Midwestone Financial Group (MOFG) AI Stock Analysis

• Market Cap: $814.79M
• Dividend Yield: 2.46%
• Average Volume (3M): 352.08K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 1.03
• Revenue Growth: 89.00%
• EPS Growth: N/A
• Country: US
• Employees: 757
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.82
• Shares Outstanding: 20,632,760
• 10 Day Avg. Volume: 295,326
• 30 Day Avg. Volume: 352,076
• PEG Ratio: 0.02
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 2.41
• P/FCF Ratio: 8.16
• Enterprise Value/Market Cap: 0.76
• Enterprise Value/Revenue: 3.02
• Enterprise Value/Gross Profit: 9.07
• Enterprise Value/Ebitda: -8.29
• 1Y Price Target: $50.00
• Price Target Upside: 23.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: $42.00 ▲(3.40% Upside)

The overall stock score of 64 reflects a mixed outlook. The most significant factor is the financial performance, which is currently weak due to negative profitability and revenue trends. However, strong technical indicators and positive earnings call sentiment, particularly regarding the strategic acquisition, provide a counterbalance. Valuation metrics suggest the stock is reasonably priced, adding to its appeal.

Positive Factors

Strategic Acquisition

The acquisition significantly enhances the company's asset base and market position, promising improved profitability and competitive strength.

Market Position

This strengthened market position provides a competitive edge, supporting long-term growth and stability in a key regional market.

EPS Accretion

Expected EPS growth indicates improved profitability and shareholder value, enhancing financial performance over the long term.

Negative Factors

Negative Profitability

Persistent negative profitability can undermine financial health, requiring strategic changes to reverse losses and improve margins.

Integration Challenges

Integration complexities may delay cost efficiencies and synergies, impacting the expected benefits of the acquisition.

Impact of Durbin Amendment

Regulatory changes could reduce revenue streams, pressuring margins and necessitating adjustments to maintain profitability.

Midwestone Financial Group Business Overview & Revenue Model

Company Description

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, governmental units, and institutional customers. It offers deposit products, such as noninterest bearing and interest-bearing demand deposit accounts, interest checking accounts, savings accounts, money market accounts, certificates of deposit, and time deposits. The company also provides commercial and industrial, commercial and residential real estate, agricultural, and credit card loans, as well as consumer loans, such as secured and unsecured personal, and automobile loans. In addition, it offers various trust and investment services, including administering estates, personal trusts, and conservatorships, as well as property management, farm management, investment advisory, retail securities brokerage, and financial planning and custodial services, as well as investment-related services, including securities trading, mutual funds sales, fixed and variable annuities, tax-exempted, and conventional unit trusts. Further, the company provides other products and services comprising treasury management, debit cards, automated teller machines, online and mobile banking, and safe deposit boxes. It offers its products and services primarily through a network of 56 banking offices located in central and eastern Iowa, the Minneapolis/St. Paul metropolitan area of Minnesota, southwestern Wisconsin, southwestern Florida, and Denver, Colorado. MidWestOne Financial Group, Inc. was incorporated in 1983 and is headquartered in Iowa City, Iowa.

How the Company Makes Money

Midwestone Financial Group generates revenue primarily through interest income from loans and investments, as well as non-interest income from fees for various financial services. Key revenue streams include interest earned on commercial and consumer loans, mortgage originations, and deposits. Additionally, MOFG earns non-interest income through wealth management services, insurance commissions, and service fees associated with deposit accounts. The company may also benefit from partnerships with other financial institutions or businesses that enhance its service offerings and customer reach, contributing to its overall financial performance.

Midwestone Financial Group Financial Statement Overview

Summary

Midwestone Financial Group faces significant challenges in profitability and revenue growth, with negative margins and declining revenue. The balance sheet shows stable leverage but negative returns, while cash flow management is a relative strength despite income losses.

Income Statement

Midwestone Financial Group's income statement shows a concerning trend with declining revenue and negative profitability metrics in the TTM period. The gross profit margin has decreased significantly from previous years, and the net profit margin is negative, indicating losses. The EBIT and EBITDA margins are also negative, reflecting operational challenges. Revenue growth has been negative, highlighting a need for strategic adjustments to reverse this trend.

Balance Sheet

The balance sheet reveals a relatively stable debt-to-equity ratio, which has improved over the years, indicating better leverage management. However, the return on equity is negative in the TTM period, suggesting inefficiencies in generating returns for shareholders. The equity ratio remains stable, but the negative ROE is a concern that needs addressing to improve shareholder value.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth, with negative growth in the TTM period. The operating cash flow to net income ratio is low, indicating challenges in converting income into cash. However, the free cash flow to net income ratio is relatively high, suggesting that despite income losses, the company manages to maintain cash flow, which is a positive aspect.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	204.96M	206.03M	268.04M	244.28M	219.22M	223.41M
Gross Profit	68.31M	60.51M	156.75M	209.38M	206.07M	163.22M
EBITDA	-74.80M	-76.29M	37.41M	86.76M	91.04M	17.88M
Net Income	-54.26M	-60.29M	20.86M	60.84M	69.49M	6.62M
Balance Sheet
Total Assets	6.16B	6.24B	6.43B	6.58B	6.03B	5.56B
Cash, Cash Equivalents and Short-Term Investments	1.40B	1.53B	876.85M	1.24B	2.49B	1.74B
Total Debt	112.32M	116.56M	138.56M	531.08M	336.25M	439.48M
Total Liabilities	5.57B	5.68B	5.90B	6.09B	5.50B	5.04B
Stockholders Equity	589.04M	559.70M	524.38M	492.79M	527.48M	515.25M
Cash Flow
Free Cash Flow	59.16M	60.78M	58.52M	87.67M	109.54M	7.03M
Operating Cash Flow	61.95M	63.18M	62.57M	90.33M	111.55M	9.16M
Investing Cash Flow	350.55M	312.30M	129.73M	-273.27M	-428.32M	-867.44M
Financing Cash Flow	-344.63M	-252.32M	-197.01M	65.55M	437.94M	867.46M

