MidWestOne Financial Group (MOFG) Stock Forecast, Price Target & Predictions
MOFG Stock Forecast
MidWestOne Financial Group stock forecast is as follows: an average price target of $31.25 (represents a 9.88% upside from MOFG’s last price of $28.44) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
MOFG Price Target
The average price target for MidWestOne Financial Group (MOFG) is $31.25 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $31.50 to $31.00. This represents a potential 9.88% upside from MOFG's last price of $28.44.
MOFG Analyst Ratings
According to 3 Wall Street analysts, MidWestOne Financial Group's rating consensus is 'Hold'. The analyst rating breakdown for MOFG stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
MidWestOne Financial Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 28, 2024 | Nathan Race | Piper Sandler | $31.50 | $28.93 | 8.88% | 10.76% |
| Jul 29, 2024 | Nathan Race | Piper Sandler | $30.00 | $28.50 | 5.27% | 5.49% |
| Apr 29, 2024 | Nathan Race | Piper Sandler | $22.00 | $20.41 | 7.76% | -22.64% |
| Jan 29, 2024 | - | Stephens | $31.00 | $26.29 | 17.92% | 9.00% |
The latest MidWestOne Financial Group stock forecast, released on Oct 28, 2024 by Nathan Race from Piper Sandler, set a price target of $31.50, which represents a 8.88% increase from the stock price at the time of the forecast ($28.93), and a 10.76% increase from MOFG last price ($28.44).
MidWestOne Financial Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 4 |
| Avg Price Target | $31.50 | $31.50 | $28.63 |
| Last Closing Price | $28.44 | $28.44 | $28.44 |
| Upside/Downside | 10.76% | 10.76% | 0.67% |
In the current month, the average price target of MidWestOne Financial Group stock is $31.50, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 10.76% increase as opposed to MidWestOne Financial Group's last price of $28.44. This month's average price target is down 0.00% compared to last quarter, and up 10.02% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 28, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Sep 27, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jul 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Dec 13, 2022 | Keefe, Bruyette & Woods | - | Market Perform | Downgrade |
| Apr 25, 2022 | Zacks Investment Research | - | Buy | Upgrade |
MidWestOne Financial Group's last stock rating was published by Piper Sandler on Oct 28, 2024. The company gave MOFG a "Neutral" rating, the same as its previous rate.
MidWestOne Financial Group Financial Forecast
MidWestOne Financial Group Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $69.20M | $44.44M | $45.71M | $36.03M | $54.50M | $58.32M | $52.07M | $48.98M | $50.05M | $49.52M | $48.72M | $50.44M | $49.66M | $47.38M | $46.98M | $47.56M | $48.62M | $51.26M |
| Avg Forecast | $67.11M | $66.27M | $64.54M | $63.16M | $63.65M | $62.35M | $60.28M | $58.06M | $57.32M | $48.81M | $47.85M | $44.72M | $45.10M | $47.39M | $49.01M | $51.62M | $57.48M | $55.05M | $51.16M | $47.98M | $49.05M | $47.87M | $49.73M | $49.95M | $48.25M | $47.45M | $48.85M | $46.94M | $48.45M | $47.50M |
| High Forecast | $70.98M | $70.09M | $68.26M | $66.80M | $67.32M | $65.94M | $63.75M | $58.54M | $57.91M | $49.05M | $47.85M | $44.72M | $47.70M | $48.29M | $51.83M | $54.60M | $60.79M | $55.05M | $51.16M | $47.98M | $49.05M | $47.87M | $49.73M | $49.95M | $48.25M | $47.45M | $48.85M | $46.94M | $48.45M | $47.50M |
| Low Forecast | $65.18M | $64.36M | $62.68M | $61.34M | $61.82M | $60.55M | $58.54M | $57.58M | $56.72M | $48.58M | $47.85M | $44.72M | $43.81M | $46.49M | $47.60M | $50.14M | $55.82M | $55.05M | $51.16M | $47.98M | $49.05M | $47.87M | $49.73M | $49.95M | $48.25M | $47.45M | $48.85M | $46.94M | $48.45M | $47.50M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.53% | 0.94% | 0.93% | 0.70% | 0.95% | 1.06% | 1.02% | 1.02% | 1.02% | 1.03% | 0.98% | 1.01% | 1.03% | 1.00% | 0.96% | 1.01% | 1.00% | 1.08% |
MidWestOne Financial Group's average Quarter revenue forecast for Mar 24 based on 1 analysts is $44.72M, with a low forecast of $44.72M, and a high forecast of $44.72M. MOFG's average Quarter revenue forecast represents a -35.38% decrease compared to the company's last Quarter revenue of $69.20M (Dec 23).
