MidWestOne Financial Group (MOFG) Earns Media Impact Rating of 0.36
Headlines about MidWestOne Financial Group (NASDAQ:MOFG) have been trending positive on Friday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring 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 closest to one being the most favorable. MidWestOne Financial Group earned a daily sentiment score of 0.36 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.3392804940676 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- MidWestOne Financial Group, Inc. breached its 50 day moving average in a Bullish Manner : MOFG-US : September 25, 2017 (finance.yahoo.com)
- MidWestOne Financial Group, Inc. :MOFG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 28, 2017 (finance.yahoo.com)
- Comparing Macatawa Bank Corporation (MCBC) & MidWestOne Financial Group (MOFG) (americanbankingnews.com)
A number of equities analysts have issued reports on MOFG shares. BidaskClub upgraded MidWestOne Financial Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd. Zacks Investment Research cut 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 MidWestOne Financial Group and gave the stock a “hold” rating in a report on Thursday, July 27th.
MidWestOne Financial Group (NASDAQ MOFG) traded up 1.58% during trading on Friday, reaching $35.92. The company’s stock had a trading volume of 49,095 shares. MidWestOne Financial Group has a 12 month low of $27.93 and a 12 month high of $39.20. The company has a market cap of $438.87 million, a P/E ratio of 17.48 and a beta of 1.25. The stock’s 50-day moving average is $33.48 and its 200 day moving average is $34.28.
MidWestOne Financial Group (NASDAQ:MOFG) last posted 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 for the quarter, compared to analyst estimates of $31.17 million. On average, equities analysts forecast that MidWestOne Financial Group will post $2.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, August 30th. This is a positive change from MidWestOne Financial Group’s previous quarterly dividend of $0.17. MidWestOne Financial Group’s dividend payout ratio is currently 33.17%.
In related news, Director Kurt R. Weise sold 889 shares of the company’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 sale, the director now owns 2,275 shares in the company, valued at approximately $74,870.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 25.30% of the company’s stock.
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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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