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


The leading market experts have placed a mean price target of $31.50 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 $0.60 a share for the upcoming quarter and $2.10 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 $29.36, and stock is trading $0.69 points away or +2.36% from its 50-day moving average of $29.36. Further it is trading $1.96 or +6.96% away its 200-day moving average of $28.09. MidWestOne Financial Group, Inc. (NASDAQ:MOFG) 52-week high is $32.52 and the 52-week low is $24.71.

This explains if the stock moves $-2.47, it will post a 52-week high. In event of +21.61% 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 13.13.

The stock last ended the trading session at $30.05 and registered a market cap of $343.62M. 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 2.39.

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