MidWestOne Financial Group EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $2.52M | $12.80M | $10.79M | $22.76M | $35.34M | $32.65M | $24.85M | $24.32M | $25.21M | $25.14M | $28.45M | $32.72M | $27.72M | $-8.49M | $23.19M | $7.28M | $16.51M | $30.55M |
| Avg Forecast | $20.73M | $20.47M | $19.94M | $19.51M | $19.66M | $19.26M | $18.62M | $17.93M | $17.70M | $15.08M | $14.78M | $26.08M | $13.93M | $14.64M | $15.14M | $23.71M | $29.18M | $17.00M | $15.80M | $21.55M | $15.15M | $14.79M | $15.36M | $23.14M | $14.90M | $14.66M | $15.09M | $14.34M | $14.97M | $14.67M |
| High Forecast | $21.92M | $21.65M | $21.08M | $20.63M | $20.79M | $20.37M | $19.69M | $18.08M | $17.89M | $15.15M | $14.78M | $31.29M | $14.74M | $14.92M | $16.01M | $28.45M | $35.02M | $17.00M | $15.80M | $25.86M | $15.15M | $14.79M | $15.36M | $27.76M | $14.90M | $14.66M | $15.09M | $17.20M | $14.97M | $14.67M |
| Low Forecast | $20.13M | $19.88M | $19.36M | $18.95M | $19.09M | $18.70M | $18.08M | $17.79M | $17.52M | $15.01M | $14.78M | $20.86M | $13.53M | $14.36M | $14.70M | $18.97M | $23.34M | $17.00M | $15.80M | $17.24M | $15.15M | $14.79M | $15.36M | $18.51M | $14.90M | $14.66M | $15.09M | $11.47M | $14.97M | $14.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.18% | 0.87% | 0.71% | 0.96% | 1.21% | 1.92% | 1.57% | 1.13% | 1.66% | 1.70% | 1.85% | 1.41% | 1.86% | -0.58% | 1.54% | 0.51% | 1.10% | 2.08% |
1 analysts predict MOFG's average Quarter EBITDA for Mar 24 to be $26.08M, with a high of $31.29M and a low of $20.86M. This is 933.98% upper than MidWestOne Financial Group's previous annual EBITDA (Dec 23) of $2.52M.
MidWestOne Financial Group Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $2.73M | $9.14M | $7.59M | $1.40M | $16.00M | $18.32M | $12.62M | $13.89M | $14.26M | $16.31M | $17.27M | $21.65M | $16.71M | $-19.82M | $11.71M | $-1.98M | $13.37M | $12.30M |
| Avg Forecast | $14.93M | $14.62M | $13.46M | $12.99M | $13.34M | $12.74M | $11.51M | $10.31M | $10.82M | $8.67M | $7.82M | $14.90M | $7.73M | $8.99M | $10.66M | $13.54M | $16.50M | $15.94M | $13.41M | $12.31M | $15.18M | $14.57M | $14.14M | $15.31M | $10.57M | $9.66M | $4.77M | $-3.89M | $13.06M | $11.71M |
| High Forecast | $16.05M | $15.71M | $14.47M | $13.96M | $14.34M | $13.70M | $12.38M | $12.01M | $12.37M | $8.91M | $8.41M | $17.88M | $8.31M | $9.15M | $11.46M | $16.25M | $19.80M | $15.94M | $13.41M | $14.77M | $15.18M | $14.57M | $14.14M | $18.37M | $10.57M | $9.66M | $4.77M | $-3.11M | $13.06M | $11.71M |
| Low Forecast | $14.37M | $14.07M | $12.95M | $12.50M | $12.84M | $12.27M | $11.08M | $8.45M | $9.27M | $8.44M | $7.53M | $11.92M | $7.44M | $8.83M | $10.26M | $10.83M | $13.20M | $15.94M | $13.41M | $9.85M | $15.18M | $14.57M | $14.14M | $12.25M | $10.57M | $9.66M | $4.77M | $-4.67M | $13.06M | $11.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.35% | 1.02% | 0.71% | 0.10% | 0.97% | 1.15% | 0.94% | 1.13% | 0.94% | 1.12% | 1.22% | 1.41% | 1.58% | -2.05% | 2.46% | 0.51% | 1.02% | 1.05% |
MidWestOne Financial Group's average Quarter net income forecast for Mar 24 is $14.90M, with a range of $11.92M to $17.88M. MOFG's average Quarter net income forecast represents a 445.70% increase compared to the company's last Quarter net income of $2.73M (Dec 23).
