Equities research analysts expect MidWestOne Financial Group, Inc. (NASDAQ:MOFG) to post $32.09 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for MidWestOne Financial Group’s earnings. The highest sales estimate is $32.10 million and the lowest is $32.08 million. The company is expected to announce its next earnings results on Thursday, November 2nd.

On average, analysts expect that MidWestOne Financial Group will report full-year sales of $32.09 million for the current year, with estimates ranging from $125.97 million to $126.50 million. For the next fiscal year, analysts forecast that the firm will report sales of $132.31 million per share, with estimates ranging from $131.12 million to $133.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover MidWestOne Financial Group.

MidWestOne Financial Group (NASDAQ:MOFG) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. MidWestOne Financial Group had a net margin of 17.60% and a return on equity of 7.55%. The company had revenue of $31.57 million during the quarter, compared to analysts’ expectations of $31.17 million.

MOFG has been the subject of several analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $40.00 price target on shares of MidWestOne Financial Group in a research report on Friday, May 19th. Zacks Investment Research raised shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Piper Jaffray Companies set a $37.00 price target on shares of MidWestOne Financial Group and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, BidaskClub lowered shares of MidWestOne Financial Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th.

MidWestOne Financial Group (MOFG) traded up 0.09% during mid-day trading on Wednesday, reaching $32.77. 17,699 shares of the company’s stock were exchanged. The company’s 50-day moving average is $34.18 and its 200 day moving average is $34.94. MidWestOne Financial Group has a one year low of $27.93 and a one year high of $39.20. The firm has a market capitalization of $400.38 million, a P/E ratio of 15.95 and a beta of 1.23.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.68 annualized dividend and a dividend yield of 2.08%. This is an increase from MidWestOne Financial Group’s previous quarterly dividend of $0.17. MidWestOne Financial Group’s dividend payout ratio is 32.20%.

Institutional investors have recently bought and sold shares of the stock. Archford Capital Strategies LLC increased its position in MidWestOne Financial Group by 133.9% in the second quarter. Archford Capital Strategies LLC now owns 2,000 shares of the financial services provider’s stock valued at $116,000 after buying an additional 1,145 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in MidWestOne Financial Group during the second quarter valued at about $413,000. California State Teachers Retirement System increased its position in MidWestOne Financial Group by 22.2% in the second quarter. California State Teachers Retirement System now owns 19,809 shares of the financial services provider’s stock valued at $671,000 after buying an additional 3,600 shares during the period. State Street Corp increased its position in MidWestOne Financial Group by 30.2% in the second quarter. State Street Corp now owns 169,592 shares of the financial services provider’s stock valued at $5,749,000 after buying an additional 39,292 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in MidWestOne Financial Group by 117.3% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 19,455 shares of the financial services provider’s stock valued at $658,000 after buying an additional 10,500 shares during the period. Hedge funds and other institutional investors own 44.28% of the company’s stock.

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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 that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.

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Earnings History and Estimates for MidWestOne Financial Group (NASDAQ:MOFG)

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