MidWestOne Financial Group
Market Cap
US$510.0m
Last Updated
2019/10/22 00:20 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake
Fundamentals
Undervalued with excellent balance sheet.
Similar Companies
Share Price & News
How has MidWestOne Financial Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.2%
MOFG
4.1%
US Banks
1.0%
US Market
1 Year Return
0.5%
MOFG
7.2%
US Banks
8.0%
US Market
Return vs Industry: MOFG underperformed the US Banks industry which returned 7.2% over the past year.
Return vs Market: MOFG underperformed the US Market which returned 8% over the past year.
Shareholder returns
| MOFG | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 4.1% | 1.0% |
| 30 Day | 1.3% | 2.8% | -0.07% |
| 90 Day | 9.6% | 2.9% | -1.0% |
| 1 Year | 3.3%0.5% | 10.3%7.2% | 10.4%8.0% |
| 3 Year | 10.0%2.7% | 53.9%43.3% | 46.2%36.7% |
| 5 Year | 41.6%26.8% | 71.9%53.1% | 64.3%46.2% |
Price Volatility Vs. Market
How volatile is MidWestOne Financial Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is MidWestOne Financial Group, Inc. (NASDAQ:MOFG) A Volatile Stock?3 weeks ago | Simply Wall St
Does MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Have A Good P/E Ratio?1 month ago | Simply Wall St
Is It Too Late To Buy MidWestOne Financial Group, Inc. (NASDAQ:MOFG) At Its September Price?Valuation
Is MidWestOne Financial Group undervalued compared to its fair value and its price relative to the market?
29.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MOFG ($31.45) is trading below our estimate of fair value ($44.29)
Significantly Below Fair Value: MOFG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MOFG is good value based on its PE Ratio (12.5x) compared to the Banks industry average (12.6x).
PE vs Market: MOFG is good value based on its PE Ratio (12.5x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
PEG Ratio: MOFG is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: MOFG is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is MidWestOne Financial Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
26.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MOFG's forecast earnings growth (26.4% per year) is above the savings rate (2.7%).
Earnings vs Market: MOFG's earnings (26.4% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MOFG's revenue (10.1% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: MOFG's revenue (10.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MOFG's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has MidWestOne Financial Group performed over the past 5 years?
7.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MOFG's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: MOFG's earnings growth over the past year (56.3%) exceeds its 5-year average (7.2% per year).
Earnings vs Industry: MOFG earnings growth over the past year (56.3%) exceeded the Banks industry 30.1%.
Return on Equity
High ROE: MOFG's Return on Equity (6.6%) is considered low.
Return on Assets
ROA vs Industry: MOFG's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate MOFG's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is MidWestOne Financial Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: MOFG has a low level of unsold assets or inventory.
Debt Coverage by Assets: MOFG's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: MOFG's level of assets compared to its equity is low.
Allowance for Bad Loans: MOFG has a low allowance for bad loans.
Low Risk Liabilities: MOFG's liabilities are made up of primarily low risk sources of funding.
Loan Level: MOFG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MOFG's loans are broadly funded by customer deposits.
Level of Bad Loans: MOFG has an appropriate level of bad loans (1.02%)
Next Steps
Dividend
What is MidWestOne Financial Group's current dividend yield, its reliability and sustainability?
2.57%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: MOFG's dividend (2.58%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: MOFG's dividend (2.58%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: MOFG's dividend payments have been volatile in the past 10 years.
Growing Dividend: MOFG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.6%), MOFG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of MidWestOne Financial Group's salary, the management and board of directors tenure and is there insider trading?
2.7yrs
Average management tenure
CEO
Charlie Funk (65yo)
11.6yrs
Tenure
US$773,617
Compensation
Mr. Charles N. Funk, also known as Charlie, has been the President and Chief Executive Officer of MidWestOne Financial Group, Inc. since March 2008 and MidWestOne Bank since November 2000. Formerly, he hel ...
CEO Compensation Analysis
Compensation vs. Market: Charlie's total compensation ($USD773.62K) is about average for companies of similar size in the US market ($USD1.82M).
Compensation vs Earnings: Charlie's compensation has increased by more than 20% in the past year.
Management Age and Tenure
2.7yrs
Average Tenure
52.5yo
Average Age
Experienced Management: MOFG's management team is considered experienced (2.7 years average tenure).
Board Age and Tenure
4.4yrs
Average Tenure
65.5yo
Average Age
Experienced Board: MOFG's board of directors are considered experienced (4.4 years average tenure).
Insider Trading
Insider Buying: MOFG insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 247 |
| Max Price | US$28.24 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$28.27 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 1,500 |
| Max Price | US$30.11 |
| Entity | Individual |
| Shares | 175 |
| Max Price | US$28.34 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 1,000 |
| Max Price | US$28.15 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$27.87 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$29.04 |
| Entity | Individual |
| Shares | 100 |
| Max Price | US$28.40 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 250 |
| Max Price | US$29.20 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 100 |
| Max Price | US$28.75 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 350 |
| Max Price | US$28.68 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 700 |
| Max Price | US$29.57 |
Ownership Breakdown
Management Team
Charlie Funk (65yo)
President
- Tenure: 11.6yrs
- Compensation: US$773.62k
Greg Turner (47yo)
Senior Vice President of Wealth Management
- Tenure: 0yrs
- Compensation: US$151.28k
Jim Cantrell (59yo)
Chief Investment Officer
- Tenure: 0yrs
- Compensation: US$380.92k
Mitch Cook (54yo)
Senior Regional President of Minnesota & Wisconsin
- Tenure: 4.4yrs
- Compensation: US$394.49k
Joe Van Haselen
Regional President of Denver Area
- Tenure: 2.7yrs
Barry Ray (47yo)
CFO, Principal Accounting Officer & Senior VP
- Tenure: 1.3yrs
- Compensation: US$622.99k
Karin Taylor (51yo)
Senior VP & Chief Risk Officer
- Tenure: 0yrs
Kevin Conroy
Senior Vice President of The Denver Market
- Tenure: 2.7yrs
Lynda Whittle
Senior Vice President of Marketing
- Tenure: 0yrs
John Henk
Senior VP & Chief Information Officer
- Tenure: 0yrs
Board Members
Kurt Weise (63yo)
Director
- Tenure: 4.4yrs
- Compensation: US$50.61k
Charlie Funk (65yo)
President
- Tenure: 11.6yrs
- Compensation: US$773.62k
Larry Albert (68yo)
Independent Director
- Tenure: 1yrs
- Compensation: US$45.26k
Richard Donohue (69yo)
Independent Director
- Tenure: 11.6yrs
- Compensation: US$74.41k
Kevin Monson (68yo)
Independent Chairman of the Board
- Tenure: 3.5yrs
- Compensation: US$56.56k
R. Zaiser (58yo)
Independent Director
- Tenure: 3.5yrs
- Compensation: US$54.06k
Richard Schwab (66yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: US$64.41k
John Koza (73yo)
Non-Voting Director Emeritus
- Tenure: 0yrs
- Compensation: US$9.21k
Tracy McCormick (59yo)
Lead Independent Director
- Tenure: 2.5yrs
- Compensation: US$64.21k
Ruth Stanoch (60yo)
Independent Director
- Tenure: 4.4yrs
- Compensation: US$53.71k
Company Information
MidWestOne Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: MidWestOne Financial Group, Inc.
- Ticker: MOFG
- Exchange: NasdaqGS
- Founded: 1983
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$510.035m
- Shares outstanding: 16.22m
- Website: https://www.midwestone.com
Number of Employees
Location
- MidWestOne Financial Group, Inc.
- 102 South Clinton Street
- Iowa City
- Iowa
- 52240
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MOFG | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Jun 1998 |
Biography
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 custome ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 00:20 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.