Positive Media Coverage Somewhat Likely to Affect MidWestOne Financial Group (MOFG) Stock Price
News stories about MidWestOne Financial Group (NASDAQ:MOFG) have been trending positive recently, according to AlphaOne. AlphaOne, a division of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MidWestOne Financial Group earned a daily sentiment score of 0.34 on AlphaOne’s scale. AlphaOne also assigned news articles about the financial services provider an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Alpha One Sentiment Analysis’s analysis:
- MidWestOne Financial Group, Inc. (MOFG) Research Coverage Started at Keefe, Bruyette & Woods (americanbankingnews.com)
- MidWestOne Financial : Bank Receives National Award For Financial Literacy Outreach (4-traders.com)
- Have investors already priced in MidWestOne Financial Group Inc’s (MOFG) growth? (simplywall.st)
- MidWestOne Financial Group, Inc. (MOFG) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- MidWestOne Bank Receives National Award For Financial Literacy Outreach (finance.yahoo.com)
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. Keefe, Bruyette & Woods assumed coverage on shares of MidWestOne Financial Group in a research report on Monday. They issued an “outperform” rating and a $40.00 price target on the stock. Finally, Piper Jaffray Companies assumed coverage on shares of MidWestOne Financial Group in a research report on Thursday, April 6th. They issued a “neutral” rating and a $37.00 price target on the stock.
MidWestOne Financial Group (NASDAQ:MOFG) traded up 1.91% during trading on Tuesday, hitting $34.20. 52,109 shares of the stock were exchanged. The stock has a market cap of $391.90 million, a price-to-earnings ratio of 19.21 and a beta of 1.25. The firm’s 50 day moving average price is $35.06 and its 200-day moving average price is $34.59. MidWestOne Financial Group has a 1-year low of $26.32 and a 1-year high of $39.20.
In other news, Director John M. Morrison sold 2,000,000 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $32.88, for a total transaction of $65,760,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.30% of the stock is currently owned by insiders.
About MidWestOne Financial Group
MidWestOne Financial Group, Inc is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc MidWestOne Bank and Central Bank provide service retail banking in the communities in which their respective branch offices are located.
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