Midwestone Financial Group Gets a Buy Rating from KBW

By Jason Carr

In a report released yesterday, Melissa Roberts from KBW reiterated a Buy rating on Midwestone Financial Group (NASDAQ: MOFG), with a price target of $40. The company’s shares closed yesterday at $34.38.

According to TipRanks.com, Roberts is a 2-star analyst with an average return of 0.1% and a 33.3% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

Midwestone Financial Group has an analyst consensus of Moderate Buy, with a price target consensus of $40.

The company has a one year high of $39.20 and a one year low of $26.50. Currently, Midwestone Financial Group has an average volume of 49.59K.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MOFG in relation to earlier this year. Last month, Scott Zaiser, a Director at MOFG bought 950 shares for a total of $17,157.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

MidWestOne Financial Group, Inc. is a bank holding company. The company operates through the following subsidiaries: MidWestOne Bank and MidWestOne Insurance Services, Inc. MidWestOne Bank provides retail banking services, which include deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits. MidWestOne Insurance Services, Inc. provides personal and business insurance services in Iowa. It offers commercial and industrial, agricultural, real estate mortgage and consumer loans. The company’s other products and services include debit cards, automated teller machines, on-line banking, mobile banking, and safe deposit boxes. It also has a trust and investment department through which it offers a variety of trust and investment services, including administering estates, personal trusts, conservatorships, pension and profit-sharing funds and providing property management, farm management, custodial, financial planning, investment management and retail brokerage services. MidWestOne Financial Group was founded on March 14, 2008 and is headquartered in Iowa City, IA.