FIG Partners Research Analysts Decrease Earnings Estimates for MidWestOne Financial Group, Inc. (MOFG)

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) – Investment analysts at FIG Partners dropped their Q3 2017 EPS estimates for MidWestOne Financial Group in a research note issued to investors on Monday, Zacks Investment Research reports. FIG Partners analyst B. Martin now expects that the financial services provider will post earnings per share of $0.65 for the quarter, down from their previous estimate of $0.68. FIG Partners also issued estimates for MidWestOne Financial Group’s FY2017 earnings at $2.50 EPS and FY2018 earnings at $2.63 EPS.

A number of other research firms have also recently commented on MOFG. Zacks Investment Research raised shares of MidWestOne Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Piper Jaffray Companies assumed coverage on shares of MidWestOne Financial Group in a report on Thursday, April 6th. They issued a “neutral” rating and a $37.00 price target on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on shares of MidWestOne Financial Group in a report on Monday. They issued an “outperform” rating and a $40.00 price target on the stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2017/04/21/fig-partners-comments-on-midwestone-financial-group-inc-s-q3-2017-earnings-mofg-updated-updated.html.

MidWestOne Financial Group (NASDAQ:MOFG) traded down 0.20% on Thursday, hitting $34.67. The stock had a trading volume of 24,568 shares. The company has a 50-day moving average price of $34.94 and a 200-day moving average price of $34.59. MidWestOne Financial Group has a 52 week low of $26.50 and a 52 week high of $39.20. The stock has a market capitalization of $397.28 million, a price-to-earnings ratio of 19.48 and a beta of 1.25.

In other MidWestOne Financial Group news, Director John M. Morrison sold 2,000,000 shares of the business’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $32.88, for a total transaction of $65,760,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 26.30% of the company’s stock.

A number of large investors have recently modified their holdings of MOFG. California Public Employees Retirement System raised its position in MidWestOne Financial Group by 6.3% in the third quarter. California Public Employees Retirement System now owns 28,800 shares of the financial services provider’s stock worth $875,000 after buying an additional 1,700 shares during the period. Wells Fargo & Company MN raised its position in MidWestOne Financial Group by 3.8% in the third quarter. Wells Fargo & Company MN now owns 27,064 shares of the financial services provider’s stock worth $822,000 after buying an additional 1,001 shares during the period. Sei Investments Co. purchased a new position in MidWestOne Financial Group during the third quarter worth approximately $355,000. Prudential Financial Inc. raised its position in MidWestOne Financial Group by 2.6% in the third quarter. Prudential Financial Inc. now owns 30,632 shares of the financial services provider’s stock worth $930,000 after buying an additional 770 shares during the period. Finally, Pacific Ridge Capital Partners LLC purchased a new position in MidWestOne Financial Group during the third quarter worth approximately $328,000. 22.73% of the stock is currently owned by institutional investors and hedge funds.

About MidWestOne Financial Group

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.

5 Day Chart for NASDAQ:MOFG

Get a free copy of the Zacks research report on MidWestOne Financial Group (MOFG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about MidWestOne Financial Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for MidWestOne Financial Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit