financial Group, Inc. Reports Financial Results for the Third Quarter of 2023

IOWA CITY, Iowa, Oct. 26, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the third quarter of 2023.

5 months ago - GlobeNewsWire

MidWestOne Financial Group, Inc. Announces Third Quarter 2023 Earnings Conference Call

IOWA CITY, Iowa, Oct. 13, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its third qu...

5 months ago - GlobeNewsWire

MidWestOne Financial Group, Inc. Announces Strategic Acquisition in Denver

IOWA CITY, Iowa, Sept. 27, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne”, “we”, “our”, or the “Company”) today announced that it has executed a definitive merg...

6 months ago - GlobeNewsWire

MidWestOne Financial Group, Inc. Announces Sale of Florida Operations

IOWA CITY, Iowa, Sept. 25, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne”, “we”, “our”, or the “Company”) today announced that it has executed a definitive purc...

6 months ago - GlobeNewsWire

KBRA Releases Surveillance Report for MidWestOne Financial Group, Inc.

NEW YORK--(BUSINESS WIRE)-- #KBRA--On June 22, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Iowa City, Io...

7 months ago - Business Wire

MidWestOne Financial Group, Inc. Reports Financial Results for the Second Quarter of 2023

IOWA CITY, Iowa, Aug. 01, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the second quarter of 2023.

8 months ago - GlobeNewsWire

MidWestOne Financial Group, Inc. Announces Second Quarter 2023 Earnings Conference Call

IOWA CITY, Iowa, July 24, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its second q...

8 months ago - GlobeNewsWire

KBRA Affirms Ratings for MidWestOne Financial Group, Inc.

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Iowa City, Iowa-based MidWestOne...

9 months ago - Business Wire

MidWestOne Financial Group, Inc. Reports Financial Results For The First Quarter Of 2023

~Announces Strategic Plan and Financial Targets~ ~Repositioning of the Company's Balance Sheet Provides Earnings, Margin and Return Accretion~ IOWA CITY, Iowa, April 27, 2023 (GLOBE NEWSWIRE) --  MidW...

11 months ago - GlobeNewsWire

Top 5 Financial Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Other symbols: AROWTBNKTHFFECBK
11 months ago - Benzinga

MidWestOne Financial Group, Inc. Announces First Quarter 2023 Earnings Conference Call

IOWA CITY, Iowa , April 13, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its first ...

1 year ago - GlobeNewsWire

MidWestOne Names Charles N. Reeves as New CEO

Seasoned Banking Leader Brings Track Record of Driving Growth for Community, Regional and National Institutions Seasoned Banking Leader Brings Track Record of Driving Growth for Community, Regional an...

1 year ago - GlobeNewsWire

MidWestOne Financial Group, Inc. Completes Acquisition of Iowa First Bancshares Corp.

IOWA CITY, Iowa, June 09, 2022 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG) (“MidWestOne”), parent company of MidWestOne Bank (the “Bank”), today announced the completion of its...

1 year ago - GlobeNewsWire

MidWestOne Bank Providing Flex to Avoid Overdraft Fees

IOWA CITY, Iowa, May 02, 2022 (GLOBE NEWSWIRE) -- MidWestOne Bank, subsidiary of MidWestOne Financial Group, Inc. (Nasdaq: MOFG), today announced changes to save customers money by eliminating fees fo...

2 years ago - GlobeNewsWire

CEO Charlie Funk to Retire From MidWestOne In 2022

Twenty-One-Year Career Marked by Family-oriented Community Banking Focus and Significant Growth Twenty-One-Year Career Marked by Family-oriented Community Banking Focus and Significant Growth

2 years ago - GlobeNewsWire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Sale of Iowa First Bancshares Corp. to MidWestOne Financial Group, Inc.

New York, New York--(Newsfile Corp. - November 3, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To view an enhanced version of this graphic, please visit:https://orders.news...

2 years ago - Newsfile Corp