MidWestOne Financial Group, Inc. (MOFG) Set to Announce Quarterly Earnings on Wednesday
MidWestOne Financial Group, Inc. (NASDAQ:MOFG) is scheduled to announce its earnings results after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.
MidWestOne Financial Group (NASDAQ:MOFG) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The business had revenue of $31.57 million for the quarter, compared to analysts’ expectations of $31.17 million. MidWestOne Financial Group had a net margin of 17.60% and a return on equity of 7.55%. On average, analysts expect MidWestOne Financial Group to post $2.44 EPS for the current fiscal year and $2.63 EPS for the next fiscal year.
MidWestOne Financial Group, Inc. (NASDAQ:MOFG) opened at 36.29 on Wednesday. MidWestOne Financial Group, Inc. has a 52 week low of $27.93 and a 52 week high of $39.20. The company has a market capitalization of $443.39 million, a PE ratio of 17.66 and a beta of 1.25. The company has a 50-day moving average of $34.09 and a 200-day moving average of $34.38.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, November 30th. MidWestOne Financial Group’s dividend payout ratio (DPR) is presently 33.17%.
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A number of analysts recently weighed in on the stock. BidaskClub raised shares of MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd. Zacks Investment Research lowered 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 target price on shares of MidWestOne Financial Group and gave the stock a “hold” rating in a report on Thursday, July 27th.
In related news, Director Kurt R. Weise sold 889 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $32.91, for a total transaction of $29,256.99. Following the sale, the director now owns 2,275 shares of the company’s stock, valued at approximately $74,870.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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