MidWestOne Financial Group (NASDAQ:MOFG) Upgraded at StockNews.com
From MarketBeat:
MidWestOne Financial Group (NASDAQ:MOFG – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating on Thursday. The company has a consensus rating of “Moderate Buy” with an average price target of $24.50, based on data from MarketBeat.com. The current stock price is $25.73.
MidWestOne Financial Group (NASDAQ:MOFG – Get Free Report) last reported quarterly earnings of $0.58 per share on Thursday, October 26th, meeting analyst estimates. The company reported $44.44 million in revenue for the quarter.
Institutional investors hold 65.30% of MidWestOne Financial Group’s stock, with The Manufacturers Life Insurance Company and BlackRock Inc. being the top two institutional investors. The company has a market capitalization of $403.70 million and a 50-day moving average price of $23.75.
MidWestOne Financial Group, Inc operates as the bank holding company for MidWestOne Bank. Its range of deposit products includes noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts. The company offers commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers.
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