MidWestOne Financial Group (NASDAQ:MOFG – Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 Price Performance
NASDAQ:MOFG traded up $0.07 during mid-day trading on Thursday, reaching $30.19. 91,203 shares of the company were exchanged, compared to its average volume of 103,564. MidWestOne Financial Group has a 12 month low of $19.43 and a 12 month high of $34.56. The company has a fifty day moving average of $30.97 and a 200 day moving average of $29.11. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.20. The stock has a market cap of $627.05 million, a PE ratio of -6.46 and a beta of 1.05.
Analyst Upgrades and Downgrades
MOFG has been the subject of a number of recent research reports. StockNews.com cut shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Piper Sandler dropped their price objective on shares of MidWestOne Financial Group from $33.00 to $31.50 and set a “neutral” rating for the company in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods raised shares of MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $34.00 to $39.00 in a report on Tuesday, December 17th.
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, 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.
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