MidWestOne Financial Group Inc (MOFG) Files 10-K for the Fiscal Year Ended on December 31, 2019

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Mar 07, 2020
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MidWestOne Financial Group Inc (MOFG, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2019. MidWestOne Financial Group Inc is a bank holding company. The company through its subsidiary provides commercial and retail lending services to individuals, businesses, governmental units and institutional customers in central and east-central Iowa. MidWestOne Financial Group Inc has a market cap of $448.985 million; its shares were traded at around $27.78 with a P/E ratio of 9.52 and P/S ratio of 2.45. The dividend yield of MidWestOne Financial Group Inc stocks is 3.00%. GuruFocus has detected 2 severe warning signs with MidWestOne Financial Group Inc. .

For the last quarter MidWestOne Financial Group Inc reported a revenue of $48.6 million, compared with the revenue of $32.64 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $174.9 million, an increase of 35.8% from last year. For the complete 30-year financial data, please go here.. For the last five years MidWestOne Financial Group Inc had an average revenue growth rate of 15.5% a year.

The reported diluted earnings per share was $2.93 for the year, an increase of 18.1% from previous year. Over the last five years MidWestOne Financial Group Inc had an EPS growth rate of 4.1% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, MidWestOne Financial Group Inc has the cash and cash equivalents of $73.3 million, compared with $45.5 million in the previous year. The long term debt was $231.7 million, compared with $167.4 million in the previous year. MidWestOne Financial Group Inc has a financial strength rank of 2 (out of 10).

At the current stock price of $27.78, MidWestOne Financial Group Inc is traded at 15.3% discount to its historical median P/S valuation band of $32.78. The P/S ratio of the stock is 2.45, while the historical median P/S ratio is 2.81. The stock lost 7.06% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Richard J Hartig bought 1,000 shares of MOFG stock on 02/25/2020 at the average price of $30. The price of the stock has decreased by 7.4% since.
  • Director Douglas H Greeff bought 1,500 shares of MOFG stock on 02/18/2020 at the average price of $31.92. The price of the stock has decreased by 12.97% since.

For the complete 20-year historical financial data of MOFG, click here.