MOFG - MidWestOne Financial Group Inc Stock Price, Fair Value and News

20.36USD-0.27 (-1.31%)Delayed as of 30 Apr 2024, 01:52 pm ET

Market Summary

USD20.36-0.27

Delayedas of 30 Apr 2024, 01:52 pm

-1.31%

MOFG Stock Price

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MOFG RSI Chart

MOFG Valuation

Market Cap

324.9M

Price/Earnings (Trailing)

15.58

Price/Sales (Trailing)

1.3

EV/EBITDA

2.02

Price/Free Cashflow

5.55

MOFG Price/Sales (Trailing)

MOFG Profitability

EBT Margin

9.95%

Return on Equity

3.98%

Return on Assets

0.32%

Free Cashflow Yield

18.01%

MOFG Fundamentals

MOFG Revenue

Revenue (TTM)

249.6M

Rev. Growth (Yr)

15.2%

Rev. Growth (Qtr)

2.85%

MOFG Earnings

Earnings (TTM)

20.9M

Earnings Growth (Yr)

-82.94%

Earnings Growth (Qtr)

-70.12%

Breaking Down MOFG Revenue

52 Week Range

17.8025.41

(Low)(High)

Last 7 days

-2.5%

Last 30 days

-12.0%

Last 90 days

-21.6%

Trailing 12 Months

-0.3%

How does MOFG drawdown profile look like?

MOFG Financial Health

Debt/Equity

0.24

Debt/Cashflow

0.51

MOFG Investor Care

Dividend Yield

4.7%

Dividend/Share (TTM)

0.97

Shares Dilution (1Y)

0.48%

Diluted EPS (TTM)

1.32

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	214.2M	230.8M	241.0M	249.6M
2022	174.4M	175.4M	183.6M	196.8M
2021	181.6M	178.6M	178.7M	176.8M
2020	196.5M	198.3M	189.3M	184.8M
2019	130.6M	143.8M	165.6M	182.4M
2018	121.6M	123.6M	125.4M	128.1M
2017	112.4M	114.2M	116.7M	119.3M
2016	112.7M	115.6M	113.5M	112.3M
2015	65.0M	74.0M	88.0M	100.7M
2014	64.8M	64.2M	64.1M	64.4M
2013	69.0M	68.5M	67.0M	66.1M
2012	69.2M	69.1M	69.5M	69.3M
2011	70.0M	69.3M	68.8M	68.6M
2010	0	72.6M	71.8M	71.0M
2009	0	0	0	73.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of MidWestOne Financial Group Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 11, 2024	reeves charles n	bought	99,997	22.4866	4,447	chief executive officer
Feb 15, 2024	funk charles n	sold (taxes)	-73,170	24.48	-2,989	-
Feb 15, 2024	lindstrom david e	sold (taxes)	-31,970	24.48	-1,306	evp, consumer banking
Feb 15, 2024	lindstrom david e	acquired	-	-	4,049	evp, consumer banking
Feb 15, 2024	devaisher len d	sold (taxes)	-59,706	24.48	-2,439	president and coo
Feb 15, 2024	devaisher len d	acquired	-	-	8,587	president and coo
Feb 15, 2024	sims gary l	sold (taxes)	-35,079	24.48	-1,433	svp & chief credit officer
Feb 15, 2024	sims gary l	acquired	-	-	4,689	svp & chief credit officer
Feb 15, 2024	funk charles n	acquired	-	-	5,804	-
Feb 15, 2024	reeves charles n	acquired	-	-	6,536	chief executive officer

Which funds bought or sold MOFG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	SIMPLEX TRADING, LLC	sold off	-100	-2,000	-	-%
Apr 25, 2024	INVESTMENT ADVISORY SERVICES INC /TX /ADV	unchanged	-	-31,230	210,960	0.08%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-3.77	-367,077	1,901,660	-%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	unchanged	-	-5,358	36,191	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-60.86	-23,000	11,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	49,047	200,587	-%
Apr 05, 2024	CWM, LLC	new	-	-	-	-%
Apr 05, 2024	GAMMA Investing LLC	added	40.00	73.00	328	-%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	added	117	1,983	3,041	-%
Mar 11, 2024	VANGUARD GROUP INC	added	5.28	4,679,760	16,569,000	-%

Are Funds Buying or Selling MOFG?

