MidWestOne Financial Group (MOFG) to Release Earnings on Thursday

MidWestOne Financial Group (NASDAQ:MOFG) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

MidWestOne Financial Group (NASDAQ:MOFG) last released its quarterly earnings results 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. MidWestOne Financial Group had a return on equity of 7.12% and a net margin of 7.78%. The firm had revenue of $36.42 million for the quarter, compared to analyst estimates of $43.40 million. 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 Price Performance

Shares of MOFG opened at $21.35 on Wednesday. The business has a 50-day moving average of $22.30 and a 200-day moving average of $23.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $336.26 million, a price-to-earnings ratio of 16.17 and a beta of 0.95. MidWestOne Financial Group has a 1 year low of $17.80 and a 1 year high of $27.78.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MOFG. StockNews.com upgraded shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Keefe, Bruyette & Woods cut their price target 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. Piper Sandler started coverage on MidWestOne Financial Group in a research report on Wednesday, March 13th. They issued a “neutral” rating and a $24.00 price objective for the company. Finally, Hovde Group began coverage on MidWestOne Financial Group in a research report on Monday, March 4th. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.67.

Insiders Place Their Bets

In related news, CEO Charles N. Reeves acquired 4,447 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of $22.49 per share, for a total transaction of $100,013.03. Following the completion of the acquisition, the chief executive officer now owns 38,346 shares of the company’s stock, valued at $862,401.54. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.20% of the company’s stock.

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.