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Last $29.04 USD
Change Today -0.19 / -0.65%
Volume 25.3K
MOFG On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

midwestone financial group i (MOFG) Snapshot

Open
$29.19
Previous Close
$29.23
Day High
$29.97
Day Low
$28.76
52 Week High
07/23/15 - $34.04
52 Week Low
10/1/14 - $22.73
Market Cap
331.2M
Average Volume 10 Days
14.1K
EPS TTM
$2.42
Shares Outstanding
11.4M
EX-Date
08/28/15
P/E TM
12.0x
Dividend
$0.60
Dividend Yield
2.05%
Current Stock Chart for MIDWESTONE FINANCIAL GROUP I (MOFG)

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midwestone financial group i (MOFG) Details

MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services. The company accepts deposit products, including noninterest and interest bearing demand deposits, checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits. Its loan portfolio comprises commercial and industrial loans, including lines of credit for working capital and operational purposes, and term loans for the acquisition of equipment; agricultural loans, such as loans made to finance agricultural production, and other loans to farmers and farming operations; real estate construction loans; commercial and residential real estate loans; residential, commercial, and agricultural mortgage loans; and consumer loans comprising personal and automobile loans. The company also offers trust and investment services, which comprise administering estates, personal trusts, conservatorships, pension, and profit-sharing funds; and providing property management, farm management, investment advisory, retail securities brokerage, financial planning, and custodial services. In addition, it provides investment-related services, such as securities trading, financial planning, mutual funds sales, fixed and variable annuities, and tax-exempt and conventional unit trusts. Further, the company offers property and casualty insurance products; and debit cards, automated teller machines, on-line banking, mobile banking, and safe deposit boxes. The company serves individuals, businesses, governmental units, and institutional customers in the United States. It operates 25 branch locations and a specialized home mortgage center in 15 counties throughout central and east-central Iowa; and owns 40 ATMs. MidWestOne Financial Group, Inc. was incorporated in 1983 and is headquartered in Iowa City, Iowa.

374 Employees
Last Reported Date: 03/5/15
Founded in 1983

midwestone financial group i (MOFG) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $377.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $215.0K
Chief Operating Officer and Chief Operating O...
Total Annual Compensation: $240.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $236.0K
Chief Risk Officer, Vice President, Chief Ris...
Total Annual Compensation: $191.0K
Compensation as of Fiscal Year 2014.

midwestone financial group i (MOFG) Key Developments

MidWest One Financial Group, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

MidWestOne Financial Group, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $25,185,000 against $16,176,000 a year ago. Net interest income was $22,723,000 against $13,855,000 a year ago, primarily due to the merger. Income before income tax expense was $7,063,000 against $6,472,000 a year ago. Net income was $4,469,000 or $0.42 per diluted share against $4,753,000 or $0.56 per diluted share a year ago. Return on average assets (annualized) was 0.70% against 1.09% a year ago. Return on average equity (annualized) was 7.27% against 10.29% a year ago. Return on average tangible equity (annualized) was 11.21% against 10.99% a year ago. For the six months, the company reported total interest income of $41,667,000 against $32,097,000 a year ago. Net interest income was $36,965,000 against $27,382,000 a year ago, primarily due to the merger. Income before income tax expense was $13,534,000 against $13,374,000 a year ago. Net income was $9,265,000 or $0.99 per diluted share against $9,726,000 or $1.14 per diluted share a year ago. Book value per share as on June 30, 2015 was $24.37 compared to $22.21 as at June 30, 2014. Tangible book value per share as on June 30, 2015 was $18.06 compared to $21.20 as at June 30, 2014. Return on average assets (annualized) was 0.86% against 1.12% a year ago. Return on average equity (annualized) was 8.46% against 10.70% a year ago. Return on average tangible equity (annualized) was 10.89% against 11.44% a year ago.

MidWest One Financial Group, Inc. Announces Third Quarter Dividend Payable on September 15, 2015

MidWestOne Financial Group, Inc. announced that on July 16, 2015 the company's Board of Directors declared a third quarter cash dividend of $0.15 per common share, which is the same as the dividend paid the last two quarters. The dividend is payable on September 15, 2015 to shareholders of record at the close of business on September 1, 2015. At this quarterly rate, the indicated annual cash dividend is equal to $0.60 per common share.

MidWest One Financial Group, Inc., Q2 2015 Earnings Call, Jul 24, 2015

MidWest One Financial Group, Inc., Q2 2015 Earnings Call, Jul 24, 2015

 

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MOFG:US $29.04 USD -0.19

MOFG Competitors

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Company Last Change
First Defiance Financial Corp $37.00 USD +0.76
NASB Financial Inc $28.50 USD 0.00
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Industry Analysis

MOFG

Industry Average

Valuation MOFG Industry Range
Price/Earnings 14.3x
Price/Sales 3.8x
Price/Book 1.2x
Price/Cash Flow 18.5x
TEV/Sales 0.9x
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