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MidWestOne Financial Group

Nasdaq:MOFG
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MOFG
Nasdaq
$326M
Market Cap
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Last updated 2019/03/26 00:12
Company description

MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. The last earnings update was 18 days ago. More info.

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MOFG Share Price and Events
7 Day Returns
-9.7%
NasdaqGS:MOFG
-7.5%
US Banks
-1.1%
US Market
1 Year Returns
-18.2%
NasdaqGS:MOFG
-9.7%
US Banks
5.8%
US Market
MOFG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MidWestOne Financial Group (MOFG) -9.7% -16.5% 9.9% -18.2% -2.7% 3.1%
US Banks -7.5% -7.4% 12.1% -9.7% 40.7% 32.8%
US Market -1.1% -0.2% 19.7% 5.8% 37.9% 41.7%
1 Year Return vs Industry and Market
  • MOFG underperformed the Banks industry which returned -9.7% over the past year.
  • MOFG underperformed the Market in United States of America which returned 5.8% over the past year.
Price Volatility
MOFG
Industry
5yr Volatility vs Market

Value

 Is MidWestOne Financial Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MidWestOne Financial Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MidWestOne Financial Group.

NasdaqGS:MOFG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $31.37 * 7.1% 		$2.22
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $31.37
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:MOFG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.611 (1 + (1- 21%) (91.92%)) 		1.037
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.037 * 5.96%) 		8.91%

Discounted Cash Flow Calculation for NasdaqGS:MOFG using Excess Returns Model Model

The calculations below outline how an intrinsic value for MidWestOne Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:MOFG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 8.91%) * $31.37) 		$-0.58
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.58 / (8.91% - 2.73%) 		$-9.38
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $31.37 + $-9.38 		$21.99
NasdaqGS:MOFG Discount to Share Price
Calculation Result
Value per share (USD) From above. $21.99
Current discount Discount to share price of $26.75
= -1 x ($26.75 - $21.99) / $21.99 		-21.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of MidWestOne Financial Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MidWestOne Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MidWestOne Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MOFG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.48
NasdaqGS:MOFG Share Price ** NasdaqGS (2019-03-25) in USD $26.75
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 12.68x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MidWestOne Financial Group.

NasdaqGS:MOFG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MOFG Share Price ÷ EPS (both in USD)

= 26.75 ÷ 2.48

 10.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MidWestOne Financial Group is good value based on earnings compared to the US Banks industry average.
  • MidWestOne Financial Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does MidWestOne Financial Group's expected growth come at a high price?
Raw Data
NasdaqGS:MOFG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts		 Not available
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.13x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for MidWestOne Financial Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MidWestOne Financial Group's assets?
Raw Data
NasdaqGS:MOFG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $29.32
NasdaqGS:MOFG Share Price * NasdaqGS (2019-03-25) in USD $26.75
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,166 Publicly-Listed Companies 1.85x
NasdaqGS:MOFG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MOFG Share Price ÷ Book Value per Share (both in USD)

