Stock To Watch: MidWestOne Financial Group, Inc. (NASDAQ:MOFG)


The leading market experts have placed a mean price target of $31.75 on MidWestOne Financial Group, Inc. (NASDAQ:MOFG) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.64 a share for the upcoming quarter and $2.38 for the current fiscal. Technical View The technical analysis of MidWestOne Financial Group, Inc plainly substantiates that the 50-day moving average of MidWestOne Financial Group, Inc is $29.02, and stock is hovering 0.98 or +3.37% distant from $29.02. It is noted that the 200-day MA is $27.82, and MidWestOne Financial Group, Inc stock is $2.18 or +7.82% off from this point. MidWestOne Financial Group, Inc. (NASDAQ:MOFG) 52-week high is $34.04 and the 52-week low is $24.71. This explains if the stock moves $-4.04, it will post a 52-week high. In event of $+21.41% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of MidWestOne Financial Group, Inc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, MidWestOne Financial Group, Inc. (NASDAQ:MOFG) ratio came in at 12.94. The stock last ended the trading session at $30.00 and registered a market cap of $342.81M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. MidWestOne Financial Group, Inc. (NASDAQ:MOFG) PEG ratio is at 1.96.

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