Are funds buying MOFG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MOFG

No. of Funds

Unveiling MidWestOne Financial Group Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 25, 2024	blackrock inc.	8.4%	1,313,100	SC 13G/A
Feb 03, 2023	blackrock inc.	7.9%	1,241,041	SC 13G/A
Feb 03, 2022	blackrock inc.	6.4%	1,002,174	SC 13G/A
Feb 02, 2021	blackrock inc.	6.8%	1,090,563	SC 13G
Feb 10, 2020	blackrock inc.	5.1%	829,346	SC 13G
Feb 10, 2020	blackrock inc.	4.96%	801,440	SC 13G/A
Feb 04, 2020	royce & associates lp	0.74%	119,978	SC 13G/A

Recent SEC filings of MidWestOne Financial Group Inc

View All Filings

Date Filed	Form Type	Document
Apr 29, 2024	3	Insider Trading
Apr 29, 2024	3	Insider Trading
Apr 26, 2024	8-K	Current Report
Apr 25, 2024	8-K	Current Report
Apr 12, 2024	8-K	Current Report
Mar 20, 2024	ARS	ARS
Mar 11, 2024	4	Insider Trading
Mar 11, 2024	DEFR14A	DEFR14A
Mar 08, 2024	10-K	Annual Report
Mar 08, 2024	DEF 14A	DEF 14A

Peers (Alternatives to MidWestOne Financial Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	556.7B	171.1B	-3.50%	39.81%	11.24	3.25	60.72%	31.52%
BAC	295.6B	130.3B	-0.98%	28.24%	11.15	2.27	79.51%	-3.68%
WFC	213.9B	85.7B	3.17%	50.44%	11.18	2.5	41.49%	39.96%
C	119.0B	133.3B	-1.55%	32.27%	12.9	0.89	79.09%	-
CFG	16.0B	10.2B	-3.61%	14.73%	9.98	1.57	44.53%	-22.43%
KEY	13.8B	7.9B	-6.83%	30.82%	14.22	1.74	46.47%	-49.56%
MID-CAP
CMA	6.9B	4.2B	-6.49%	18.56%	9.93	1.63	34.68%	-45.96%
ZION	6.1B	3.9B	-4.79%	48.31%	9	1.55	45.91%	-25.03%
ABCB	3.3B	1.3B	0.25%	44.78%	12.44	2.61	43.24%	-22.35%
ASB	3.3B	2.0B	0.37%	21.09%	17.83	1.67	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	395.5M	164.9M	-8.20%	39.26%	33.82	2.4	42.66%	-70.76%
AROW	377.4M	162.6M	-8.87%	5.60%	12.55	2.32	25.39%	-38.37%
ACNB	274.3M	96.6M	-14.23%	6.33%	8.66	2.84	11.02%	-11.37%
ASRV	42.0M	60.9M	-5.77%	-17.79%	-12.56	0.69	24.06%	-144.92%

