MidWestOne Financial Group
Market Cap
US$470.3m
Last Updated
2021/03/04 23:47 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average dividend payer.
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
Stable Share Price: MOFG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MOFG's weekly volatility has decreased from 10% to 5% over the past year.
Market Performance
7 Day Return
2.7%
MOFG
0.2%
US Banks
-2.4%
US Market
1 Year Return
4.0%
MOFG
27.7%
US Banks
31.2%
US Market
Return vs Industry: MOFG underperformed the US Banks industry which returned 22% over the past year.
Return vs Market: MOFG underperformed the US Market which returned 29.4% over the past year.
Shareholder returns
| MOFG | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.7% | 0.2% | -2.4% |
| 30 Day | 10.0% | 15.1% | -3.0% |
| 90 Day | 17.2% | 23.6% | 3.2% |
| 1 Year | 8.2%4.0% | 32.3%27.7% | 34.1%31.2% |
| 3 Year | -3.6%-12.1% | 13.7%3.9% | 48.1%38.6% |
| 5 Year | 25.5%9.9% | 102.6%76.8% | 116.5%92.3% |
Long-Term 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
Have Insiders Sold MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Shares Recently?1 week ago | Simply Wall St
Don't Buy MidWestOne Financial Group, Inc. (NASDAQ:MOFG) For Its Next Dividend Without Doing These Checks1 month ago | Simply Wall St
MidWestOne Financial Group, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearValuation
Is MidWestOne Financial Group undervalued compared to its fair value and its price relative to the market?
19.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MOFG ($29.36) is trading below our estimate of fair value ($36.53)
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 poor value based on its PE Ratio (71.4x) compared to the US Banks industry average (12.8x).
PE vs Market: MOFG is poor value based on its PE Ratio (71.4x) compared to the US market (21.4x).
Price to Earnings Growth Ratio
PEG Ratio: MOFG is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: MOFG is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.1x).
Next Steps
Future Growth
How is MidWestOne Financial Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
58.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MOFG's forecast earnings growth (58.5% per year) is above the savings rate (2%).
Earnings vs Market: MOFG's earnings (58.5% per year) are forecast to grow faster than the US market (19.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MOFG's revenue is expected to decline over the next 3 years (-1% per year).
High Growth Revenue: MOFG's revenue is forecast to decline over the next 3 years (-1% 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 (7.8%).
Next Steps
Past Performance
How has MidWestOne Financial Group performed over the past 5 years?
1.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MOFG has a large one-off loss of $31.5M impacting its December 31 2020 financial results.
Growing Profit Margin: MOFG's current net profit margins (4.1%) are lower than last year (26%).
Past Earnings Growth Analysis
Earnings Trend: MOFG's earnings have grown by 1% per year over the past 5 years.
Accelerating Growth: MOFG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MOFG had negative earnings growth (-84.8%) over the past year, making it difficult to compare to the Banks industry average (0.5%).
Return on Equity
High ROE: MOFG's Return on Equity (1.3%) is considered low.
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
Financial Institutions Analysis
Asset Level: MOFG's Assets to Equity ratio (10.8x) is moderate.
Allowance for Bad Loans: MOFG has a sufficient allowance for bad loans (130%).
Low Risk Liabilities: 90% 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 (62%).
Low Risk Deposits: MOFG's Loans to Deposits ratio (75%) is appropriate.
Level of Bad Loans: MOFG has an appropriate level of bad loans (1.2%).
Next Steps
Dividend
What is MidWestOne Financial Group current dividend yield, its reliability and sustainability?
3.06%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MOFG's dividend (3.07%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: MOFG's dividend (3.07%) is low compared to the top 25% of dividend payers in the US market (3.69%).
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 high payout ratio (213.9%), MOFG's dividend payments are not 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 (33.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Charlie Funk (66 yo)
13yrs
Tenure
US$952,242
Compensation
Mr. Charles N. Funk, also known as Charlie, has been Chief Executive Officer of MidWestOne Financial Group, Inc. since March 2008 and MidWestOne Bank since November 2000. Mr. Funk served as President of Mi...
CEO Compensation Analysis
Compensation vs Market: Charlie's total compensation ($USD952.24K) is below average for companies of similar size in the US market ($USD1.48M).
Compensation vs Earnings: Charlie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 13yrs | US$952.24k | 0.71% $ 3.3m | |
| CFO & Senior Executive VP | 2.75yrs | US$559.30k | 0.038% $ 178.8k | |
| Chief Investment Officer | no data | US$394.26k | 0.11% $ 538.2k | |
| Vice President of Wealth Management & Corporate Communications | no data | US$390.52k | 0.047% $ 222.0k | |
| President & COO | 0.67yr | no data | 0.012% $ 58.7k | |
| Senior VP & Chief Information Officer | no data | no data | no data | |
| Senior VP & Chief Marketing Officer | no data | no data | no data | |
| VP & Chief Human Resources Officer | no data | no data | no data | |
| Regional President of Denver Area | 4.08yrs | no data | no data | |
| Senior Vice President of The Denver Market | 4.08yrs | no data | no data | |
| Senior Regional President of Minnesota & Wisconsin | 5.83yrs | US$394.49k | no data | |
| Senior VP & Residential Mortgage Division Manager | no data | no data | no data |
4.1yrs
Average Tenure
55yo
Average Age
Experienced Management: MOFG's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 13yrs | US$952.24k | 0.71% $ 3.3m | |
| Director | 5.83yrs | US$46.69k | 0.15% $ 710.0k | |
| Independent Director | 1.83yrs | US$32.37k | 0.025% $ 115.7k | |
| Independent Director | 2.42yrs | US$53.04k | 0.065% $ 305.9k | |
| Independent Director | 13yrs | US$70.86k | 0.23% $ 1.1m | |
| Independent Chairman of the Board | 4.92yrs | US$60.65k | 0.54% $ 2.5m | |
| Non-Voting Director Emeritus | no data | US$9.21k | 5.51% $ 25.9m | |
| Independent Director | 2.17yrs | US$50.29k | 0.0077% $ 36.4k | |
| Lead Independent Director | 3.92yrs | US$65.54k | 0.53% $ 2.5m | |
| Independent Director | 5.83yrs | US$53.89k | 0.022% $ 102.2k | |
| Independent Director | 3.92yrs | US$62.74k | 0.029% $ 134.9k | |
| Independent Director | 2.92yrs | US$51.54k | 0.0080% $ 37.8k |
3.9yrs
Average Tenure
65yo
Average Age
Experienced Board: MOFG's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MOFG insiders have only sold shares 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 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$470.253m
- Shares outstanding: 16.02m
- Website: https://www.midwestonefinancial.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 | 2021/03/04 23:47 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.