MidwestOne Financial Group Inc. or as known commonly as NASDAQ:MOFG has been sent to a status of “hold” by financial analysts who are covering the market reports from the Marketbeats. What comes off as surprising is that three research analysts in stocks have put a “buy” recommendation to NASDAQ:MOFG. However, one research analyst has put a “hold” recommendation while other analysts have put a “sell” recommendation to NASDAQ:MOFG. The 1-year target price has updated its stock coverage in the stock last year at 23.17 US dollars EPS.
Many research analysts have commented about the NASDAQ:MOFG shares where ratings have been changed from “c” to “b”. This was reported on Thursday the 22nd of October by Zack Investments Research where MidwestOne Financial group was downgraded.
However, on Thursday, MidwestOne Financial Group’s recommendation was changed by some analysts to “buy” from “hold”. Seeing this change, some very large investors have already made some changes in their stock. In the NASDAQ:MOFG stocks Bank of Montreal has increased its number of shares. It was increased by 130.01 percent during the second quarter itself.
Apart from this, the number of shares that Bank of Montreal owns now is about 1967 shares. The stock of NASDAQ:MOFG is now valued at 34,000 US dollars itself under the Bank of Montreal. Another company by the name Nisa Investments Advisors LLC also purchased new stocks during the third quarter. This itself valued around 36,000 US dollars. BNP Paribas Arbitrage SA has also contributed to NASDAQ:MOFG by buying around 2885 stocks anew. It was seen that there was an increase of 2.7 percent in the total revenue of NASDAQ:MOFG stock prices.
In the second quarter itself, the stock prices had been able to pull in a revenue of 159,000 US dollars. Apart from this, institutional investors have been able to own 68.4 percent of NASDAQ:MOFG stocks. The quarterly earnings of the company were at 0.73 US dollars per share as reported on the 15th of December of 2019. The financial services reported 0.61 US dollars by 0.12 US dollars as reported by Zacks consensus.
It is also seen that the NASDAQ:MOFG has, on average, analysts in equity management that keep expectations that the company will post 2.01 US dollars for the fiscal year of 2020-2021. Further, it is understandable that the annual of the company would be 4.38 percent.
NASDAQ:MOFG Company profile:
The MidwestOne Financial Group Inc. or as known as NASDAQ:MOFG is a company that trades in bank holding that further trades in commercial and retail banking to businesses, individual clients, customers from various institutions. There are government agencies in Iowa, Minnesota, Wisconsin, Colorado, and Florida that also take into the financial help and advice of NASDAQ:MOFG. It provides interest-bearing and non-interest-bearing demand deposit account services, as well as money market accounts, certificates of deposits, and time deposits to its customers.