MidWestOne Financial Group (MOFG) Projected to Post Quarterly Earnings on Thursday

MidWestOne Financial Group (NASDAQ:MOFG) is projected to announce its earnings results after the market closes on Thursday, January 23rd. Analysts expect MidWestOne Financial Group to post earnings of $0.72 per share and revenue of $57,000.00 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

MidWestOne Financial Group Price Performance

Shares of NASDAQ:MOFG opened at $30.37 on Wednesday. The stock has a market cap of $630.78 million, a price-to-earnings ratio of -6.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.78 and a quick ratio of 0.77. MidWestOne Financial Group has a 12 month low of $19.43 and a 12 month high of $34.56. The stock’s 50 day moving average price is $31.08 and its 200 day moving average price is $29.04.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $34.00 to $39.00 in a report on Tuesday, December 17th. Piper Sandler reduced their price objective on shares of MidWestOne Financial Group from $33.00 to $31.50 and set a “neutral” rating for the company in a research report on Monday, October 28th. Finally, StockNews.com downgraded shares of MidWestOne Financial Group from a “hold” rating to a “sell” rating in a report on Monday, October 28th.

MidWestOne Financial Group Company Profile

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, governmental units, and institutional customers. It offers range of deposit products, including noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts.