KBW Has Just Reaffirmed $41.0 Target Price Per Share on Midwestone Financial Group (NASDAQ:MOFG) stock, While They’ve Also Reiterated Their “Buy” Rating

April 17, 2018 - By reb123z

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Logo

Investors sentiment decreased to 1 in 2017 Q4. Its down 1.59, from 2.59 in 2017Q3. It turned negative, as 9 investors sold MidWestOne Financial Group, Inc. shares while 24 reduced holdings. 10 funds opened positions while 23 raised stakes. 5.24 million shares or 5.74% less from 5.56 million shares in 2017Q3 were reported.

Emerald Mutual Fund Advisers Tru accumulated 150,908 shares or 0.2% of the stock. At Commercial Bank has 277,857 shares for 1% of their portfolio. Banc Funds stated it has 0.17% in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). Rhumbline Advisers reported 0% stake. Tower Research Capital Limited Co (Trc) holds 0% in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) or 409 shares. Stifel Corp reported 0.01% stake. Prudential Financial Incorporated, New Jersey-based fund reported 37,442 shares. Sei Invs Co holds 11,513 shares. Moreover, Geode Management has 0% invested in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) for 87,624 shares. The United Kingdom-based Barclays Plc has invested 0% in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). State Common Retirement Fund owns 13,800 shares or 0% of their US portfolio. Thrivent For Lutherans invested in 290,610 shares or 0.03% of the stock. Renaissance Tech Ltd Co accumulated 211,700 shares. Balyasny Asset Mgmt Limited Liability owns 6,100 shares for 0% of their portfolio. Citigroup Inc accumulated 6,557 shares.

Since October 31, 2017, it had 10 buys, and 2 selling transactions for $178,831 activity. $10,030 worth of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) was bought by True Douglas K on Thursday, February 1. Shares for $8,275 were bought by McCormick Tracy S. Monson Kevin W had bought 500 shares worth $16,516 on Thursday, February 1. Shares for $33,338 were bought by Kramer Kevin E on Tuesday, January 30. 400 shares were bought by DONOHUE RICHARD R, worth $13,283 on Tuesday, January 30. $16,516 worth of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) shares were bought by Funk Charles N.

Midwestone Financial Group (NASDAQ:MOFG) Rating Reaffirmed

The firm has just set a target price of $41.0 on Midwestone Financial Group (NASDAQ:MOFG) shares. This is 24.92 % from the current stock price. In analysts note issued on Friday morning, KBW kept their “Buy” rating on shares of MOFG.

Investors sentiment decreased to 1 in 2017 Q4. Its down 1.59, from 2.59 in 2017Q3. It turned negative, as 9 investors sold MidWestOne Financial Group, Inc. shares while 24 reduced holdings. 10 funds opened positions while 23 raised stakes. 5.24 million shares or 5.74% less from 5.56 million shares in 2017Q3 were reported.

Emerald Mutual Fund Advisers Tru accumulated 150,908 shares or 0.2% of the stock. At Commercial Bank has 277,857 shares for 1% of their portfolio. Banc Funds stated it has 0.17% in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). Rhumbline Advisers reported 0% stake. Tower Research Capital Limited Co (Trc) holds 0% in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) or 409 shares. Stifel Corp reported 0.01% stake. Prudential Financial Incorporated, New Jersey-based fund reported 37,442 shares. Sei Invs Co holds 11,513 shares. Moreover, Geode Management has 0% invested in MidWestOne Financial Group, Inc. (NASDAQ:MOFG) for 87,624 shares. The United Kingdom-based Barclays Plc has invested 0% in MidWestOne Financial Group, Inc. (NASDAQ:MOFG). State Common Retirement Fund owns 13,800 shares or 0% of their US portfolio. Thrivent For Lutherans invested in 290,610 shares or 0.03% of the stock. Renaissance Tech Ltd Co accumulated 211,700 shares. Balyasny Asset Mgmt Limited Liability owns 6,100 shares for 0% of their portfolio. Citigroup Inc accumulated 6,557 shares.

Since October 31, 2017, it had 10 buys, and 2 selling transactions for $178,831 activity. $10,030 worth of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) was bought by True Douglas K on Thursday, February 1. Shares for $8,275 were bought by McCormick Tracy S. Monson Kevin W had bought 500 shares worth $16,516 on Thursday, February 1. Shares for $33,338 were bought by Kramer Kevin E on Tuesday, January 30. 400 shares were bought by DONOHUE RICHARD R, worth $13,283 on Tuesday, January 30. $16,516 worth of MidWestOne Financial Group, Inc. (NASDAQ:MOFG) shares were bought by Funk Charles N.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Ratings Coverage

Among 3 analysts covering Midwestone Financial Group (NASDAQ:MOFG), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Midwestone Financial Group has $41.0 highest and $34.0 lowest target. $37.33’s average target is 13.74% above currents $32.82 stock price. Midwestone Financial Group had 6 analyst reports since October 26, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Friday, December 22 by Keefe Bruyette & Woods. The firm has “Hold” rating by Piper Jaffray given on Wednesday, February 7. Sandler O’Neill maintained MidWestOne Financial Group, Inc. (NASDAQ:MOFG) on Thursday, January 18 with “Buy” rating. Piper Jaffray maintained the shares of MOFG in report on Tuesday, December 19 with “Hold” rating. The rating was maintained by Sandler O’Neill on Tuesday, March 27 with “Buy”. Piper Jaffray maintained the stock with “Hold” rating in Thursday, October 26 report.

The stock decreased 0.09% or $0.03 during the last trading session, reaching $32.82. About 5,722 shares traded. MidWestOne Financial Group, Inc. (NASDAQ:MOFG) has declined 3.37% since April 17, 2017 and is downtrending. It has underperformed by 14.92% the S&P500.

MidWestOne Financial Group, Inc. operates as the bank holding firm for MidWestOne Bank that provides commercial and retail banking services and products to individuals, businesses, institutional customers, and government agencies in Iowa, Minnesota, Wisconsin, and Florida. The company has market cap of $401.56 million. 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. It has a 21.17 P/E ratio. The firm also provides commercial and industrial loans, agricultural loans, commercial and residential real estate loans, and consumer loans.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Institutional Positions Chart

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