MidWestOne Financial Group (NASDAQ:MOFG) reported earnings on July 25. They earned $0.45 per share, which was $0.02 less than expected. However, their revenue was $57.90 million, beating the forecast of $45.75 million. Analysts predict earnings of $2 per share this fiscal year and $3 next year.
Stock Performance
As of Thursday, NASDAQ:MOFG shares opened at $29.60. The company has a low debt-to-equity ratio of 0.21 and a market cap of $466.35 million. Over the past year, the stock has ranged from $19.19 to $30.51.
Dividends
MidWestOne declared a quarterly dividend of $0.243 per share, paid on September 17. This gives an annual yield of 3.28% and a payout ratio of 67.36%.
Insider Trading
CEO Charles N. Reeves bought 7,000 shares for $175,000 on September 30, raising his total ownership to 45,712 shares valued at about $1.14 million. Additionally, Director Matthew J. Hayek purchased 2,000 shares for $50,000. Insiders have acquired 9,400 shares valued at $235,000 in the last three months.
Analyst Ratings
Analysts have varying outlooks: Keefe, Bruyette & Woods set a target price of $28, while Piper Sandler increased their target to $30. The company is currently rated “Hold” with an average target of $26.50.
Read our latest stock analysis on MOFG
About MidWestOne Financial Group
MidWestOne is a bank holding company offering a range of banking services to individuals and businesses.
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