| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$32.97 |
| 52 Week High | US$34.65 |
| 52 Week Low | US$23.88 |
| Beta | 0.96 |
| 1 Month Change | 2.61% |
| 3 Month Change | 8.13% |
| 1 Year Change | 22.16% |
| 3 Year Change | 25.36% |
| 5 Year Change | -7.62% |
| Change since IPO | 680.87% |
Recent News & Updates
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
| MOFG | US Banks | US Market | |
|---|---|---|---|
| 7D | -2.3% | -0.5% | -0.5% |
| 1Y | 22.2% | 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
| MOFG volatility | |
|---|---|
| MOFG Average Weekly Movement | 3.3% |
| Banks Industry Average Movement | 3.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1983 | 757 | Charlie Funk | https://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
| MOFG fundamental statistics | |
|---|---|
| Market Cap | US$517.36m |
| Earnings (TTM) | US$71.94m |
| Revenue (TTM) | US$209.35m |
7.2x
P/E Ratio1.0x
P/B RatioIs MOFG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MOFG income statement (TTM) | |
|---|---|
| Revenue | US$209.35m |
| Cost of Revenue | US$0 |
| Gross Profit | US$209.35m |
| Expenses | US$137.41m |
| Earnings | US$71.94m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 28, 2022
| Earnings per share (EPS) | 4.58 |
| Gross Margin | 100.00% |
| Net Profit Margin | 34.36% |
| Debt/Equity Ratio | 65.8% |
How did MOFG perform over the long term?
See historical performance and comparisonDividends
2.7%
Current Dividend Yield20%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:17 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| 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.