= 26.75 ÷ 29.32

 0.91x

* Primary Listing of MidWestOne Financial Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MidWestOne Financial Group is good value based on assets compared to the US Banks industry average.
Show me more potentially undervalued companies in the Banks industry
X
Value checks
We assess MidWestOne Financial Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
    5. MidWestOne Financial Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is MidWestOne Financial Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.3%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is MidWestOne Financial Group expected to grow at an attractive rate?
  • MidWestOne Financial Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • MidWestOne Financial Group's earnings growth is positive but not above the United States of America market average.
  • MidWestOne Financial Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MOFG Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:MOFG Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13.3%
NasdaqGS:MOFG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 12.3%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:MOFG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MOFG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 155 2
2019-12-31 141 2
NasdaqGS:MOFG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 121 43 30
2018-09-30 114 38 21
2018-06-30 110 39 21
2018-03-31 110 34 20
2017-12-31 109 41 19
2017-09-30 113 40 24
2017-06-30 115 41 24
2017-03-31 114 44 22
2016-12-31 115 38 20
2016-09-30 121 43 25
2016-06-30 122 50 26
2016-03-31 119 36 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MidWestOne Financial Group's earnings are expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
  • MidWestOne Financial Group's revenue is expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:MOFG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from MidWestOne Financial Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MOFG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.25 3.25 3.25 1.00
2019-12-31 3.05 3.05 3.05 1.00
NasdaqGS:MOFG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.48
2018-09-30 1.73
2018-06-30 1.69
2018-03-31 1.62
2017-12-31 1.55
2017-09-30 2.04
2017-06-30 2.06
2017-03-31 1.88
2016-12-31 1.78
2016-09-30 2.17
2016-06-30 2.29
2016-03-31 2.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • MidWestOne Financial Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MidWestOne Financial Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MidWestOne Financial Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MidWestOne Financial Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MidWestOne Financial Group's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MidWestOne Financial Group's year on year earnings growth rate has been positive over the past 5 years.
  • MidWestOne Financial Group's 1-year earnings growth exceeds its 5-year average (62.3% vs 4.9%)
  • MidWestOne Financial Group's earnings growth has exceeded the US Banks industry average in the past year (62.3% vs 43.5%).
Earnings and Revenue History
MidWestOne Financial Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MidWestOne Financial Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MOFG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 121.47 30.35 69.69
2018-09-30 113.62 21.14 69.37
2018-06-30 110.25 20.70 67.70
2018-03-31 109.77 19.78 66.99
2017-12-31 109.21 18.70 66.81
2017-09-30 113.44 24.16 66.41
2017-06-30 114.71 24.04 66.28
2017-03-31 113.74 21.56 67.15
2016-12-31 115.06 20.39 68.04
2016-09-30 121.03 24.76 68.93
2016-06-30 121.81 26.15 68.48
2016-03-31 119.36 25.87 65.25
2015-12-31 106.11 25.12 56.93
2015-09-30 91.78 20.79 48.95
2015-06-30 79.12 18.06 41.82
2015-03-31 69.32 18.35 36.64
2014-12-31 68.97 18.52 36.38
2014-09-30 68.06 19.04 35.11
2014-06-30 67.45 19.01 34.81
2014-03-31 67.06 18.79 34.71
2013-12-31 67.34 18.61 35.03
2013-09-30 67.73 18.54 35.54
2013-06-30 67.31 17.91 35.68
2013-03-31 71.41 16.89 41.63
2012-12-31 70.71 16.53 41.37
2012-09-30 69.50 15.53 41.12
2012-06-30 68.68 14.92 40.77
2012-03-31 62.48 14.42 34.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • MidWestOne Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MidWestOne Financial Group used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if MidWestOne Financial Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess MidWestOne Financial Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MidWestOne Financial Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MidWestOne Financial Group's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of MidWestOne Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MidWestOne Financial Group Company Filings, last reported 2 months ago.

