midwestone financial group i
(MOFG:Consolidated Issue Listed on Nasdaq Glbl Slct Mrkt)
midwestone financial group i (MOFG) Snapshot
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Open
$23.73
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Previous Close
$23.79
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Day High
$23.85
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Day Low
$23.70
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52 Week High
01/30/13 - $24.25
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52 Week Low
05/24/12 - $18.76
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Market Cap
201.5M
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Average Volume 10 Days
3.4K
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EPS TTM
$1.69
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Shares Outstanding
8.5M
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EX-Date
05/29/13
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P/E TM
14.0x
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Dividend
$0.50
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Dividend Yield
1.69%
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Related News
midwestone financial group i (MOFG) Related Businessweek News
No Related Businessweek News Foundmidwestone financial group i (MOFG) Details
MidWestOne Financial Group, Inc. operates as the holding company for MidWestOne Bank that provides retail banking products and services for individuals, businesses, governmental units, and institutional customers. The company accepts various deposit products that include noninterest bearing and interest bearing demand deposits, checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits. Its loan portfolio comprises commercial and industrial loans, including lines of credit for working capital and operational purposes, and term loans for the acquisition of equipment; agricultural loans, such as loans made to finance agricultural production, and other loans to farmers and farming operations; real estate construction loans; commercial and residential real estate loans; residential, commercial, and agricultural mortgage loans; and consumer loans, which comprise personal and automobile loans. The company also provides trust and investment services, including administering estates, personal trusts, conservatorships, pension and profit-sharing funds and providing property management, farm management, custodial services, financial planning, investment management, and retail brokerage; investment-related services, which comprise securities trading, financial planning, mutual funds sales, fixed and variable annuities, and tax-exempt and conventional unit trusts; and property and casualty insurance products to individuals and small businesses. In addition, it offers other products and services, including debit cards, automated teller machines, on-line banking, mobile banking, and safe deposit boxes. The company operates 25 branches and a specialized home loan center in central and east-central Iowa; and owns 46 ATMs. MidWestOne Financial Group, Inc. is headquartered in Iowa City, Iowa.
Last Reported Date: 03/7/13
midwestone financial group i (MOFG) Top Compensated Officers
midwestone financial group i (MOFG) Key Developments
MidWest One Financial Group, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. Net income for the first quarter of 2013 rose to $4.8 million, or $0.56 per diluted share, compared with $4.4 million, or $0.52 per diluted share, for the first quarter of 2012. Net income for the first quarter of 2013 was 8.1% higher than the same period in 2012 primarily due to: a 4.1% increase in net interest income; and a 65.5% decrease in the provision for loan losses. Net interest income for the first quarter of 2013 improved $0.5 million, or 4.1%, from $13.3 million for the first quarter of 2012, to $13.8 million. Total interest income was $17.2 million against $17.5 million reported last year. Income before income tax expense was $6.6 million against $6.1 million reported last year. Book value per share at the end of the period was $20.81 against $18.82 and tangible book value per share was $19.72 against $17.63 reported a year ago. Adjusted net income was $4.9 million against $4.6 million reported last year. Return on average assets (annualized) was 1.09% against 1.05% and return on average equity (annualized) was 11.09% against 11.29% reported last year.
MidWest One Financial Group, Inc. announced that the company's board of directors has declared a second quarter cash dividend of $0.125 per common share, which is the same as the dividend paid last quarter. the dividend is payable June 17, 2013 to shareholders of record at the close of business on June 1, 2013. at this quarterly rate, the indicated annual cash dividend is equal to $0.50 per common share.
MidWest One Financial Group, Inc. announced that they will report Q1, 2013 results After-Market on Apr 25, 2013
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Industry Analysis
MOFG
Industry Average
| Valuation | MOFG | Industry Range |
| Price/Earnings | 11.8x |
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| Price/Sales | 2.8x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 11.7x |
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| TEV/Sales | NM | Not Meaningful |
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To contact MIDWESTONE FINANCIAL GROUP I, please visit www.midwestone.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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