Midwestone Financial Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 40.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MOFG, the sentiment is Positive. The current price of 40.62 is above the 20-day moving average (MA) of 38.70, above the 50-day MA of 33.55, and above the 200-day MA of 29.84, indicating a bullish trend. The MACD of 1.53 indicates Positive momentum. The RSI at 65.72 is Neutral, neither overbought nor oversold. The STOCH value of 91.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MOFG.

Midwestone Financial Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HTBK	76 Outperform	$660.02M	15.32	6.26%	4.68%	8.23%	-0.07%
SMBC	73 Outperform	$642.21M	10.42	11.54%	1.69%	9.34%	25.21%
SMBK	73 Outperform	$598.94M	12.83	9.01%	0.88%	13.41%	41.78%
HIFS	69 Neutral	$632.49M	14.13	10.23%	0.86%	8.26%	94.53%
ALRS	69 Neutral	$531.54M	10.10	11.37%	3.78%	42.22%	1207.84%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MOFG	64 Neutral	$814.79M	14.06	10.01%	2.46%	89.00%	―

Midwestone Financial Group Corporate Events

Nikolay Bancshares’ Strategic Acquisition Boosts Outlook

The recent earnings call of Nikolay Bancshares was marked by a predominantly positive sentiment, largely driven by the strategic acquisition of MidWestOne Financial Group. This move is expected to bolster Nikolay’s market position and profitability, although some challenges such as the financial impact of the Durbin Amendment and integration complexities were acknowledged.

Midwestone Financial Group Announces Merger with Nicolet

On October 23, 2025, MidWestOne Financial Group, Inc. and Nicolet Bankshares, Inc. announced a merger agreement where MidWestOne will merge into Nicolet in an all-stock transaction valued at approximately $864 million. This merger will create one of the largest community banks in the Upper Midwest with over $15 billion in assets, enhancing their market presence and operational scale. The merger is expected to close in the first half of 2026, subject to customary closing conditions, and will result in MidWestOne shareholders owning 30% of the combined company.

The most recent analyst rating on (MOFG) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on Midwestone Financial Group stock, see the MOFG Stock Forecast page.

MidWestOne Financial to Announce Q3 2025 Results

On October 10, 2025, MidWestOne Financial Group, Inc. announced it will release its third quarter 2025 financial results after the market closes on October 23, 2025. The company will host a conference call on October 24, 2025, to discuss these results, providing stakeholders with insights into its recent activities and financial performance.

The most recent analyst rating on (MOFG) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on Midwestone Financial Group stock, see the MOFG Stock Forecast page.

Midwestone Financial Redeems $65M Subordinated Notes

On July 30, 2025, MidWestOne Financial Group, Inc. redeemed its $65.0 million 5.75% Fixed-to-Floating Rate Subordinated Notes due 2030. This redemption was completed using a combination of cash on hand and proceeds from a $50.0 million senior term note, which closed on July 29, 2025, and is structured with a 5-year maturity and 7-year amortization, bearing interest at a floating rate.

The most recent analyst rating on (MOFG) stock is a Buy with a $39.00 price target. To see the full list of analyst forecasts on Midwestone Financial Group stock, see the MOFG Stock Forecast page.

MidWestOne Financial’s Mixed Earnings Call Reveals Growth and Challenges

MidWestOne Financial’s recent earnings call painted a mixed picture, reflecting both strengths and challenges faced by the company. While there was notable growth in loan and interest income, and improvements in wealth management and SBA performance, these positives were counterbalanced by a significant issue with a commercial real estate (CRE) loan. This issue impacted asset quality and led to increased credit loss provisions. Despite these hurdles, the company has managed its expenses well and successfully acquired new talent to drive future growth.

MidWestOne Financial Reports Strong Q2 2025 Results

MidWestOne Financial Group, Inc. is a financial holding company based in Iowa City, Iowa, operating primarily in the banking sector through its subsidiary, MidWestOne Bank, with branches across Iowa, Minnesota, Wisconsin, and Colorado.

MidWestOne Financial Group Plans Q3 Investor Presentations

MidWestOne Financial Group announced that its executive officers will present to institutional investors during the third quarter of 2025. This initiative aims to engage with investors and provide insights into the company’s operations and financial performance. The presentations are part of MidWestOne’s efforts to strengthen its market position and communicate its growth strategies to stakeholders.

The most recent analyst rating on (MOFG) stock is a Buy with a $39.00 price target. To see the full list of analyst forecasts on Midwestone Financial Group stock, see the MOFG Stock Forecast page.