Favorable Media Coverage Somewhat Unlikely to Impact MidWestOne Financial Group (MOFG) Share Price
Headlines about MidWestOne Financial Group (NASDAQ:MOFG) have been trending positive on Wednesday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. 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 0.37 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.513333674977 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several research firms have recently commented on MOFG. BidaskClub downgraded shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Zacks Investment Research raised shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a report on Saturday.
Shares of MidWestOne Financial Group (NASDAQ:MOFG) opened at $33.30 on Wednesday. The company has a market cap of $409.70, a price-to-earnings ratio of 16.40, a PEG ratio of 2.37 and a beta of 1.24. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.53. MidWestOne Financial Group has a twelve month low of $30.56 and a twelve month high of $38.56.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, November 30th. MidWestOne Financial Group’s dividend payout ratio (DPR) is currently 33.50%.
In other news, Director Kurt R. Weise sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $35.21, for a total value of $35,210.00. Following the sale, the director now directly owns 2,275 shares of the company’s stock, valued at approximately $80,102.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.30% of the stock is owned by corporate insiders.
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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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