For its first fiscal quarter (ending March 31), MidWestOne Financial Group Inc (NASDAQ: MOFG) has reported E.P.S. of $0.21 compared to $0.09 a year ago. E.P.S. were $1.44 for the latest four quarters through March 31 versus $3.09 for the same period a year ago.
Recent Price Action
On 4/25/24, MidWestOne Financial Group Inc (NASDAQ: MOFG) stock declined by -2.1%, closing at $20.99. However, this decline was accompanied by below average trading volume at 78% of normal. The stock has performed in line with the market over the last nine months and has risen 6.1% during the last week.
Current PriceTarget Research Rating
MOFG is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
MidWestOne Financial Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. MidWestOne Financial Group has a neutral Power Rating of 53 but a good Appreciation Score of 85, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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