MidWestOne Financial Group (NASDAQ:MOFG) has been given an average rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $38.00.
A number of equities analysts have commented on MOFG shares. Zacks Investment Research cut shares of MidWestOne Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. BidaskClub raised shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Sandler O’Neill reissued a “buy” rating and issued a $37.00 price objective on shares of MidWestOne Financial Group in a research note on Tuesday, March 27th. Finally, ValuEngine cut shares of MidWestOne Financial Group from a “buy” rating to a “hold” rating in a research note on Monday.
In other MidWestOne Financial Group news, COO Kevin E. Kramer acquired 1,000 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was acquired at an average cost of $33.34 per share, with a total value of $33,340.00. Following the purchase, the chief operating officer now directly owns 4,833 shares of the company’s stock, valued at approximately $161,132.22. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen L. West acquired 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $33.02 per share, with a total value of $99,060.00. The disclosure for this purchase can be found here. Insiders acquired a total of 5,200 shares of company stock valued at $172,059 over the last three months. Corporate insiders own 7.20% of the company’s stock.
Shares of NASDAQ:MOFG traded down $1.21 on Monday, reaching $32.08. The company’s stock had a trading volume of 33,494 shares, compared to its average volume of 39,529. MidWestOne Financial Group has a 52-week low of $30.56 and a 52-week high of $37.94. The stock has a market capitalization of $407.31, a P/E ratio of 15.80, a PEG ratio of 1.52 and a beta of 0.99. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.44.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a $0.195 dividend. This is a boost from MidWestOne Financial Group’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Wednesday, February 28th. MidWestOne Financial Group’s dividend payout ratio (DPR) is presently 38.42%.
TRADEMARK VIOLATION WARNING: This news story was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://stocknewstimes.com/2018/04/17/midwestone-financial-group-mofg-given-average-recommendation-of-hold-by-brokerages.html.
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, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It offers deposit products, such as checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits.
Receive News & Ratings for MidWestOne Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidWestOne Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.