MidWestOne Financial Group Inc (NASDAQ: MOFG) has reported E.P.S. of $1.00 for its second fiscal quarter (ending June 30) versus $0.48 for the same period a year ago — an increase of 108%. Relative to the consensus estimate of $0.48, this was a premium of $0.52. For the latest four quarters through June 30, E.P.S. were $1.96 compared to $2.76 a year ago — a decline of -29%.
Recent Price Action
MidWestOne Financial Group Inc (NASDAQ: MOFG) stock closed at $28.54 on 7/25/24 after a large increase of 3.3%. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 2.8% 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 (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MidWestOne Financial Group has a good Appreciation Score of 78 but a slightly negative Power Rating of 33, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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