Media headlines about MidWestOne Financial Group (NASDAQ:MOFG) have trended positive on Monday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty 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 news sentiment score of 0.37 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 44.9914148656033 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of NASDAQ:MOFG traded up $0.40 during midday trading on Monday, reaching $34.24. The company’s stock had a trading volume of 839 shares, compared to its average volume of 16,036. The company has a market capitalization of $413.56 million, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.87 and a quick ratio of 0.87. MidWestOne Financial Group has a fifty-two week low of $30.56 and a fifty-two week high of $37.94.

MidWestOne Financial Group (NASDAQ:MOFG) last issued its earnings results on Friday, July 27th. The financial services provider reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. MidWestOne Financial Group had a return on equity of 7.09% and a net margin of 14.13%. The business had revenue of $32.07 million during the quarter, compared to analyst estimates of $32.61 million. analysts anticipate that MidWestOne Financial Group will post 2.67 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Saturday, September 1st will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, August 30th. MidWestOne Financial Group’s payout ratio is 43.09%.

A number of research analysts have recently issued reports on MOFG shares. BidaskClub raised MidWestOne Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. ValuEngine raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd.

In other news, insider Charles N. Funk bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was acquired at an average cost of $33.50 per share, with a total value of $33,500.00. Following the transaction, the insider now directly owns 104,829 shares of the company’s stock, valued at approximately $3,511,771.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 1,650 shares of company stock valued at $55,344 over the last ninety days. 7.20% of the stock is currently owned by corporate insiders.

About MidWestOne Financial Group

MidWestOne Financial Group, Inc operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It offers deposit products, such as checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits.

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Insider Buying and Selling by Quarter for MidWestOne Financial Group (NASDAQ:MOFG)

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