MidWestOne Financial Group (MOFG) to Release Earnings on Thursday

MidWestOne Financial Group (NASDAQ:MOFG) is expected to release its earnings data after the market closes on Thursday, January 23rd. Analysts expect MidWestOne Financial Group to post earnings of $0.72 per share and revenue of $57,000.00 billion for the quarter.

MidWestOne Financial Group Stock Up 1.9 %

Shares of NASDAQ:MOFG opened at $29.37 on Thursday. The stock has a market cap of $610.16 million, a price-to-earnings ratio of -6.29 and a beta of 1.05. The business’s 50 day moving average is $31.22 and its 200 day moving average is $28.82. MidWestOne Financial Group has a 12-month low of $19.43 and a 12-month high of $34.56. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.20.

MidWestOne Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Monday, December 2nd. MidWestOne Financial Group’s dividend payout ratio is -20.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MOFG. Keefe, Bruyette & Woods upgraded shares of MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $34.00 to $39.00 in a report on Tuesday, December 17th. Piper Sandler decreased 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, StockNews.com downgraded MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, October 28th.

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.