MidWestOne Financial Group Inc News

Latest updates

MidWestOne Financial Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.9%	65.00	64.00	61.00	59.00	57.00	53.00	45.00	42.00	44.00	45.00	44.00	44.00	45.00	45.00	47.00	47.00	50.00	54.00	45.00	33.00	33.00
EBITDA Margin	-16.1%	0.73*	0.87*	1.00*	1.12*	1.29*	1.34*	1.35*	1.37*	1.40*	1.39*	1.17*	1.11*	-	-	-	-	-	-	-	-	-
Interest Expenses	-5.8%	33.00	35.00	37.00	40.00	44.00	46.00	40.00	37.00	39.00	40.00	39.00	39.00	39.00	38.00	39.00	37.00	40.00	43.00	35.00	26.00	27.00
Income Taxes	-109.4%	-0.21	2.00	2.00	0.00	3.00	5.00	4.00	3.00	5.00	5.00	5.00	6.00	4.00	2.00	3.00	-2.20	-1.79	3.00	3.00	2.00	2.00
Earnings Before Taxes	-77.8%	3.00	11.00	9.00	2.00	19.00	23.00	17.00	17.00	19.00	21.00	22.00	27.00	21.00	-17.55	14.00	-4.17	12.00	16.00	14.00	9.00	9.00
EBT Margin	-42.6%	0.10*	0.17*	0.23*	0.28*	0.39*	0.41*	0.42*	0.45*	0.51*	0.51*	0.30*	0.25*	-	-	-	-	-	-	-	-	-
Net Income	-70.1%	3.00	9.00	8.00	1.00	16.00	18.00	13.00	14.00	14.00	16.00	17.00	22.00	17.00	-19.82	12.00	-1.97	13.00	12.00	11.00	7.00	8.00
Net Income Margin	-41.0%	0.08*	0.14*	0.19*	0.23*	0.31*	0.32*	0.33*	0.35*	0.39*	0.40*	0.20*	0.17*	-	-	-	-	-	-	-	-	-
Free Cashflow	-64.5%	5.00	14.00	22.00	17.00	17.00	28.00	18.00	25.00	64.00	-32.93	64.00	15.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.6%	6,428	6,468	6,521	6,410	6,578	6,491	6,442	5,960	6,025	5,875	5,749	5,737	5,557	5,331	5,231	4,764	4,654	4,648	4,662	3,309	3,291
Cash Equivalents	9.3%	82.00	75.00	145	69.00	86.00	79.00	84.00	60.00	204	139	63.00	146	83.00	135	117	126	73.00	87.00	121	43.00	45.00
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90.00	91.00	91.00	93.00	75.00	76.00
Goodwill	0.0%	63.00	62.00	62.00	63.00	63.00	62.00	63.00	63.00	63.00	63.00	62.00	63.00	62.00	62.00	94.00	94.00	92.00	29.00	29.00	65.00	65.00
Liabilities	-1.0%	5,903	5,962	6,020	5,909	6,085	6,019	5,954	5,456	5,498	5,345	5,219	5,226	5,041	4,832	4,710	4,263	4,145	4,150	4,174	2,945	2,934
Short Term Borrowings	-19.7%	300	374	362	144	392	305	194	181	181	188	212	176	231	184	162	129	139	155	154	76.00	131
Long Term Debt	-1.0%	123	125	126	138	139	154	159	140	155	155	170	202	209	245	190	210	232	245	253	162	169
Shareholder's Equity	3.8%	524	505	501	501	493	472	489	504	527	530	530	511	515	499	521	501	509	498	488	364	357
Retained Earnings	-0.4%	295	296	291	287	289	277	262	254	243	233	220	206	188	175	198	190	201	191	182	174	169
Additional Paid-In Capital	0.1%	302	302	301	301	302	301	301	301	301	300	300	300	300	300	300	299	297	297	297	188	188
Shares Outstanding	0.0%	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	335	-	-	-	465	-	-	-	459	-	-	-	322	-	-	-	454	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-54.9%	6,736	14,946	23,289	17,599	18,009	28,243	17,900	26,176	64,365	-32,100	64,264	15,025	-32,881	13,326	7,305	21,409	7,895	21,169	6,589	11,661	11,776
Share Based Compensation	-51.2%	338	692	725	648	704	640	637	560	631	471	667	384	249	397	388	346	295	257	312	292	258
Cashflow From Investing	601.1%	46,677	-9,314	-40,179	132,544	-70,787	-74,304	-14,361	-113,817	-144,216	-7,666	-144,510	-131,926	-237,160	-137,383	-430,401	-62,497	3,524	-27,945	117,795	-20,629	-32,092
Cashflow From Financing	38.4%	-46,474	-75,402	92,230	-167,360	60,699	40,711	20,496	-56,360	145,167	114,846	-2,089	180,011	217,838	141,709	414,761	93,149	-24,602	-27,066	-46,846	6,459	12,417
Dividend Payments	0.0%	3,806	3,805	3,804	3,801	3,712	3,710	3,719	3,729	3,529	3,555	3,600	3,598	3,536	3,541	3,542	3,556	3,273	3,277	2,461	2,465	2,382
Buy Backs	-	-	-	-	-	-5.00	431	1,943	356	1,827	6,880	1,148	1,699	2,020	-	-	2,604	567	1,217	1,596	1,299	1,048

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MOFG Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income
Loans, including fees	$ 202,179	$ 148,284	$ 141,036
Taxable investment securities	38,978	39,019	25,692
Tax-exempt investment securities	7,540	9,379	9,947
Other	916	77	91
Total interest income	249,613	196,759	176,766
Interest expense
Deposits	85,764	20,245	13,198
Short-term borrowings	11,119	3,070	551
Long-term debt	8,558	7,086	6,736
Total interest expense	105,441	30,401	20,485
Net interest income	144,172	166,358	156,281
Credit loss expense (benefit)	5,849	4,492	(7,336)
Net interest income after credit loss expense (benefit)	138,323	161,866	163,617
Noninterest income
Investment services and trust activities	12,249	11,223	11,675
Service charges and fees	8,349	7,477	6,259
Card revenue	7,214	7,210	7,015
Loan revenue	4,700	10,504	12,948
Bank-owned life insurance	2,500	2,305	2,162
Investment securities (losses) gains, net	(18,789)	271	242
Other	2,200	8,529	2,152
Total noninterest income	18,423	47,519	42,453
Noninterest expense
Compensation and employee benefits	76,410	78,103	69,937
Occupancy expense of premises, net	10,034	10,272	9,274
Equipment	9,195	8,693	7,816
Legal and professional	7,365	8,646	5,256
Data processing	5,799	5,574	5,216
Marketing	3,610	4,272	4,022
Amortization of intangibles	6,247	6,069	5,357
FDIC insurance	3,294	1,660	1,572
Communications	910	1,125	1,332
Foreclosed assets, net	13	(18)	233
Other	9,036	8,392	6,577
Total noninterest expense	131,913	132,788	116,592
Income before income tax expense	24,833	76,597	89,478
Income tax expense	3,974	15,762	19,992
Net income	$ 20,859	$ 60,835	$ 69,486
Per common share information
Earnings - basic (in dollars per share)	$ 1.33	$ 3.89	$ 4.38
Earnings - diluted (in dollars per share)	$ 1.33	$ 3.87	$ 4.37

