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MidWestOne Financial (MOFG) Company Profile

Updated Jun 2, 2020
MidWestOne Financial has the following business profile:
Company's Full Name:MidWestOne Financial Group, Inc.
Short Name:MidWestOne Financial
Trading Ticker Symbol:MOFG
Primary Exchange:NASDAQ
Headquarter City/Country:Iowa, IA
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding MidWestOne Financial stock

Market and Trading Information for MidWestOne Financial

The following details were available for trading and market data about the stock of MidWestOne Financial as of writing:
Current Share Price:$18.82
Previous Year's Closing Price:$36.23
Percentage Price Change (YTD):-48.05%
Market Cap:$302.81 million
52-week Price Range:$15.25 - $39.03
Dividend Per Share:$0.83
EPS (TTM):2.16
Price-Earnings (Trailing):8.69
Price-Earnings (Forward):8.11

Company Profile and Business Description for MidWestOne Financial

MidWestOne Financial Group, Inc., incorporated on May 9, 1983, is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc. that operates through three agencies located in central and east-central Iowa. As of December 31, 2016, the Bank operated a total of 43 banking offices in Iowa, Minnesota, Wisconsin, and Florida. It provides full service retail banking in the communities in which its branch offices are located and also offers trust and investment management services.

The Bank offers deposit products, including checking and other demand deposit accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits. The Bank offers commercial and industrial, agricultural, real estate mortgage and consumer loans. Other products and services include debit cards, automated teller machines, online banking, mobile banking, and safe deposit boxes. The principal service consists of making loans to and accepting deposits from individuals, businesses, governmental units and institutional customers. The Bank also has a trust and investment department through which it offers a range of trust and investment services, including administering estates, personal trusts, and conservatorships and providing property management, farm management, custodial, financial planning, investment management and retail brokerage services.

Lending Activities

The Company provides a range of commercial and retail lending services to businesses, individuals and government agencies. Its credit activities include commercial, industrial and agricultural loans; real estate construction loans; commercial and residential real estate loans, and consumer loans. It markets its services to qualified lending customers. It offers loans both to individuals constructing personal residences and to real estate developers and building contractors for the acquisition of land for development and the construction of homes and commercial properties. It offers residential, commercial and agricultural mortgage loans. It also offers mortgage loans to its commercial and agricultural customers for the acquisition of real estate used in their business, such as offices, farmland, warehouses and production facilities, and to real estate investors for the acquisition of apartment buildings, retail centers, office buildings and other commercial buildings.

The Company's commercial and industrial loan portfolio includes loans to wholesalers, manufacturers, contractors, business services companies and retailers. It provides a range of business loans, including lines of credit for working capital and operational purposes and term loans for the acquisition of equipment. Its consumer lending department provides various types of consumer loans, including personal loans (secured or unsecured) and automobile loans. Its agricultural loans include loans made to finance agricultural production and other loans to farmers and farming operations. As of December 31, 2016, its total loan portfolio was $2.17 billion.

Investment Activities

The composition of securities available for sale includes the United States treasury, the United States government agency securities and corporations, states and political subdivisions, mortgage-backed securities, collateralized mortgage obligations, collateralized debt obligations, corporate debt securities and other equity securities. The composition of securities held to maturity includes states and political subdivisions, mortgage-backed securities, collateralized mortgage obligations and corporate debt securities. The Company's mortgage-backed and collateralized mortgage obligations portfolios consist of securities backed by one- to four-family mortgage loans and underwritten to the standards of and guaranteed by the government-sponsored agencies, such as Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association and the Government National Mortgage Association. As of December 31, 2016, its total securities available for sale with fair value were approximately $479.3 million. As of December 31, 2016, its total securities held to maturity with fair value were $168.3 million. As of December 31, 2016, its investment securities portfolio totaled $645.9 million.

Sources of Funds

Its primary sources of funds consist of cash from operations, investment maturities and sales, deposits and funds from sales of capital securities. Its principal sources of funds are deposits, advances from the Federal Home Loan Banks (FHLB), principal repayments on loans, proceeds from the sale of loans, proceeds from the maturity and sale of investment securities, its federal funds lines of credit and funds provided by operations. As of December 31, 2016, its total deposits amounted to $2.48 billion.

102 S Clinton St

ETFs Holding MidWestOne Financial Stock

As of March 2020, the following exchange-traded funds (ETF) hold the MidWestOne Financial stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have MidWestOne Financial stock holding. There are a total of 25 ETFs in Fknol.com records which are holding MidWestOne Financial stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
Quarterly
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
VFHVanguard Financials ETFThe Vanguard Financials ETF tracks the performance of the MSCI US Investable Market Financials 25/50 Index, which includes the financial stocks of the top 98% of US market by capitalization. ...Full Details0.1%408
Full List
Quarterly
VTHRVanguard Russell 3000 ETFThe Vanguard Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum including micro-caps. ...Full Details0.15%1581
Full List
Quarterly
VTIVanguard Total Stock Market ETFThe Vanguard Total Stock Market ETF tracks a cap-weighted index that measures the investable US equities market, encompassing the entire market-cap spectrum. ...Full Details ...Candlestick Patterns.0.04%1515
Full List
Quarterly
EESWisdomTree US SmallCap Earnings ETFThe WisdomTree U.S. SmallCap Earnings Fund tracks an index of US small-cap stocks weighted by firms' earnings from core operations. The index is a small-cap subset of the WisdomTree Earnings Index. ...Full Details0.38%815
Full List
Quarterly
FDMFirst Trust Dow Jones Select MicroCap Index FundThe First Trust Dow Jones Select Micro Cap ETF tracks an index of U.S.-listed stocks in the bottom two market-cap deciles. Only stocks that meet fundamental and liquidity thresholds are included in the index. ...Full Details0.6%244
Full List
Quarterly
IWCiShares Microcap ETFThe iShares Microcap ETF tracks a market-cap-weighted index of U.S. micro-cap stocks. The index selects the smallest 1000 stocks in the Russell 2000 Index. ...Full Details0.6%1452
Full List
Quarterly

See Full List of ETFs holding MidWestOne Financial stock in their respective portfolios.

Peer / Competitor Companies of Major Banks Sector

Along with MidWestOne Financial Group, Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile,  Dividend History

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile,  Dividend History

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile,  Dividend History

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile,  Dividend History

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile,  Dividend History

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile,  Dividend History

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile,  Dividend History

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile,  Dividend History

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile,  Dividend History

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile,  Dividend History

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile,  Dividend History

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile,  Dividend History

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile,  Dividend History

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile,  Dividend History

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile,  Dividend History

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile,  Dividend History

▶ BancorpSouth (BXS): BancorpSouth, Inc., incorporated on February 17, 1982, is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations ....See Detailed Company Profile,  Dividend History

▶ Bank of America (BAC): Bank of America Corporation, incorporated on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The Company is a financial institution, serving individual consumers, small- ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

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