MidWestOne Financial Group Downgraded by Zacks to Neutral (MOFG)
MidWestOne Financial Group (NASDAQ:MOFG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday. They currently have a $29.60 price objective on the stock. Zacks‘s price target suggests a potential upside of 21.26% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of MidWestOne Financial Group from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. They now have a $29.00 price target on the stock. Analysts at FIG Partners upgraded shares of MidWestOne Financial Group from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $27.50 price target on the stock.
MidWestOne Financial Group (NASDAQ:MOFG) traded up 1.75% during mid-day trading on Tuesday, hitting $24.41. 26,085 shares of the company’s stock traded hands. MidWestOne Financial Group has a 1-year low of $22.50 and a 1-year high of $29.30. The stock has a 50-day moving average of $23.71 and a 200-day moving average of $25.04. The company has a market cap of $206.9 million and a price-to-earnings ratio of 10.90.
MidWestOne Financial Group (NASDAQ:MOFG) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.09. Analysts expect that MidWestOne Financial Group will post $2.19 EPS for the current fiscal year.
MidWestOne Financial Group, Inc (NASDAQ:MOFG) is a bank holding company.
To view Zacks’ full report, visit Zacks’ official website.
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