MOFG Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 76,237	$ 83,990
Interest earning deposits in banks	5,479	2,445
Federal funds sold	11	0
Total cash and cash equivalents	81,727	86,435
Debt securities available for sale at fair value	795,134	1,153,547
Held to maturity securities at amortized cost	1,075,190	1,129,421
Total securities	1,870,324	2,282,968
Loans held for sale	1,045	612
Gross loans held for investment	4,138,352	3,854,791
Unearned income, net	(11,405)	(14,267)
Loans held for investment, net of unearned income	4,126,947	3,840,524
Allowance for credit losses	(51,500)	(49,200)
Total loans held for investment, net	4,075,447	3,791,324
Premises and equipment, net	85,742	87,125
Goodwill	62,477	62,477
Other intangible assets, net	24,069	30,315
Foreclosed assets, net	3,929	103
Other assets	222,780	236,517
Total assets	6,427,540	6,577,876
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest bearing deposits	897,053	1,053,450
Interest bearing deposits	4,498,620	4,415,492
Total deposits	5,395,673	5,468,942
Short-term borrowings	300,264	391,873
Long-term debt	123,296	139,210
Other liabilities	83,929	85,058
Total liabilities	5,903,162	6,085,083
Commitments and contingencies (Note 18)
Shareholders' equity
Preferred stock, no par value; authorized 500,000 shares; no shares issued and outstanding	0	0
Common stock, $1.00 par value; authorized 30,000,000 shares; issued shares of 16,581,017 and 16,581,017; outstanding shares of 15,694,306 and 15,623,977	16,581	16,581
Additional paid-in capital	302,157	302,085
Retained earnings	294,784	289,289
Treasury stock at cost, 886,711 and 957,040 shares	(24,245)	(26,115)
Accumulated other comprehensive loss	(64,899)	(89,047)
Total shareholders' equity	524,378	492,793
Total liabilities and shareholders' equity	$ 6,427,540	$ 6,577,876

About MidWestOne Financial Group Inc

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, which includes noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts. The company provides commercial, real estate, agricultural, credit card, and consumer loans; and financing arrangements including brokered deposits, term debt, subordinated debt, and equity. In addition, it offers trust and investment services, which includes administering estates, personal trusts, and conservatorships; property and farm management, investment advisory, retail securities brokerage, financial planning, and custodial services; and licensed brokers services including securities trading, financial planning, mutual funds sales, fixed and variable annuities, tax-exempt, and conventional unit trusts. Further, the company provides online and mobile banking, debit cards, automated teller machines, and safe deposit boxes. MidWestOne Financial Group, Inc. was incorporated in 1983 and is headquartered in Iowa City, Iowa.

CEO	Mr. Charles N. Reeves
WEBSITE	midwestonefinancial.com
INDUSTRY	Banks Diversified
EMPLOYEES	784

MidWestOne Financial Group Inc Frequently Asked Questions

What is the ticker symbol for MidWestOne Financial Group Inc? What does MOFG stand for in stocks?

MOFG is the stock ticker symbol of MidWestOne Financial Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of MidWestOne Financial Group Inc (MOFG)?

As of Mon Apr 29 2024, market cap of MidWestOne Financial Group Inc is 324.93 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MOFG stock?

You can check MOFG's fair value in chart for subscribers.

What is the fair value of MOFG stock?

You can check MOFG's fair value in chart for subscribers. The fair value of MidWestOne Financial Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of MidWestOne Financial Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MOFG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is MidWestOne Financial Group Inc a good stock to buy?

The fair value guage provides a quick view whether MOFG is over valued or under valued. Whether MidWestOne Financial Group Inc is cheap or expensive depends on the assumptions which impact MidWestOne Financial Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MOFG.

What is MidWestOne Financial Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 29 2024, MOFG's PE ratio (Price to Earnings) is 15.58 and Price to Sales (PS) ratio is 1.3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MOFG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on MidWestOne Financial Group Inc's stock?

In the past 10 years, MidWestOne Financial Group Inc has provided 0.003 (multiply by 100 for percentage) rate of return.