MidWestOne Financial Group (MOFG) Projected to Post Earnings on Wednesday
by Jessica Moore · The Cerbat GemMidWestOne Financial Group (NASDAQ:MOFG – Get Free Report) is projected to release its results after the market closes on Wednesday, April 22nd. Analysts expect MidWestOne Financial Group to post earnings of $0.84 per share and revenue of $62.8550 million for the quarter.
MidWestOne Financial Group Price Performance
Shares of NASDAQ:MOFG opened at $49.31 on Monday. The stock’s 50-day moving average price is $49.20 and its 200-day moving average price is $42.32. MidWestOne Financial Group has a 12-month low of $24.62 and a 12-month high of $49.69. The stock has a market capitalization of $1.02 billion, a P/E ratio of 17.55 and a beta of 1.07. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16.
Institutional Investors Weigh In On MidWestOne Financial Group
A number of large investors have recently added to or reduced their stakes in MOFG. AQR Capital Management LLC boosted its holdings in shares of MidWestOne Financial Group by 242.2% during the first quarter. AQR Capital Management LLC now owns 40,228 shares of the financial services provider’s stock worth $1,191,000 after purchasing an additional 28,473 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in MidWestOne Financial Group by 8.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,382 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 841 shares during the last quarter. Goldman Sachs Group Inc. raised its position in MidWestOne Financial Group by 16.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 531,724 shares of the financial services provider’s stock valued at $15,744,000 after purchasing an additional 76,368 shares during the last quarter. Empowered Funds LLC lifted its holdings in MidWestOne Financial Group by 8.4% in the 1st quarter. Empowered Funds LLC now owns 68,431 shares of the financial services provider’s stock worth $2,026,000 after buying an additional 5,294 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in MidWestOne Financial Group by 125.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 138,212 shares of the financial services provider’s stock worth $3,976,000 after buying an additional 76,966 shares during the period. Institutional investors own 65.42% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “hold (c+)” rating on shares of MidWestOne Financial Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.50.
View Our Latest Stock Report on MidWestOne Financial Group
MidWestOne Financial Group Company Profile
MidWestOne Financial Group, Inc (NASDAQ: MOFG) is a registered bank holding company headquartered in West Des Moines, Iowa. Through its principal subsidiary, MidWestOne Bank, the company provides a comprehensive range of commercial and consumer banking products and services. Its commercial banking division offers business lending solutions, including commercial real estate loans, business lines of credit, equipment financing and treasury management services. For individual customers, MidWestOne delivers checking and savings accounts, home mortgage and home equity loans, and personal lending solutions.
Beyond traditional banking, MidWestOne offers trust, wealth management and insurance services through specialized teams of financial advisors.