MidWestOne Financial Group, Inc. (NASDAQ:MOFG) – FIG Partners boosted their FY2018 earnings per share (EPS) estimates for MidWestOne Financial Group in a research note issued on Wednesday, according to Zacks Investment Research. FIG Partners analyst B. Martin now anticipates that the financial services provider will earn $2.80 per share for the year, up from their prior forecast of $2.50.
Several other equities research analysts have also recently weighed in on the company. BidaskClub raised MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research raised MidWestOne Financial Group from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a research note on Saturday, December 30th.
Shares of MidWestOne Financial Group (NASDAQ:MOFG) opened at $34.75 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.88. MidWestOne Financial Group has a 52 week low of $30.56 and a 52 week high of $38.29. The firm has a market capitalization of $424.61, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24.
In other news, Director Kurt R. Weise sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $35.21, for a total transaction of $35,210.00. Following the transaction, the director now owns 2,275 shares of the company’s stock, valued at $80,102.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 25.30% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Archford Capital Strategies LLC grew its stake in shares of MidWestOne Financial Group by 133.9% during the second quarter. Archford Capital Strategies LLC now owns 2,000 shares of the financial services provider’s stock valued at $116,000 after buying an additional 1,145 shares during the last quarter. Rhumbline Advisers grew its stake in MidWestOne Financial Group by 21.2% in the second quarter. Rhumbline Advisers now owns 12,522 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 2,189 shares in the last quarter. Trexquant Investment LP grew its stake in MidWestOne Financial Group by 38.8% in the third quarter. Trexquant Investment LP now owns 8,868 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 2,481 shares in the last quarter. New York State Common Retirement Fund grew its stake in MidWestOne Financial Group by 27.8% in the second quarter. New York State Common Retirement Fund now owns 13,800 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 2,999 shares in the last quarter. Finally, OxFORD Asset Management LLP grew its stake in MidWestOne Financial Group by 16.5% in the third quarter. OxFORD Asset Management LLP now owns 21,328 shares of the financial services provider’s stock worth $726,000 after purchasing an additional 3,026 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.
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MidWestOne Financial Group Company Profile
MidWestOne Financial Group, Inc is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.
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