MidWestOne Financial Group (MOFG) Releases Quarterly Earnings Results
MidWestOne Financial Group (NASDAQ:MOFG) issued its quarterly earnings data on Monday. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03, Analyst Ratings Network reports.
A number of research firms have recently commented on MOFG. Analysts at Zacks upgraded shares of MidWestOne Financial Group from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $29.60 price target on 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.
Shares of MidWestOne Financial Group (NASDAQ:MOFG) opened at 23.70 on Monday. 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 $23.77 and a 200-day moving average of $24.40. The company has a market cap of $199.1 million and a P/E ratio of 10.68.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Wednesday, August 27th.
MidWestOne Financial Group, Inc (NASDAQ:MOFG) is a bank holding company.
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