Midwestone Financial Group Inc (IOWA) MOFG Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Mar 11, 2024 (filed on Mar 11, 2024)

Insider Name:

Reeves Charles N

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

4,447

Price:

$22.49
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Sims Gary L

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

2,288

Price:

--
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Sims Gary L

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-849

Price:

$24.48
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Sims Gary L

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

2,401

Price:

--
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Sims Gary L

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-584

Price:

$24.48
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Funk Charles N

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-2,052

Price:

$24.48
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Funk Charles N

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

5,805

Price:

--
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Funk Charles N

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-937

Price:

$24.48
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Ruppel John J

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

1,002

Price:

--
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Ruppel John J

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-220

Price:

$24.48

Filings by filing date

Mar 11, 2024 (filed on Mar 11, 2024)

Insider Name:

Reeves Charles N

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

4,447

Price:

$22.49
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Sims Gary L

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

2,288

Price:

--
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Sims Gary L

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-849

Price:

$24.48
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Sims Gary L

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

2,401

Price:

--
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Sims Gary L

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-584

Price:

$24.48
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Funk Charles N

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-2,052

Price:

$24.48
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Funk Charles N

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

5,805

Price:

--
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Funk Charles N

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-937

Price:

$24.48
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Ruppel John J

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

1,002

Price:

--
Feb 15, 2024 (filed on Feb 20, 2024)

Insider Name:

Ruppel John J

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-220

Price:

$24.48

News

Biz Brief

Sector: Financials	Industry: Banks

See Regulatory Filings on SEC

Company Contact

Address:	102 South Clinton St. IOWA CITY IA 52240
Tel:	N/A
Website:	https://www.midwestonefinancial.com
IR:	See website

Key People

Len D. Devaisher President, Chief Operating Officer	Charles N. Reeves Chief Executive Officer, Director	Barry S. Ray Chief Financial Officer, Senior Executive Vice President
Gary L. Sims Senior Vice President and Chief Credit Officer	David E. Lindstrom Executive Vice President - Retail Banking of the Bank

Business Overview

MidWestOne Financial Group, Inc. (MidWestOne) is a financial holding company. MidWestOne is the parent company of MidWestOne Bank (the Bank), which operates banking offices in Iowa, Minnesota, Wisconsin, Florida, and Colorado. MidWestOne provides electronic delivery of financial services through its Website, MidWestOne.bank. The Bank is focused on delivering relationship-based business and personal banking products and services. The Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans. The Bank also provides deposit products, including demand and interest checking accounts, savings accounts, money market accounts, and time deposits. Complementary to its loan and deposit products, the Bank also provides products and services, including treasury management, Zelle, online and mobile banking, credit and debit cards, ATMs, and safe deposit boxes. The Bank also has a trust department and an investment services department.

Financial Overview

For the fiscal year ended 31 December 2023, Midwestone Financial Group Inc (IOWA) interest income increased 27% to $249.6M. Net interest income after loan loss provision decreased 15% to $138.3M. Net income decreased 66% to $20.9M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 16% to 2.46%, Net Interest Spread, Total - % decrease of 26% to 2.06%.

Employees:	732 as of Dec 31, 2023

Reporting Currency:	U.S. Dollars
Enterprise value:	$356.46M as of Dec 31, 2023
Annual revenue (TTM):	$249.61M as of Dec 31, 2023
EBITDA (TTM):	$57.46M as of Dec 31, 2023
Net annual income (TTM):	$20.86M as of Dec 31, 2023
Free cash flow (TTM):	$43.30M as of Dec 31, 2023
Net Debt Last Fiscal Year:	$45.86M as of Dec 31, 2023
Shares outstanding:	15,750,471 as of Mar 6, 2024
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization