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MOFG

MidWestOne Financial GroupNasdaqGS:MOFG Stock Report

Last Price

US$32.97

Market Cap

US$517.4m

7D

-2.3%

1Y

22.2%

Updated

16 Jan, 2022

Data

Company Financials +
MOFG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

MOFG Stock Overview

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, governmental units, and institutional customers.

MidWestOne Financial Group Competitors

Live Oak Bancshares

NasdaqGS:LOB

US$3.5b

First BanCorp

NYSE:FBP

US$3.4b

Triumph Bancorp

NasdaqGS:TBK

US$3.0b

First Merchants

NasdaqGS:FRME

US$2.5b

Price History & Performance

Summary of all time highs, changes and price drops for MidWestOne Financial Group
Historical stock prices
Current Share PriceUS$32.97
52 Week HighUS$34.65
52 Week LowUS$23.88
Beta0.96
1 Month Change2.61%
3 Month Change8.13%
1 Year Change22.16%
3 Year Change25.36%
5 Year Change-7.62%
Change since IPO680.87%

Recent News & Updates

Oct 28
MidWestOne Financial Group (NASDAQ:MOFG) Has Re-Affirmed Its Dividend Of US$0.23

MidWestOne Financial Group (NASDAQ:MOFG) Has Re-Affirmed Its Dividend Of US$0.23

MidWestOne Financial Group, Inc. ( NASDAQ:MOFG ) has announced that it will pay a dividend of US$0.23 per share on the...

Shareholder Returns

MOFGUS BanksUS Market
7D-2.3%-0.5%-0.5%
1Y22.2%32.9%13.7%

Return vs Industry: MOFG underperformed the US Banks industry which returned 32.9% over the past year.

Return vs Market: MOFG exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is MOFG's price volatile compared to industry and market?
MOFG volatility
MOFG Average Weekly Movement3.3%
Banks Industry Average Movement3.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: MOFG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MOFG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983757Charlie Funkhttps://www.midwestonefinancial.com

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, governmental units, and institutional customers. It offers deposit products, such as noninterest bearing and interest-bearing demand deposit accounts, interest checking accounts, savings accounts, money market accounts, certificates of deposit, and time deposits. The company also provides commercial and industrial, commercial and residential real estate, agricultural, and credit card loans, as well as consumer loans, such as personal and automobile loans.

MidWestOne Financial Group Fundamentals Summary

How do MidWestOne Financial Group's earnings and revenue compare to its market cap?
MOFG fundamental statistics
Market CapUS$517.36m
Earnings (TTM)US$71.94m
Revenue (TTM)US$209.35m

7.2x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MOFG income statement (TTM)
RevenueUS$209.35m
Cost of RevenueUS$0
Gross ProfitUS$209.35m
ExpensesUS$137.41m
EarningsUS$71.94m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 28, 2022

Earnings per share (EPS)4.58
Gross Margin100.00%
Net Profit Margin34.36%
Debt/Equity Ratio65.8%

How did MOFG perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is MidWestOne Financial Group undervalued compared to its fair value and its price relative to the market?

7.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MOFG ($32.97) is trading above our estimate of fair value ($31.64)

Significantly Below Fair Value: MOFG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MOFG is good value based on its PE Ratio (7.2x) compared to the US Banks industry average (11.3x).

PE vs Market: MOFG is good value based on its PE Ratio (7.2x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: MOFG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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).


Future Growth

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

-15.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MOFG's earnings are forecast to decline over the next 3 years (-15.1% per year).

Earnings vs Market: MOFG's earnings are forecast to decline over the next 3 years (-15.1% per year).

High Growth Earnings: MOFG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MOFG's revenue is expected to decline over the next 3 years (-3.2% per year).

High Growth Revenue: MOFG's revenue is forecast to decline over the next 3 years (-3.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MOFG's Return on Equity is forecast to be low in 3 years time (9.2%).


Past Performance

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

12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOFG has high quality earnings.

Growing Profit Margin: MOFG's current net profit margins (34.4%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: MOFG's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: MOFG's earnings growth over the past year (2090.6%) exceeds its 5-year average (12.6% per year).

Earnings vs Industry: MOFG earnings growth over the past year (2090.6%) exceeded the Banks industry 43.7%.


Return on Equity

High ROE: MOFG's Return on Equity (13.6%) is considered low.


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


Financial Institutions Analysis

Asset Level: MOFG's Assets to Equity ratio (11.1x) is moderate.

Allowance for Bad Loans: MOFG has a sufficient allowance for bad loans (142%).

Low Risk Liabilities: 93% of MOFG's liabilities are made up of primarily low risk sources of funding.

Loan Level: MOFG has an appropriate level of Loans to Assets ratio (55%).

Low Risk Deposits: MOFG's Loans to Deposits ratio (65%) is appropriate.

Level of Bad Loans: MOFG has an appropriate level of bad loans (1%).


Dividend

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

2.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MOFG's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: MOFG's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (3.44%).


Stability and Growth of Payments

Stable Dividend: MOFG's dividends per share have been stable 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 low payout ratio (19.9%), MOFG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MOFG's dividends in 3 years are forecast to be well covered by earnings (26.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Charlie Funk (67 yo)

13.83yrs

Tenure

US$951,134

Compensation

Mr. Charles N. Funk, also known as Charlie, has been Chief Executive Officer of MidWestOne Financial Group, Inc. since March 2008 and MidWestOne Bank since November 2000. Mr. Funk served as President of Mi...


CEO Compensation Analysis

Compensation vs Market: Charlie's total compensation ($USD951.13K) is below average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MOFG's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: MOFG's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MidWestOne Financial Group, Inc.'s 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
  • Implied Market Cap: US$517.357m
  • Shares outstanding: 15.69m
  • Website: https://www.midwestonefinancial.com

Number of Employees


Location

  • MidWestOne Financial Group, Inc.
  • 102 South Clinton Street
  • Iowa City
  • Iowa
  • 52240
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:17
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.