MidWestOne Financial Group (NASDAQ:MOFG) Posts Earnings Results

MidWestOne Financial Group (NASDAQ:MOFG) issued its quarterly earnings data on Thursday. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05, Zacks reports. MidWestOne Financial Group had a net margin of 9.79% and a return on equity of 5.13%.

MidWestOne Financial Group Stock Performance

Shares of MOFG opened at $30.19 on Friday. MidWestOne Financial Group has a 1-year low of $19.43 and a 1-year high of $34.56. The company has a 50-day moving average of $30.97 and a 200 day moving average of $29.11. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MOFG shares. Piper Sandler dropped 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. Keefe, Bruyette & Woods upgraded shares of MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $34.00 to $39.00 in a report on Tuesday, December 17th. Finally, StockNews.com lowered shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report 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.