Trade Report: Today, Analysts Set $31.33 Price Target for MidWestOne Financial Group Inc. (MOFG)

Today, Analysts Set $31.33 Price Target for MidWestOne Financial Group Inc. (MOFG)

Shares of MidWestOne Financial Group Inc. (NASDAQ:MOFG) have been assigned a consensus broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

Brokerages have set a 1 year consensus target price of $31.33 for the company and are forecasting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also assigned MidWestOne Financial Group an industry rank of 153 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd.

MidWestOne Financial Group (NASDAQ:MOFG) traded down 0.23% during midday trading on Tuesday, hitting $30.50. The company had a trading volume of 5,492 shares. MidWestOne Financial Group has a 52-week low of $24.71 and a 52-week high of $32.40. The firm has a market cap of $348.77 million, a price-to-earnings ratio of 13.32 and a beta of 1.02. The stock has a 50 day moving average of $30.40 and a 200 day moving average of $29.01.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of MidWestOne Financial Group by 34.0% in the second quarter. Vanguard Group Inc. now owns 181,675 shares of the financial services provider’s stock worth $5,188,000 after buying an additional 46,106 shares during the period. Pinnacle Holdings LLC boosted its stake in shares of MidWestOne Financial Group by 3.2% in the second quarter. Pinnacle Holdings LLC now owns 10,964 shares of the financial services provider’s stock worth $313,000 after buying an additional 335 shares during the period. Prudential Financial Inc. boosted its stake in shares of MidWestOne Financial Group by 2.4% in the second quarter. Prudential Financial Inc. now owns 29,862 shares of the financial services provider’s stock worth $853,000 after buying an additional 700 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of MidWestOne Financial Group by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 139,592 shares of the financial services provider’s stock worth $3,987,000 after buying an additional 4,738 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of MidWestOne Financial Group by 5.7% in the second quarter. Nationwide Fund Advisors now owns 5,328 shares of the financial services provider’s stock worth $152,000 after buying an additional 285 shares during the period. Hedge funds and other institutional investors own 20.63% of the company’s stock.

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 MidWestOne Bank and Central Bank provide service retail banking in the communities in which their respective branch offices are located.

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