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MidWestOne Financial Group Inc (MOFG) Files 10-K for the Fiscal Year Ended on December 31, 2017

- By insider

MidWestOne Financial Group Inc (MOFG) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. 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 $391.650 million; its shares were traded at around $32.05 with a P/E ratio of 20.56 and P/S ratio of 3.08. The dividend yield of MidWestOne Financial Group Inc stocks is 2.19%. MidWestOne Financial Group Inc had annual average EBITDA growth of 3.50% over the past five years.


For the last quarter MidWestOne Financial Group Inc reported a revenue of $31.9 million, compared with the revenue of $30.25 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $126.5 million, an increase of 2.8% from last year. For the last five years MidWestOne Financial Group Inc had an average revenue growth rate of 15.2% a year.

The reported diluted earnings per share was $1.55 for the year, a decline of 12.9% from the previous year. Over the last five years MidWestOne Financial Group Inc had an average EPS decline of 4.6% a year. The MidWestOne Financial Group Inc enjoyed an operating margin of 22.98%, compared with the operating margin of 22.15% a year before. The 10-year historical median operating margin of MidWestOne Financial Group Inc is 28.92%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, MidWestOne Financial Group Inc has the cash and cash equivalents of $50.3 million, compared with $43.2 million in the previous year. The long term debt was $151.3 million, compared with $156.2 million in the previous year. The interest coverage to the debt is 1.9, which is not a favorable level. MidWestOne Financial Group Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $32.05, MidWestOne Financial Group Inc is traded at 18.8% premium to its historical median P/S valuation band of $26.98. The P/S ratio of the stock is 3.08, while the historical median P/S ratio is 2.57. The stock lost 10.83% during the past 12 months.

CEO Recent Trades:

  • President and CEO Charles N Funk bought 500 shares of MOFG stock on 02/01/2018 at the average price of $33.03. The price of the stock has decreased by 2.97% since.

CFO Recent Trades:

  • CFO James M Cantrell bought 500 shares of MOFG stock on 02/01/2018 at the average price of $33.25. The price of the stock has decreased by 3.61% since.

Directors and Officers Recent Trades:

  • Director Douglas K True bought 300 shares of MOFG stock on 02/27/2018 at the average price of $32.5. The price of the stock has decreased by 1.38% since.
  • Director Stephen L West bought 3,000 shares of MOFG stock on 02/05/2018 at the average price of $33.02. The price of the stock has decreased by 2.94% since.
  • Director Ruth E Stanoch bought 200 shares of MOFG stock on 02/01/2018 at the average price of $33.12. The price of the stock has decreased by 3.23% since.
  • Director Douglas K True bought 300 shares of MOFG stock on 02/01/2018 at the average price of $33.43. The price of the stock has decreased by 4.13% since.
  • Director Kevin W Monson bought 500 shares of MOFG stock on 02/01/2018 at the average price of $33.03. The price of the stock has decreased by 2.97% since.

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

This article first appeared on GuruFocus.