Extremely important negative changes in investment behavior have recently occurred for MidWestOne Financial Group Inc (NASDAQ: MOFG): negative upside/downside volume developed, and its shorter term price trend turned down.
MidWestOne Financial Group Inc (NASDAQ: MOFG). Significant negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MOFG is expected to continue to be a modest Value Builder.
MidWestOne Financial Group has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MidWestOne Financial Group has a good Power Rating of 76 and a good Appreciation Score of 78, resulting in the Highest Value Trend Rating.
Recent Price Action
On 2/27/24, MidWestOne Financial Group Inc (NASDAQ: MOFG) stock declined slightly by -0.9%, closing at $22.85. However, trading volume in this decline was exceptionally low at 36% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.0% during the last week.
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