NasdaqGS:MOFG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 357.07 299.25 30.58
2018-09-30 349.19 263.77 53.38
2018-06-30 346.20 304.47 43.26
2018-03-31 341.38 251.54 42.40
2017-12-31 340.30 248.52 41.57
2017-09-30 346.56 287.19 42.10
2017-06-30 342.87 234.24 49.40
2017-03-31 327.51 202.56 54.47
2016-12-31 305.46 274.06 36.43
2016-09-30 309.58 225.20 51.96
2016-06-30 305.20 211.10 110.96
2016-03-31 301.78 214.73 60.71
2015-12-31 296.18 202.05 45.10
2015-09-30 290.67 203.54 92.33
2015-06-30 277.97 218.34 46.60
2015-03-31 197.39 157.69 21.46
2014-12-31 192.73 186.69 21.61
2014-09-30 188.94 179.51 67.41
2014-06-30 186.52 181.39 22.28
2014-03-31 183.14 176.66 35.26
2013-12-31 178.02 189.03 23.29
2013-09-30 175.53 227.71 26.07
2013-06-30 172.28 218.55 23.57
2013-03-31 176.87 223.46 21.93
2012-12-31 173.93 204.41 45.59
2012-09-30 171.52 208.00 50.25
2012-06-30 166.70 197.55 30.39
2012-03-31 159.27 201.82 52.03
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • MidWestOne Financial Group has an acceptable proportion of non-loan assets held.
  • MidWestOne Financial Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at MidWestOne Financial Group are broadly funded by customer deposits.
  • MidWestOne Financial Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • MidWestOne Financial Group has a sufficient allowance for bad loans.
  • MidWestOne Financial Group has an acceptable level of bad loans (less than 2%).
Show me more healthy companies in the Banks industry
X
Financial health checks
We assess MidWestOne Financial Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. MidWestOne Financial Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is MidWestOne Financial Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.03%
Current annual income from MidWestOne Financial Group dividends. Estimated to be 3.42% next year.
If you bought $2,000 of MidWestOne Financial Group shares you are expected to receive $61 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • MidWestOne Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • MidWestOne Financial Group's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:MOFG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 469 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:MOFG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.96 4.00
2019-12-31 0.87 4.00
NasdaqGS:MOFG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-16 0.810 2.790
2018-10-17 0.780 2.824
2018-07-18 0.780 2.335
2018-04-20 0.780 2.327
2018-01-18 0.780 2.377
2017-10-11 0.680 1.944
2017-07-17 0.680 2.008
2017-04-21 0.660 1.892
2017-03-02 0.660 1.892
2017-01-26 0.660 1.829
2016-10-12 0.640 1.882
2016-07-22 0.640 2.144
2016-04-22 0.640 2.229
2016-01-20 0.640 2.382
2015-10-21 0.600 1.980
2015-07-17 0.600 1.969
2015-04-17 0.600 1.958
2015-01-26 0.600 2.093
2015-01-22 0.600 2.117
2014-10-15 0.580 2.134
2014-07-18 0.580 2.446
2014-04-21 0.580 2.427
2014-01-22 0.580 2.305
2013-10-21 0.500 1.883
2013-07-17 0.500 1.968
2013-04-23 0.500 2.068
2013-01-16 0.500 2.151
2012-10-17 0.380 1.856
2012-07-18 0.380 1.758
2012-04-24 0.340 1.622
2012-01-18 0.340 1.905
2011-10-27 0.240 1.629
2011-07-27 0.240 1.659
2011-04-25 0.200 1.459
2011-01-19 0.200 1.398
2010-07-30 0.200 1.377
2010-07-22 0.200 1.330
2010-05-05 0.200 1.288
2010-04-22 0.200 1.410
2010-03-08 0.200 1.650
2010-02-05 0.200 1.876
2009-10-28 0.200 2.394
2009-08-07 0.200 2.277
2009-07-28 0.200 2.518
2009-05-08 0.200 2.706
2009-04-24 0.200 2.269
2009-03-27 0.610 6.455

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of MidWestOne Financial Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
Show me more dividend paying companies in the Banks industry
X
Income/ dividend checks
We assess MidWestOne Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MidWestOne Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. MidWestOne Financial Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of MidWestOne Financial Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Charlie Funk
COMPENSATION $773,617
AGE 64
TENURE AS CEO 11 years
CEO Bio

Mr. Charles N. Funk, also known as Charlie, has been the President and Chief Executive Officer of MidWestOne Financial Group, Inc. since March 2008 and MidWestOne Bank since November 2000. Formerly, he held positions as President & Central Region Manager and Chief Investment Officer for Brenton Bank in Des Moines. He is a graduate of William Jewell College – and a member of the school’s athletic hall of fame. He was a 2014 recipient of the school’s Citation of Achievement, the highest honor given to an alumnus. He is also a graduate of the ABA National and Graduate School of Investments and the ABA Stonier Graduate School of Banking. He was a faculty member of the Graduate School of Banking in Boulder, Colorado where he taught from 2000-2016. He has also been a faculty member of the Stonier School of Banking and the Iowa School of Banking. He was appointed the 2011 Chairman of the Iowa Bankers Association and served four years on the board of the American Bankers Association.

