Brokerages forecast that MidWestOne Financial Group, Inc. (NASDAQ:MOFG) will report $0.62 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for MidWestOne Financial Group’s earnings, with estimates ranging from $0.59 to $0.64. MidWestOne Financial Group posted earnings per share of $0.36 in the same quarter last year, which would suggest a positive year over year growth rate of 72.2%. The business is expected to report its next earnings report on Thursday, March 1st.

According to Zacks, analysts expect that MidWestOne Financial Group will report full-year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.28 to $2.39. For the next year, analysts expect that the company will report earnings of $2.58 per share, with EPS estimates ranging from $2.50 to $2.70. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for MidWestOne Financial Group.

A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. BidaskClub upgraded MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd.

Shares of MidWestOne Financial Group (NASDAQ:MOFG) opened at $35.84 on Wednesday. The stock has a market capitalization of $431.94, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.52 and a beta of 1.24. MidWestOne Financial Group has a 52 week low of $30.56 and a 52 week high of $39.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.88.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.90%. MidWestOne Financial Group’s dividend payout ratio (DPR) is presently 33.50%.

In related news, Director Kurt R. Weise sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $35.21, for a total value of $35,210.00. Following the transaction, 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 SEC, which can be accessed through the SEC website. Insiders own 25.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of MidWestOne Financial Group by 50.0% during the 1st quarter. Vanguard Group Inc. now owns 367,513 shares of the financial services provider’s stock worth $12,602,000 after acquiring an additional 122,424 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of MidWestOne Financial Group by 66.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,800 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 7,500 shares in the last quarter. Kennedy Capital Management Inc. raised its holdings in shares of MidWestOne Financial Group by 2.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 201,201 shares of the financial services provider’s stock worth $6,819,000 after acquiring an additional 4,243 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of MidWestOne Financial Group by 117.3% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 19,455 shares of the financial services provider’s stock worth $658,000 after acquiring an additional 10,500 shares in the last quarter. Finally, Menta Capital LLC purchased a new stake in shares of MidWestOne Financial Group during the 2nd quarter worth approximately $450,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

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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 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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Earnings History and Estimates for MidWestOne Financial Group (NASDAQ:MOFG)

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