Stock Rating Downgrade
The Value Trend Rating for MidWestOne Financial Group Inc (NASDAQ: MOFG) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 6/21/24, MidWestOne Financial Group Inc (NASDAQ: MOFG) stock declined by -2.2%, closing at $20.46. Moreover, exceptionally high trading volume at 439% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -2.3% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. MidWestOne Financial Group has a good Appreciation Score of 85 but a slightly negative Power Rating of 35, producing the High Neutral Value Trend Rating.
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