CEO Compensation
  • Charlie's compensation has increased by more than 20% in the past year.
  • Charlie's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the MidWestOne Financial Group management team in years:

2.4
Average Tenure
51
Average Age
  • The tenure for the MidWestOne Financial Group management team is about average.
Management Team

Charlie Funk

TITLE
President
COMPENSATION
$774K
AGE
64
TENURE
11 yrs

Barry Ray

TITLE
CFO, Principal Accounting Officer & Senior VP
COMPENSATION
$623K
AGE
46
TENURE
0.8 yrs

Kevin Kramer

TITLE
Chief Operating Officer
COMPENSATION
$548K
AGE
51
TENURE
2.4 yrs

Jim Cantrell

TITLE
Chief Investment Officer
COMPENSATION
$381K
AGE
58

Mitch Cook

TITLE
Senior Regional President of Minnesota & Wisconsin
COMPENSATION
$394K
AGE
53
TENURE
3.8 yrs

John Henk

TITLE
Senior VP & Chief Information Officer

Lynda Whittle

TITLE
Senior Vice President of Marketing

Greg Turner

TITLE
Senior Vice President of Wealth Management
COMPENSATION
$151K
AGE
46

Karin Taylor

TITLE
Senior VP & Chief Risk Officer
AGE
50

Joe Van Haselen

TITLE
Regional President of Denver Area
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the MidWestOne Financial Group board of directors in years:

3.8
Average Tenure
64.5
Average Age
  • The tenure for the MidWestOne Financial Group board of directors is about average.
Board of Directors

Kevin Monson

TITLE
Chairman of the Board
COMPENSATION
$57K
AGE
67
TENURE
2.9 yrs

Charlie Funk

TITLE
President
COMPENSATION
$774K
AGE
64
TENURE
18.3 yrs

Richard Schwab

TITLE
Director
COMPENSATION
$64K
AGE
65
TENURE
5.7 yrs

John Koza

TITLE
Non-Voting Director Emeritus
COMPENSATION
$9K
AGE
72

Richard Donohue

TITLE
Director
COMPENSATION
$74K
AGE
68
TENURE
11 yrs

Tracy McCormick

TITLE
Lead Independent Director
COMPENSATION
$64K
AGE
58
TENURE
1.9 yrs

R. Zaiser

TITLE
Director
COMPENSATION
$54K
AGE
57
TENURE
2.9 yrs

Ruth Stanoch

TITLE
Director
COMPENSATION
$54K
AGE
59
TENURE
3.8 yrs

Kurt Weise

TITLE
Director
COMPENSATION
$51K
AGE
62
TENURE
3.8 yrs

Larry Albert

TITLE
Director
COMPENSATION
$45K
AGE
67
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Nov 18 Buy Charles Funk Individual 19. Nov 18 19. Nov 18 250 $29.20 $7,284
02. Nov 18 Buy Charles Funk Individual 31. Oct 18 31. Oct 18 100 $28.75 $2,875
31. Oct 18 Buy Richard Donohue Individual 30. Oct 18 30. Oct 18 700 $29.57 $20,431
31. Oct 18 Buy Charles Funk Individual 30. Oct 18 30. Oct 18 350 $28.68 $10,038
14. Sep 18 Sell Kurt Weise Individual 14. Sep 18 14. Sep 18 -500 $34.33 $-17,165
07. Sep 18 Sell Richard Schwab Individual 05. Sep 18 05. Sep 18 -2,749 $33.74 $-92,732
04. Sep 18 Buy Douglas True Individual 04. Sep 18 04. Sep 18 400 $33.64 $13,457
31. Aug 18 Buy Charles Funk Individual 24. Aug 18 30. Aug 18 1,000 $33.55 $33,504
09. May 18 Sell Kurt Weise Individual 09. May 18 09. May 18 -750 $33.02 $-24,765
X
Management checks
We assess MidWestOne Financial Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. MidWestOne Financial Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

If You Had Bought MidWestOne Financial Group (NASDAQ:MOFG) Stock Five Years Ago, You Could Pocket A 21% Gain Today

During five years of share price growth, MidWestOne Financial Group achieved compound earnings per share (EPS) growth of 2.5% per year. … This EPS growth is slower than the share price growth of 3.9% per year, over the same period. … It might be well worthwhile taking a look at our free report on MidWestOne Financial Group's earnings, revenue and cash flow.

