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MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Stock Rating Update

Category: Loan Center Published: Wednesday, 06 July 2016 Written by Chance Allen

The sell-side brokers covering the equity also have issued projected stock price objectives on the company. The one year projections range from a high of $32 to the low of $30. The mean price target of all analysts taken into consideration by Zacks is $31.333. Earnings at a Glance Near term, Wall Street brokerage analysts are expecting MidWestOne Financial Group, Inc. (NASDAQ:MOFG) to report earnings of $0.66 per share for the fiscal quarter ending on 2016-06-30.

This is the calculated earnings per share estimate from the 3 polled by Zacks. In taking a look further ahead three to five years, analysts have a long-term growth EPS estimate of $6. This number is the best estimate for sales and earnings over that time frame. Stock holders will be watching when MidWestOne Financial Group, Inc. reports their next earnings results on 2016-07-28. Most recently the firm announced earnings per share of $0.6 for the quarter which ended on 2016-03-31.

Compared to analyst expectations just before the announcement, the actual results were $-0.01 away from that number, or a surprise factor of -1.64%. MidWestOne Financial Group, Inc. (MidWestOne) is a bank holding company. The Company operates primarily through its bank subsidiary, MidWestOne Bank (the Bank) with its main office in Iowa City, Iowa, and MidWestOne Insurance Services, Inc., its wholly owned subsidiary that operates through three agencies located in central and east-central Iowa. As of December 31, 2011, the Company had total consolidated assets of :90.7 billion and total deposits of :90.3 billion. The Bank operates a total of 25 branch locations, and Home Loan Center, in 15 counties throughout central and east-central Iowa. The Bank provides full-service retail banking in the communities in which its branch offices are located. Deposit products offered include checking and other demand deposit accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits.

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