MidWestOne Financial Group SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $700.00K | $20.12M | $22.39M | $21.34M | $21.79M | $23.63M | $22.04M | $21.62M | $21.25M | $20.49M | $20.24M | $20.10M | $20.99M | $19.52M | $18.73M | $19.94M | $22.31M | $20.27M |
| Avg Forecast | $26.40M | $26.07M | $25.39M | $24.85M | $25.04M | $24.53M | $23.71M | $22.84M | $22.55M | $19.20M | $18.83M | $23.18M | $17.74M | $18.64M | $19.28M | $21.07M | $24.60M | $21.66M | $20.13M | $19.15M | $19.30M | $18.83M | $19.56M | $14.21M | $18.98M | $18.67M | $19.22M | $39.25M | $19.06M | $18.69M |
| High Forecast | $27.92M | $27.57M | $26.85M | $26.28M | $26.48M | $25.94M | $25.08M | $23.03M | $22.78M | $19.30M | $18.83M | $27.81M | $18.77M | $19.00M | $20.39M | $25.28M | $29.52M | $21.66M | $20.13M | $22.98M | $19.30M | $18.83M | $19.56M | $17.05M | $18.98M | $18.67M | $19.22M | $47.10M | $19.06M | $18.69M |
| Low Forecast | $25.64M | $25.32M | $24.66M | $24.13M | $24.32M | $23.82M | $23.03M | $22.65M | $22.31M | $19.11M | $18.82M | $18.54M | $17.23M | $18.29M | $18.72M | $16.86M | $19.68M | $21.66M | $20.13M | $15.32M | $19.30M | $18.83M | $19.56M | $11.37M | $18.98M | $18.67M | $19.22M | $31.40M | $19.06M | $18.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.04% | 1.08% | 1.16% | 1.01% | 0.89% | 1.09% | 1.09% | 1.13% | 1.10% | 1.09% | 1.03% | 1.41% | 1.11% | 1.05% | 0.97% | 0.51% | 1.17% | 1.09% |
MidWestOne Financial Group's average Quarter SG&A projection for Mar 24 is $23.18M, based on 1 Wall Street analysts, with a range of $18.54M to $27.81M. The forecast indicates a 3210.80% rise compared to MOFG last annual SG&A of $700.00K (Dec 23).
MidWestOne Financial Group EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.17 | $0.58 | $0.48 | $0.09 | $1.02 | $1.17 | $0.81 | $0.89 | $0.91 | $1.03 | $1.08 | $1.35 | $1.04 | $-1.23 | $0.73 | $-0.12 | $0.83 | $0.76 |
| Avg Forecast | $0.95 | $0.93 | $0.85 | $0.82 | $0.85 | $0.81 | $0.73 | $0.65 | $0.69 | $0.55 | $0.50 | $0.36 | $0.49 | $0.57 | $0.68 | $0.76 | $1.08 | $1.01 | $0.85 | $0.79 | $0.96 | $0.92 | $0.90 | $0.80 | $0.67 | $0.61 | $0.30 | $0.64 | $0.83 | $0.74 |
| High Forecast | $1.02 | $1.00 | $0.92 | $0.89 | $0.91 | $0.87 | $0.78 | $0.76 | $0.78 | $0.56 | $0.53 | $0.38 | $0.53 | $0.58 | $0.73 | $0.81 | $1.16 | $1.01 | $0.85 | $0.79 | $0.96 | $0.92 | $0.90 | $0.80 | $0.67 | $0.61 | $0.30 | $0.64 | $0.83 | $0.74 |
| Low Forecast | $0.91 | $0.89 | $0.82 | $0.79 | $0.81 | $0.78 | $0.70 | $0.54 | $0.59 | $0.54 | $0.48 | $0.34 | $0.47 | $0.56 | $0.65 | $0.73 | $1.04 | $1.01 | $0.85 | $0.79 | $0.96 | $0.92 | $0.90 | $0.80 | $0.67 | $0.61 | $0.30 | $0.64 | $0.83 | $0.74 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.35% | 1.02% | 0.71% | 0.12% | 0.94% | 1.16% | 0.95% | 1.13% | 0.95% | 1.12% | 1.21% | 1.69% | 1.55% | -2.01% | 2.42% | -0.19% | 1.00% | 1.02% |
According to 1 Wall Street analysts, MidWestOne Financial Group's projected average Quarter EPS for Mar 24 is $0.36, with a low estimate of $0.34 and a high estimate of $0.38. This represents a 110.59% increase compared to MOFG previous annual EPS of $0.17 (Dec 23).
