Shares of MidWestOne Financial Group Inc. (NASDAQ:MOFG) have received an average broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.
Analysts have set a 1-year consensus target price of $31.33 for the company and are expecting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also assigned MidWestOne Financial Group an industry rank of 150 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 21st.
Shares of MidWestOne Financial Group (NASDAQ:MOFG) opened at 30.37 on Wednesday. The company has a market capitalization of $347.28 million, a P/E ratio of 13.27 and a beta of 1.02. The firm has a 50-day moving average of $30.01 and a 200 day moving average of $28.71. MidWestOne Financial Group has a 1-year low of $24.71 and a 1-year high of $32.52.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.11%. MidWestOne Financial Group’s dividend payout ratio (DPR) is presently 27.95%.
Several hedge funds have recently made changes to their positions in the company. BlackRock Advisors LLC boosted its stake in shares of MidWestOne Financial Group by 1.4% in the second quarter. BlackRock Advisors LLC now owns 4,016 shares of the financial services provider’s stock worth $115,000 after buying an additional 55 shares during the period. American International Group Inc. boosted its position in MidWestOne Financial Group by 3.0% in the second quarter. American International Group Inc. now owns 4,751 shares of the financial services provider’s stock valued at $136,000 after buying an additional 140 shares during the last quarter. Nationwide Fund Advisors boosted its position in MidWestOne Financial Group by 5.7% in the second quarter. Nationwide Fund Advisors now owns 5,328 shares of the financial services provider’s stock valued at $152,000 after buying an additional 285 shares during the last quarter. Pinnacle Holdings LLC boosted its position in MidWestOne Financial Group by 22.2% in the first quarter. Pinnacle Holdings LLC now owns 10,629 shares of the financial services provider’s stock valued at $292,000 after buying an additional 1,930 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in MidWestOne Financial Group during the first quarter valued at $354,000. 20.63% of the stock is owned by hedge funds and other institutional investors.
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 MidWestOne Bank and Central Bank provide service retail banking in the communities in which their respective branch offices are located.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MidWestOne Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidWestOne Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.