Simply Wall St - –

What Kind Of Shareholders Own MidWestOne Financial Group, Inc. (NASDAQ:MOFG)?

If you want to know who really controls MidWestOne Financial Group, Inc. … MidWestOne Financial Group is not a large company by global standards. … Check out our latest analysis for MidWestOne Financial Group

Simply Wall St - –

Why These Fundamentals Make MidWestOne Financial Group, Inc.’s (NASDAQ:MOFG) More Attractive

As a small-cap finance stock with a market capitalisation of US$364m, the risk and profitability of MidWestOne Financial Group, Inc. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels. … See our latest analysis for MidWestOne Financial Group

Simply Wall St - –

Have Insiders Been Buying MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in MidWestOne Financial Group, Inc. … It is perfectly legal for company insiders, including board members, to buy and sell stock in a company.

Simply Wall St - –

How Much Did MidWestOne Financial Group, Inc.'s (NASDAQ:MOFG) CEO Pocket Last Year?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Charlie Funk's Compensation Compare With Similar Sized Companies. … is worth US$308m, and total annual CEO compensation is US$638k.

Simply Wall St - –

One Thing To Remember About The MidWestOne Financial Group Inc (NASDAQ:MOFG) Share Price

If you're interested in MidWestOne Financial Group Inc (NASDAQ:MOFG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St - –

Real Risks To Know Before Investing In MidWestOne Financial Group Inc (NASDAQ:MOFG)

As a small-cap bank with a market capitalisation of US$361m, MidWestOne Financial Group Inc’s (NASDAQ:MOFG) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off MidWestOne Financial Group’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of MidWestOne Financial Group's a stock investment.

Simply Wall St - –

Does The Data Make MidWestOne Financial Group Inc (NASDAQ:MOFG) An Attractive Investment?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of MidWestOne Financial Group Inc (NASDAQ:MOFG), it

Simply Wall St - –

Is MidWestOne Financial Group Inc (NASDAQ:MOFG) Attractive At Its Current PE Ratio?

MidWestOne Financial Group Inc (NASDAQ:MOFG) trades with a trailing P/E of 19, which is higher than the industry average of 16.5. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … Check out our latest analysis for MidWestOne Financial Group

Simply Wall St - –

Interested In MidWestOne Financial Group Inc (NASDAQ:MOFG)’s Upcoming US$0.20 Dividend? You Have 2 Days Left

MidWestOne Financial Group Inc (NASDAQ:MOFG) will be distributing its dividend of US$0.20 per share on the 17 September 2018, and will start trading ex-dividend in 2 days time on the 30 August 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine MidWestOne Financial Group's latest financial data to analyse its dividend characteristics. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?

Simply Wall St - –

Company Info

Description

MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It offers deposit products, such as checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits. The company also provides commercial and industrial, agricultural, commercial and residential real estate, and consumer loans. In addition, it offers other products and services comprising debit cards, automated teller machines, online banking, mobile banking, and safe deposit boxes. Further, the company provides various trust and investment services, including administering estates, personal trusts, and conservatorships, as well as property management, farm management, custodial, financial planning, investment advisory, and retail securities brokerage services. Additionally, it offers property and casualty insurance products to individuals and small businesses. The company operates a total of 45 banking offices; and 23 branches in 13 counties. MidWestOne Financial Group, Inc. was incorporated in 1983 and is headquartered in Iowa City, Iowa.

Details
Name: MidWestOne Financial Group, Inc.
MOFG
Exchange: NasdaqGS
Founded: 1983
$325,575,106
12,171,032
Website: http://www.midwestone.com
Address: MidWestOne Financial Group, Inc.
102 South Clinton Street,
Iowa City,
Iowa, 52240,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MOFG Common Shares Nasdaq Global Select US USD 11. Jun 1998
Number of employees
Current staff
Staff numbers
597
MidWestOne Financial Group employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/26 00:12
End of day share price update: 2019/03/25 00:00
Last estimates confirmation: 2019/02/24
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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