MidWestOne Financial Group (NASDAQ:MOFG) Target Lowered by Piper Sandler to $22.00

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MidWestOne Financial Group stock has undergone multiple analysts rating changes in the recent past.  MidWestOne Financial Group stock Target Lowered by   Piper Sandler on 6/30/2020. In a note to investors, the firm issued a new target price of $22.00. The analysts previously had $23.00 target price. Piper Sandler’s price target would indicate a potential upside of 18.53% from the stock’s previous close.

Shares of MidWestOne Financial Group traded up $0.15 on Tuesday, reaching $19.91. 15345 shares of the stock traded hands, compared to its average volume of 66747. Shares of were trading at $19.91 on Tuesday. The firm’s 50 day moving average is $$19.35 and its 200 day moving average is $27.57.MidWestOne Financial Group  has a 12 month low of $19.07 and a 12 month high of $39.03. While on yearly highs and lows, MidWestOne Financial Group today has traded high as $20.10 and has touched $19.07 on the downward trend.

MidWestOne Financial Group Earnings and What to expect: 

MidWestOne Financial Group last released its earnings results on April 30th, 2020. The financial services provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.76. The firm earned $47.56 million during the quarter, compared to analysts’ expectations of $46.71 million. MidWestOne Financial Group has generated $3.40 earnings per share over the last year and currently has a price-to-earnings ratio of 8.9. MidWestOne Financial Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, July 23rd, 2020 based off prior year’s report dates.

Earnings for MidWestOne Financial Group are expected to grow by 70.14% in the coming year, from $1.44 to $2.45 per share. The P/E ratio of MidWestOne Financial Group is 9.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of MidWestOne Financial Group is 9.00, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.16. MidWestOne Financial Group has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 2.40%
  • On 5/12/2020 CEO Charles N Funk Buy 1,000 at average share price of $17.31 which equates to $17,310.00 in money value.
  • On 5/5/2020 Director Nathaniel J Kaeding Buy 258 at average price of  $19.20 with total value of : Not Data Available
  • On 3/13/2020 Director Douglas H Greeff Buy 2,000 at average price of  $21.75 with total value of : $43,500.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for MidWestOne Financial Group

  • 6/6/2020 – MidWestOne Financial Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 5/8/2020 – MidWestOne Financial Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 5/4/2020 – MidWestOne Financial Group had its price target raised by analysts at Piper Sandler from $21.00 to $23.00. They now have an “overweight” rating on the stock.
  • 4/30/2020 – MidWestOne Financial Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • See More Analyst Rating at: RATING

Other rating updates by Piper Sandler: 

  • 6/30/2020 – Noble Midstream Partners had its price target raised by analysts at Piper Sandler from $7.00 to $9.00. They now have a “neutral” rating on the stock.
  • 6/30/2020 – 1life Healthcare had its price target raised by analysts at Piper Sandler from $29.00 to $40.00. They now have an “overweight” rating on the stock.
  • 6/30/2020 – Micron Technology had its price target raised by analysts at Piper Sandler from $48.00 to $51.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – CareDx had its “buy” rating re-affirmed by analysts at Piper Sandler. They now have a $54.00 price target on the stock.
  • See More Analyst Rating at: RATING

MidWestOne Financial Group (NASDAQ:MOFG) Moving Average Technical Analysis

5 day Moving Average is $$19.18 And 5 day price change is -$0.72 (-3.64%)  with average volume for 5 day average is 112,099. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $20.21 and 20 day price change is $0.25 (1.33%) and average 20 day moving volume is 72,670. 50 day moving average is $19.35  and 50 day price change is $0.70 ( 3.81%)  and with average volume for 50 days is : 56,200. 200 day moving average is $27.57  and 200 day price change is -$12.35 (-39.31%)  and with average volume for 200 days is : 46,765.

See More Analyst Rating at: RATING