MidWestOne Financial Group (NASDAQ:MOFG – Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
MidWestOne Financial Group (NASDAQ:MOFG – Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The company had revenue of $57.90 million during the quarter, compared to analyst estimates of $45.75 million. MidWestOne Financial Group had a return on equity of 5.27% and a net margin of 9.79%. On average, analysts expect MidWestOne Financial Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
MidWestOne Financial Group Stock Performance
Shares of NASDAQ MOFG opened at $29.11 on Wednesday. The business’s 50-day simple moving average is $28.29 and its 200-day simple moving average is $24.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.74 and a current ratio of 0.74. MidWestOne Financial Group has a 52 week low of $19.19 and a 52 week high of $30.51. The firm has a market cap of $458.63 million, a price-to-earnings ratio of 20.22 and a beta of 1.02.
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Analyst Upgrades and Downgrades
MOFG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $28.00 price target (up previously from $25.00) on shares of MidWestOne Financial Group in a research report on Monday, July 29th. Piper Sandler raised their target price on shares of MidWestOne Financial Group from $22.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, MidWestOne Financial Group presently has an average rating of “Hold” and a consensus price target of $26.50.
Get Our Latest Stock Report on MidWestOne Financial Group
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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