midwestone bank was founded in 1934 with the mission statement "to take care of our customers...and those who should be." this is the same mission today. headquartered in iowa city, iowa, midwestone bank operates 44 banking locations in iowa, minnesota, wisconsin, florida and colorado. as a community bank, midwestone focuses on fulfilling all of the possible financial needs of a customer by offering personal banking, small business banking, wealth management, mortgage, and more. midwestone bank is wholly owned by the holding company, midwestone financial group, inc. (mofg). mofg is publicly traded on nasdaq. member fdic. equal housing lender. at midwestone...you're the one.
Company profile
Ticker
MOFG
Exchange
Website
CEO
Charles N. Funk
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ISB Financial Corp.
SEC CIK
Corporate docs
IRS number
421206172
MOFG stock data
Latest filings (excl ownership)
8-K
MidWestOne Financial Group, Inc. Announces First Quarter 2024 Earnings Conference Call
12 Apr 24
ARS
2023 FY
Annual report to shareholders
20 Mar 24
DEFR14A
Revised proxy
11 Mar 24
DEFA14A
Additional proxy soliciting materials
8 Mar 24
DEF 14A
Definitive proxy
8 Mar 24
10-K
2023 FY
Annual report
8 Mar 24
8-K
MidWestOne Financial Group, Inc. Completes
2 Feb 24
8-K
Regulation FD Disclosure
30 Jan 24
8-K
Reports Financial Results for the Fourth Quarter and Full Year of 2023
25 Jan 24
8-K
MidWestOne Financial Group, Inc. Announces Fourth Quarter 2023 Earnings Conference Call
12 Jan 24
Transcripts
MOFG
Earnings call transcript
2023 Q4
26 Jan 24
MOFG
Earnings call transcript
2023 Q3
27 Oct 23
MOFG
Earnings call transcript
2023 Q2
1 Aug 23
MOFG
Earnings call transcript
2023 Q1
28 Apr 23
MOFG
Earnings call transcript
2022 Q4
27 Jan 23
MOFG
Earnings call transcript
2022 Q3
28 Oct 22
MOFG
Earnings call transcript
2022 Q2
30 Jul 22
MOFG
Earnings call transcript
2022 Q1
29 Apr 22
MOFG
Earnings call transcript
2021 Q4
28 Jan 22
MOFG
Earnings call transcript
2022 Q4
27 Jan 22
Latest ownership filings
4
CHARLES N REEVES
11 Mar 24
4
Gary L Sims
20 Feb 24
4
Charles N Funk
20 Feb 24
4
John J Ruppel
20 Feb 24
4
Len D Devaisher
20 Feb 24
4
CHARLES N REEVES
20 Feb 24
4
David E Lindstrom
20 Feb 24
4
Barry S Ray
20 Feb 24
13F-HR
Quarterly holdings report by institutional manager
14 Feb 24
SC 13G/A
BlackRock Inc.
25 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 74.79 mm | 74.79 mm | 74.79 mm | 74.79 mm | 74.79 mm | 74.79 mm |
Cash burn (monthly) | 23.26 mm | 310.50 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 154.78 mm | 2.07 mm | n/a | n/a | n/a | n/a |
Cash remaining | -80.00 mm | 72.72 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -3.4 | 234.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
65.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 80 |
Opened positions | 10 |
Closed positions | 15 |
Increased positions | 32 |
Reduced positions | 25 |
13F shares | Current |
---|---|
Total value | 213.62 bn |
Total shares | 10.24 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
MOFG MidWestOne Financial | 4.17 mm | $89.06 bn |
BLK Blackrock | 1.27 mm | $27.21 bn |
Dimensional Fund Advisors | 649.51 k | $13.88 bn |
Vanguard | 574.28 k | $12.27 bn |
Manufacturers Life Insurance Company, The | 416.92 k | $8.91 bn |
Cresset Asset Management | 374.70 k | $8.01 bn |
STT State Street | 341.26 k | $7.29 bn |
Geode Capital Management | 280.12 k | $5.99 bn |
LSV Asset Management | 143.82 k | $3.07 mm |
NTRS Northern Trust | 128.73 k | $2.75 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Mar 24 | Charles N Reeves | Common Stock | Buy | Acquire P | No | No | 22.4866 | 4,447 | 100.00 k | 38,345.587 |
15 Feb 24 | Charles N Reeves | Common Stock | Grant | Acquire A | No | No | 0 | 6,536 | 0.00 | 33,898.587 |
15 Feb 24 | Len D Devaisher | Common Stock | Grant | Acquire A | No | No | 0 | 4,085 | 0.00 | 27,429.221 |
15 Feb 24 | Len D Devaisher | Common Stock | Payment of exercise | Dispose F | No | No | 24.48 | 1,592 | 38.97 k | 23,344.221 |
15 Feb 24 | Len D Devaisher | Common Stock | Grant | Acquire A | No | No | 0 | 4,502.441 | 0.00 | 24,936.662 |
15 Feb 24 | Len D Devaisher | Common Stock | Payment of exercise | Dispose F | No | No | 24.48 | 847 | 20.73 k | 20,434.221 |
15 Feb 24 | John J Ruppel | Common Stock | Grant | Acquire A | No | No | 0 | 1,002 | 0.00 | 2,742.697 |
15 Feb 24 | John J Ruppel | Common Stock | Payment of exercise | Dispose F | No | No | 24.48 | 220 | 5.39 k | 1,740.697 |
15 Feb 24 | Gary L Sims | Common Stock | Grant | Acquire A | No | No | 0 | 2,288 | 0.00 | 13,327.186 |
15 Feb 24 | Gary L Sims | Common Stock | Payment of exercise | Dispose F | No | No | 24.48 | 849 | 20.78 k | 11,039.186 |
News
Keefe, Bruyette & Woods Maintains Market Perform on MidWestOne Financial Gr, Lowers Price Target to $27
5 Apr 24
Piper Sandler Assumes MidWestOne Financial Gr at Neutral, Announces Price Target of $24
13 Mar 24
MidWestOne Financial Gr: Q4 Earnings Insights
25 Jan 24
MidWestOne Financial Gr Q4 EPS $0.17 Misses $0.49 Estimate, Sales $32.56M Miss $34.02M Estimate
25 Jan 24
Earnings Scheduled For January 25, 2024
25 Jan 24
Press releases
MidWestOne Financial Group, Inc. Announces First Quarter 2024 Earnings Conference Call
12 Apr 24
MidWestOne Financial Group, Inc. Completes Acquisition of Denver Bankshares, Inc.
2 Feb 24
MidWestOne Financial Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year of 2023
25 Jan 24