MidWestOne Financial Group (MOFG) to Release Earnings on Wednesday

MidWestOne Financial Group (NASDAQ:MOFG) will likely be posting 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 Stock Performance

Shares of MidWestOne Financial Group stock opened at $49.31 on Tuesday. The company has a fifty day simple moving average of $49.22 and a 200-day simple moving average of $42.47. MidWestOne Financial Group has a 12-month low of $24.62 and a 12-month high of $49.69. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 17.55 and a beta of 1.07.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of MidWestOne Financial Group in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, MidWestOne Financial Group has an average rating of “Hold” and an average price target of $40.50.

Hedge Funds Weigh In On MidWestOne Financial Group

Several large investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in MidWestOne Financial Group by 2.8% in the fourth quarter. Invesco Ltd. now owns 31,075 shares of the financial services provider’s stock valued at $1,196,000 after acquiring an additional 859 shares in the last quarter. Mendon Capital Advisors Corp boosted its stake in MidWestOne Financial Group by 22.7% during the 4th quarter. Mendon Capital Advisors Corp now owns 184,100 shares of the financial services provider’s stock worth $7,088,000 after purchasing an additional 34,100 shares during the period. VARCOV Co. acquired a new stake in MidWestOne Financial Group during the 4th quarter worth $209,000. Water Island Capital LLC acquired a new stake in MidWestOne Financial Group during the 4th quarter worth $846,000. Finally, Tudor Investment Corp ET AL acquired a new stake in MidWestOne Financial Group during the 4th quarter worth $661,000. Institutional investors and hedge funds own 65.42% of the company’s stock.

About MidWestOne Financial Group

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.