MidWestOne Financial Group (MOFG) Expected to Announce Quarterly Earnings on Thursday

MidWestOne Financial Group (NASDAQ:MOFG) is expected to post its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.72 per share and revenue of $57,000.00 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

MidWestOne Financial Group Trading Up 2.0 %

MOFG opened at $30.23 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 0.78. The stock’s 50 day moving average price is $31.08 and its 200-day moving average price is $29.04. MidWestOne Financial Group has a one year low of $19.43 and a one year high of $34.56. The stock has a market cap of $627.88 million, a price-to-earnings ratio of -6.47 and a beta of 1.05.

MidWestOne Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Monday, December 2nd. MidWestOne Financial Group’s payout ratio is currently -20.77%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $34.00 to $39.00 in a research report on Tuesday, December 17th. Piper Sandler decreased 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 report on Monday, October 28th. Finally, StockNews.com downgraded shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research note 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.