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

21.80USD+0.30 (+1.40%)Market Closed

Market Summary

USD21.80+0.30

Market Closed

1.40%

MOFG Alerts

1 major insider buys and 1 major insider sales recently.

Big jump in Earnings (Y/Y)

MOFG Stock Price

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MOFG RSI Chart

MOFG Valuation

Market Cap

343.5M

Price/Earnings (Trailing)

15.11

Price/Sales (Trailing)

1.32

EV/EBITDA

2.06

Price/Free Cashflow

6.82

MOFG Price/Sales (Trailing)

MOFG Profitability

EBT Margin

10.50%

Return on Equity

4.3%

Return on Assets

0.34%

Free Cashflow Yield

14.67%

MOFG Fundamentals

MOFG Revenue

Revenue (TTM)

259.8M

Rev. Growth (Yr)

17.25%

Rev. Growth (Qtr)

6.35%

MOFG Earnings

Earnings (TTM)

22.7M

Earnings Growth (Yr)

134%

Earnings Growth (Qtr)

19.74%

Breaking Down MOFG Revenue

Last 7 days

0.4%

Last 30 days

10.2%

Last 90 days

-9.4%

Trailing 12 Months

14.1%

How does MOFG drawdown profile look like?

MOFG Financial Health

Debt/Equity

0.23

Debt/Cashflow

0.45

MOFG Investor Care

Dividend Yield

4.45%

Dividend/Share (TTM)

0.97

Shares Dilution (1Y)

0.51%

Diluted EPS (TTM)

1.44

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	259.8M	0	0	0
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

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
May 10, 2024	funk charles n	sold	-34,853	21.9066	-1,591	-
May 09, 2024	funk charles n	sold	-107,675	21.535	-5,000	-
May 07, 2024	funk charles n	sold	-56,613	21.3072	-2,657	-
May 06, 2024	funk charles n	sold	-64,200	21.4	-3,000	-
May 03, 2024	reeves charles n	bought	21,364	21.3649	1,000	chief executive officer
May 03, 2024	funk charles n	sold	-7,340	21.4	-343	-
May 01, 2024	reeves charles n	bought	20,802	20.8029	1,000	chief executive officer
Apr 30, 2024	reeves charles n	bought	20,715	20.7155	1,000	chief executive officer
Mar 11, 2024	reeves charles n	bought	99,997	22.4866	4,447	chief executive officer
Feb 15, 2024	ruppel john j	acquired	-	-	1,002	chief accounting officer

Which funds bought or sold MOFG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.88	-71,736	346,607	-%
May 15, 2024	CITADEL ADVISORS LLC	new	-	288,734	288,734	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-8.32	-216,682	859,287	-%
May 15, 2024	Royal Bank of Canada	reduced	-24.76	-133,000	252,000	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	sold off	-100	-323	-	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	3.7	-282,213	2,636,200	0.05%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	new	-	420,000	420,000	-%
May 15, 2024	QUADRANT CAPITAL GROUP LLC	unchanged	-	-441	2,977	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	reduced	-9.02	-76,295	291,430	-%
May 15, 2024	MidWestOne Financial Group, Inc.	reduced	-0.12	-14,548,900	97,372,400	17.49%

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

MOFG Alerts

1 major insider buys and 1 major insider sales recently.
Big jump in Earnings (Y/Y)

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
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading

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	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	6.3%	70.00	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
EBITDA Margin	-5.4%	0.69*	0.73*	0.87*	1.00*	1.12*	1.29*	1.34*	1.35*	1.37*	1.40*	1.39*	1.17*	-	-	-	-	-	-	-	-	-
Interest Expenses	6.7%	35.00	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
Income Taxes	560.6%	1.00	-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
Earnings Before Taxes	67.6%	4.00	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
EBT Margin	5.5%	0.10*	0.10*	0.17*	0.23*	0.28*	0.39*	0.41*	0.42*	0.45*	0.51*	0.51*	0.30*	-	-	-	-	-	-	-	-	-
Net Income	19.7%	3.00	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
Net Income Margin	4.7%	0.09*	0.08*	0.14*	0.19*	0.23*	0.31*	0.32*	0.33*	0.35*	0.39*	0.40*	0.20*	-	-	-	-	-	-	-	-	-
Free Cashflow	82.8%	9.00	5.00	14.00	22.00	17.00	17.00	28.00	18.00	25.00	64.00	-32.93	64.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	5.0%	6,748	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
Cash Equivalents	19.6%	98.00	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
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90.00	91.00	91.00	93.00	75.00
Goodwill	13.8%	71.00	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
Liabilities	5.4%	6,220	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
Short Term Borrowings	40.9%	423	300	374	362	144	392	305	194	181	181	188	212	176	231	184	162	129	139	155	154	76.00
Long Term Debt	-1.0%	122	123	125	126	138	139	154	159	140	155	155	170	202	209	245	190	210	232	245	253	162
Shareholder's Equity	0.7%	528	524	505	501	501	493	472	489	504	527	530	530	511	515	499	521	501	509	498	488	364
Retained Earnings	-0.2%	294	295	296	291	287	289	277	262	254	243	233	220	206	188	175	198	190	201	191	182	174
Additional Paid-In Capital	-0.4%	301	302	302	301	301	302	301	301	301	301	300	300	300	300	300	300	299	297	297	297	188
Shares Outstanding	0.4%	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	42.3%	9,588	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
Share Based Compensation	89.6%	641	338	692	725	648	704	640	637	560	631	471	667	384	249	397	388	346	295	257	312	292
Cashflow From Investing	-182.1%	-38,337	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
Cashflow From Financing	196.4%	44,784	-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
Dividend Payments	0.4%	3,820	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
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

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MOFG Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest income
Loans, including fees	$ 57,947	$ 46,490
Taxable investment securities	9,460	10,444
Tax-exempt investment securities	1,710	2,127
Other	418	244
Total interest income	69,535	59,305
Interest expense
Deposits	27,726	15,319
Short-term borrowings	4,975	1,786
Long-term debt	2,103	2,124
Total interest expense	34,804	19,229
Net interest income	34,731	40,076
Credit loss expense	4,689	933
Net interest income after credit loss expense	30,042	39,143
Noninterest income (loss)
Investment services and trust activities	3,503	2,933
Service charges and fees	2,144	2,008
Card revenue	1,943	1,748
Loan revenue	856	1,420
Bank-owned life insurance	660	602
Investment securities gains (losses), net	36	(13,170)
Other	608	413
Total noninterest income (loss)	9,750	(4,046)
Noninterest expense
Compensation and employee benefits	20,930	19,607
Occupancy expense of premises, net	2,813	2,746
Equipment	2,600	2,171
Legal and professional	2,059	1,736
Data processing	1,360	1,363
Marketing	598	986
Amortization of intangibles	1,637	1,752
FDIC insurance	942	749
Communications	196	261
Foreclosed assets, net	358	(28)
Other	2,072	1,976
Total noninterest expense	35,565	33,319
Income before income tax expense	4,227	1,778
Income tax expense	958	381
Net income	$ 3,269	$ 1,397
Per common share information
Earnings - basic (in dollars per share)	$ 0.21	$ 0.09
Earnings - diluted (in dollars per share)	0.21	0.09
Dividends paid (in dollars per share)	$ 0.2425	$ 0.2425

MOFG Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 68,430	$ 76,237
Interest earning deposits in banks	29,328	5,479
Federal funds sold	4	11
Total cash and cash equivalents	97,762	81,727
Debt securities available for sale at fair value	797,230	795,134
Held to maturity securities at amortized cost	1,064,939	1,075,190
Total securities	1,862,169	1,870,324
Loans held for sale	2,329	1,045
Gross loans held for investment	4,433,258	4,138,352
Unearned income, net	(18,612)	(11,405)
Loans held for investment, net of unearned income	4,414,646	4,126,947
Allowance for credit losses	(55,900)	(51,500)
Total loans held for investment, net	4,358,746	4,075,447
Premises and equipment, net	95,986	85,742
Goodwill	71,118	62,477
Other intangible assets, net	29,531	24,069
Foreclosed assets, net	3,897	3,929
Other assets	226,477	222,780
Total assets	6,748,015	6,427,540
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest bearing deposits	920,764	897,053
Interest bearing deposits	4,664,472	4,498,620
Total deposits	5,585,236	5,395,673
Short-term borrowings	422,988	300,264
Long-term debt	122,066	123,296
Other liabilities	89,685	83,929
Total liabilities	6,219,975	5,903,162
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 15,750,471 and 15,694,306	16,581	16,581
Additional paid-in capital	300,845	302,157
Retained earnings	294,066	294,784
Treasury stock at cost, 830,546 and 886,711 shares	(22,648)	(24,245)
Accumulated other comprehensive loss	(60,804)	(64,899)
Total shareholders' equity	528,040	524,378
Total liabilities and shareholders' equity	$ 6,748,015	$ 6,427,540

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 Fri May 17 2024, market cap of MidWestOne Financial Group Inc is 343.47 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 Fri May 17 2024, MOFG's PE ratio (Price to Earnings) is 15.11 and Price to Sales (PS) ratio is 1.32. 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 0.016 (multiply by 100 for percentage) rate of return.