Equities analysts expect MidWestOne Financial Group, Inc. (NASDAQ:MOFG) to report $0.64 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for MidWestOne Financial Group’s earnings. The highest EPS estimate is $0.68 and the lowest is $0.60. MidWestOne Financial Group also reported earnings per share of $0.64 during the same quarter last year. The business is scheduled to report its next quarterly earnings report on Thursday, April 25th.

According to Zacks, analysts expect that MidWestOne Financial Group will report full-year earnings of $3.12 per share for the current financial year, with EPS estimates ranging from $3.03 to $3.20. For the next fiscal year, analysts forecast that the business will report earnings of $3.25 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover MidWestOne Financial Group.

Several brokerages recently issued reports on MOFG. Zacks Investment Research upgraded shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. BidaskClub upgraded shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Finally, ValuEngine upgraded shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $36.50.

NASDAQ:MOFG traded down $0.03 during mid-day trading on Monday, hitting $28.81. The stock had a trading volume of 6,800 shares, compared to its average volume of 21,781. MidWestOne Financial Group has a twelve month low of $23.80 and a twelve month high of $35.20. The company has a market capitalization of $352.49 million, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.89 and a current ratio of 0.89.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be given a dividend of $0.203 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This is an increase from MidWestOne Financial Group’s previous quarterly dividend of $0.20. This represents a $0.81 annualized dividend and a yield of 2.82%. MidWestOne Financial Group’s dividend payout ratio (DPR) is 30.71%.

A number of hedge funds have recently modified their holdings of MOFG. Ramsey Quantitative Systems lifted its position in MidWestOne Financial Group by 75.8% during the third quarter. Ramsey Quantitative Systems now owns 3,622 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 1,562 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in MidWestOne Financial Group during the third quarter worth approximately $200,000. Acadian Asset Management LLC lifted its position in MidWestOne Financial Group by 19.3% during the fourth quarter. Acadian Asset Management LLC now owns 11,260 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 1,822 shares during the last quarter. MetLife Investment Advisors LLC lifted its position in MidWestOne Financial Group by 55.4% during the third quarter. MetLife Investment Advisors LLC now owns 8,677 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 3,092 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in MidWestOne Financial Group during the third quarter worth approximately $350,000. Hedge funds and other institutional investors own 46.18% of the company’s stock.

MidWestOne Financial Group Company Profile

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, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It offers deposit products, such as checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits.

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

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