MidWestOne Financial Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CIVB | Civista Bancshares | $20.36 | $24.00 | 17.88% | Buy |
| FNWB | First Northwest Bancorp | $9.75 | $11.00 | 12.82% | Hold |
| HFWA | Heritage Financial | $23.23 | $26.00 | 11.92% | Hold |
| MOFG | MidWestOne Financial Group | $28.44 | $31.25 | 9.88% | Hold |
| GSBC | Great Southern Bancorp | $56.66 | $62.00 | 9.42% | Hold |
| HBCP | Home Bancorp | $46.16 | $50.00 | 8.32% | Buy |
| FFNW | First Financial Northwest | $22.11 | $23.50 | 6.29% | Hold |
| FSBW | FS Bancorp | $42.80 | $44.00 | 2.80% | - |
| FCCO | First Community | $23.42 | $21.00 | -10.33% | Buy |
MOFG Forecast FAQ
Is MidWestOne Financial Group a good buy?
No, according to 3 Wall Street analysts, MidWestOne Financial Group (MOFG) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of MOFG's total ratings.
What is MOFG's price target?
MidWestOne Financial Group (MOFG) average price target is $31.25 with a range of $31 to $31.5, implying a 9.88% from its last price of $28.44. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will MidWestOne Financial Group stock go up soon?
According to Wall Street analysts' prediction for MOFG stock, the company can go up by 9.88% (from the last price of $28.44 to the average price target of $31.25), up by 10.76% based on the highest stock price target, and up by 9.00% based on the lowest stock price target.
Can MidWestOne Financial Group stock reach $40?
MOFG's average twelve months analyst stock price target of $31.25 does not support the claim that MidWestOne Financial Group can reach $40 in the near future.
What is MidWestOne Financial Group's current price target trend?
1 Wall Street analyst forecast a $31.5 price target for MidWestOne Financial Group (MOFG) this month, up 10.76% from its last price of $28.44. Compared to the last 3 and 12 months, the average price target increased by 10.76% and increased by 0.67%, respectively.
What are MidWestOne Financial Group's analysts' financial forecasts?
MidWestOne Financial Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $244.33M (high $255.55M, low $238.49M), average EBITDA is $75.47M (high $78.93M, low $73.66M), average net income is $47.92M (high $52.42M, low $44.65M), average SG&A $96.12M (high $100.53M, low $93.82M), and average EPS is $3.04 (high $3.32, low $2.83). MOFG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $261.08M (high $276.13M, low $253.56M), average EBITDA is $80.64M (high $85.29M, low $78.32M), average net income is $55.99M (high $60.19M, low $53.89M), average SG&A $102.71M (high $108.63M, low $99.75M), and average EPS is $3.55 (high $3.82, low $3.42).
Did the MOFG's actual financial results beat the analysts' financial forecasts?
Based on MidWestOne Financial Group's last annual report (Dec 2023), the company's revenue was $268.02M, beating the average analysts forecast of $193.13M by 38.78%. Apple's EBITDA was $24.83M, missing the average prediction of $67.41M by -63.16%. The company's net income was $20.86M, missing the average estimation of $40.92M by -49.03%. Apple's SG&A was $3.61M, missing the average forecast of $76.74M by -95.30%. Lastly, the company's EPS was $1.33, missing the average prediction of $2.49 by -46.61%. In terms of the last quarterly report (Dec 2023), MidWestOne Financial Group's revenue was $69.2M, beating the average analysts' forecast of $45.1M by 53.43%. The company's EBITDA was $2.52M, missing the average prediction of $13.93M by -81.90%. MidWestOne Financial Group's net income was $2.73M, missing the average estimation of $7.73M by -64.68%. The company's SG&A was $700K, missing the average forecast of $17.74M by -96.06%. Lastly, the company's EPS was $0.17, missing the average prediction of $0.49 by -65.31%