MidWestOne Financial Group, Inc. (NASDAQ:MOFG) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MOFG to report 3Q20 income of $ 0.61 per share.
For the full year, analysts anticipate top line of $ 155.79 million, while looking forward to income of $ 1.89 per share bottom line.
Previous Quarter Performance
MidWestOne Financial Group, Inc. posted income for the second quarter of $ 0.73 per share, from the revenue of $ 38.71 million. The quarterly earnings expanded 1.39 percent while revenues up 11.14 percent compared with the same quarter last year.
Street analysts expected MidWestOne Financial Group, Inc. to report income of $ 0.30 per share on revenue of $ 39.27 million for the second quarter. The bottom line results beat street analysts by $ 0.43 or 143.33 percent, at the same time, top line results fell short of analysts by $ 0.56 million or 1.43 percent.
Stock Performance
Shares of MidWestOne Financial Group, Inc. traded low $ -0.68 or -3.27 percent on Wednesday, reaching $ 20.11 with volume of 20.50 thousand shares. MidWestOne Financial Group, Inc. has traded high as $ 20.64 and has cracked $ 20.01 on the downward trend
According to the previous trading day, closing price of $ 20.11, representing a 36.33 % increase from the 52 week low of $ 15.25 and a 46.73 % decrease over the 52 week high of $ 39.03.
The company has a market capital of $ 323.76 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.22 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 15, 2020 and ex-dividend date on August 31, 2020.
MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It offers deposit products, such as checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits.
