MidWestOne Financial Group (MOFG)

• Market cap: $628M
• 1 day: 1.96%
• 5 days: 10.98%
• 1 month: -7.13%
• 3 months: 0.90%
• 6 months: 8.86%
• Year to date: 6.07%
• 1 year: 22.49%
• 5 years: -11.92%
• 10 years: 7.73%
• Sector: Financials
• Industry: State Commercial Banks

About: MidWestOne Financial Group Inc is a bank holding company engaged in delivering relationship-based business and personal banking products and services. The Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans. It also provides deposit products including demand and interest checking accounts, savings accounts, money market accounts, and time deposits. The Bank also provides products and services including treasury management, Zelle, online and mobile banking, debit cards, ATMs, and safe deposit boxes. The Bank offers its products and services through its network of full-service banking offices. the Bank's investments services department offers financial planning, investment advisory, and retail securities brokerage services.

Employees: 732

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

550% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 6

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

91% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 23

86% more capital invested

Capital invested by funds: $247M [Q2] → $459M (+$212M) [Q3]

37% more funds holding

Funds holding: 86 [Q2] → 118 (+32) [Q3]

32.48% more ownership

Funds ownership: 69.57% [Q2] → 102.05% (+32.48%) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $32 4% upside
• Avg. target: $35 17% upside
• High target: $39 29% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Keefe, Bruyette & Woods Damon Delmonte 33% 1-year accuracy 7 / 21 met price target	29% upside $39	Outperform Upgraded	17 Dec 2024
Piper Sandler Nathan Race 76% 1-year accuracy 16 / 21 met price target	4% upside $32	Neutral Maintained	28 Oct 2024