Stock Rating Upgrade
In the last week the Value Trend Rating for MidWestOne Financial Group Inc (NASDAQ: MOFG) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 9/13/24, MidWestOne Financial Group Inc (NASDAQ: MOFG) stock enjoyed a large increase of 3.7%, closing at $28.78. However, this advance was accompanied by unusually low trading volume at 62% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MidWestOne Financial Group has a slightly positive Power Rating of 68 and a good Appreciation Score of 75, resulting in the Positive Value Trend Rating.
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