MidWestOne Financial Group (NASDAQ:MOFG) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Posted by Tammy Falkenburg on Jan 23rd, 2025

MidWestOne Financial Group (NASDAQ:MOFG – Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05, Zacks reports. MidWestOne Financial Group had a net margin of 9.79% and a return on equity of 5.13%.

MidWestOne Financial Group Trading Up 0.2 %

NASDAQ MOFG traded up $0.07 during mid-day trading on Thursday, reaching $30.19. 82,124 shares of the stock were exchanged, compared to its average volume of 100,909. The stock has a market capitalization of $627.05 million, a PE ratio of -6.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 0.78. MidWestOne Financial Group has a 1-year low of $19.43 and a 1-year high of $34.56. The business’s fifty day simple moving average is $30.97 and its 200 day simple moving average is $29.11.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $34.00 to $39.00 in a report on Tuesday, December 17th. StockNews.com cut MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, Piper Sandler cut their price target on MidWestOne Financial Group from $33.00 to $31.50 and set a “neutral” rating for the company in a report on Monday, October 28th.

Check Out Our Latest Report on MOFG

MidWestOne Financial Group Company Profile

(Get Free Report)

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, governmental units, and institutional customers. It offers range of deposit products, including noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts.