Institutional Investors Are Betting On Midwestone Financial Group Inc (NASDAQ:MOFG)

July 26, 2017 - By Darrin Black

 Institutional Investors Are Betting On Midwestone Financial Group Inc (NASDAQ:MOFG)

Sentiment for Midwestone Financial Group Inc (NASDAQ:MOFG)

Midwestone Financial Group Inc (NASDAQ:MOFG) institutional sentiment decreased to 2.92 in 2016 Q4. Its down -0.08, from 3 in 2016Q3. The ratio has dropped, as 35 funds opened new and increased holdings, while 12 sold and reduced stock positions in Midwestone Financial Group Inc. The funds in our partner’s database reported: 2.85 million shares, up from 2.54 million shares in 2016Q3. Also, the number of funds holding Midwestone Financial Group Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 9 Increased: 22 New Position: 13.

MidWestOne Financial Group, Inc. is a bank holding and financial holding company. The company has market cap of $429.97 million. The Firm 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. It has a 18.63 P/E ratio. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida.

It closed at $34.95 lastly. It is down 22.57% since July 26, 2016 and is uptrending. It has outperformed by 5.87% the S&P500.

Wall Street await MidWestOne Financial Group, Inc. (NASDAQ:MOFG) to release earnings on August, 3. Analysts forecast earnings per share of $0.58, up exactly $0.07 or 13.73 % from 2014’s $0.51 EPS. The expected MOFG’s profit could reach $7.14 million giving the stock 15.06 P/E in the case that $0.58 earnings per share is reported. After posting $0.58 EPS for the previous quarter, MidWestOne Financial Group, Inc.’s analysts now forecast 0.00 % EPS growth.

Castine Capital Management Llc holds 1.74% of its portfolio in MidWestOne Financial Group, Inc. for 110,830 shares. At Bancorp owns 288,256 shares or 1.44% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 0.15% invested in the company for 11,010 shares. The Illinois-based Pl Capital Advisors Llc has invested 0.06% in the stock. Emerald Mutual Fund Advisers Trust, a Pennsylvania-based fund reported 25,908 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 2 sales for $65.77 million activity.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Ratings Coverage

Ratings analysis reveals 50% of MidWestOne Financial Group’s analysts are positive. Out of 2 Wall Street analysts rating MidWestOne Financial Group, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $37 while the high is $4000. The stock’s average target of $38.50 is 10.16% above today’s ($34.95) share price. MOFG was included in 2 notes of analysts from April 6, 2017. The stock of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, June 22.

Another recent and important MidWestOne Financial Group, Inc. (NASDAQ:MOFG) news was published by Prnewswire.com which published an article titled: “MidWestOne Financial Group, Inc. Announces Launch of Public Offering of Common …” on March 16, 2017.

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