MidWestOne Financial Group (MOFG) Given Daily News Sentiment Score of 0.37
News headlines about MidWestOne Financial Group (NASDAQ:MOFG) have trended positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. MidWestOne Financial Group earned a media sentiment score of 0.37 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 44.5794681319076 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
MOFG has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub cut shares of MidWestOne Financial Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Finally, Piper Jaffray Companies set a $37.00 target price on shares of MidWestOne Financial Group and gave the stock a “hold” rating in a report on Thursday, July 27th.
Shares of MidWestOne Financial Group (NASDAQ:MOFG) traded up 0.60% on Monday, hitting $33.73. 20,493 shares of the company’s stock traded hands. MidWestOne Financial Group has a 1-year low of $27.93 and a 1-year high of $39.20. The firm’s 50-day moving average price is $33.26 and its 200 day moving average price is $34.52. The company has a market cap of $412.11 million, a price-to-earnings ratio of 16.41 and a beta of 1.24.
MidWestOne Financial Group (NASDAQ:MOFG) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. MidWestOne Financial Group had a return on equity of 7.55% and a net margin of 17.60%. The business had revenue of $31.57 million during the quarter, compared to analyst estimates of $31.17 million. On average, equities research analysts expect that MidWestOne Financial Group will post $2.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.17 dividend. The ex-dividend date was Wednesday, August 30th. This is a positive change from MidWestOne Financial Group’s previous quarterly dividend of $0.17. This represents a $0.68 annualized dividend and a dividend yield of 2.02%. MidWestOne Financial Group’s payout ratio is currently 33.17%.
In related news, Director Kurt R. Weise sold 889 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $32.91, for a total value of $29,256.99. Following the completion of the transaction, the director now directly owns 2,275 shares in the company, valued at approximately $74,870.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.30% of the stock is currently owned by insiders.
About MidWestOne Financial Group
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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