MidWestOne Financial Group (MOFG) Receiving Favorable News Coverage, Report Shows
News articles about MidWestOne Financial Group (NASDAQ:MOFG) have been trending positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MidWestOne Financial Group earned a coverage optimism score of 0.38 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.9831293565618 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of MidWestOne Financial Group (MOFG) traded up $0.12 during trading hours on Friday, reaching $34.18. The company had a trading volume of 21,200 shares, compared to its average volume of 26,314. The firm has a market capitalization of $417.65, a P/E ratio of 16.67, a P/E/G ratio of 2.44 and a beta of 1.23. MidWestOne Financial Group has a 1-year low of $30.55 and a 1-year high of $39.20. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.53.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, November 30th. MidWestOne Financial Group’s dividend payout ratio is currently 33.50%.
A number of equities research analysts recently issued reports on MOFG shares. BidaskClub downgraded MidWestOne Financial Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Piper Jaffray Companies set a $37.00 price target on MidWestOne Financial Group and gave the stock a “hold” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
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In other MidWestOne Financial Group news, Director Kurt R. Weise sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $35.21, for a total value of $35,210.00. Following the sale, the director now owns 2,275 shares of the company’s stock, valued at approximately $80,102.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kurt R. Weise sold 889 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $32.91, for a total value of $29,256.99. Following the completion of the sale, the director now directly owns 2,275 shares in the company, valued at approximately $74,870.25. The disclosure for this sale can be found here. Corporate insiders own 25.30% of the company’s stock.
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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