MidWestOne Financial Group (MOFG) Getting Positive Media Coverage, Study Shows
News articles about MidWestOne Financial Group (NASDAQ:MOFG) have trended positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MidWestOne Financial Group earned a media sentiment score of 0.36 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.0111221818299 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.
MOFG has been the subject of several recent analyst reports. BidaskClub upgraded shares of MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd. Zacks Investment Research cut shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $37.00 price objective on shares of MidWestOne Financial Group and gave the company a “hold” rating in a report on Thursday, July 27th.
MidWestOne Financial Group (NASDAQ MOFG) traded up 0.69% on Friday, hitting $33.70. 58,543 shares of the stock traded hands. The stock has a 50-day moving average price of $33.22 and a 200 day moving average price of $34.44. MidWestOne Financial Group has a 12-month low of $27.93 and a 12-month high of $39.20. The stock has a market cap of $411.75 million, a P/E ratio of 16.40 and a beta of 1.24.
MidWestOne Financial Group (NASDAQ:MOFG) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.59 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.59. MidWestOne Financial Group had a net margin of 17.60% and a return on equity of 7.55%. The company had revenue of $31.57 million during the quarter, compared to the consensus estimate of $31.17 million. On average, equities analysts expect that MidWestOne Financial Group will post $2.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.17 dividend. The ex-dividend date was Wednesday, August 30th. This is an increase from MidWestOne Financial Group’s previous quarterly dividend of $0.17. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.02%. MidWestOne Financial Group’s payout ratio is currently 33.17%.
In other MidWestOne Financial Group news, Director Kurt R. Weise sold 889 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $32.91, for a total value of $29,256.99. Following the completion of the transaction, the director now directly owns 2,275 shares of the company’s stock, valued at $74,870.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 25.30% of the company’s stock.
MidWestOne Financial Group Company Profile
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 that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.
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