Midwestone Financial Group Inc (IOWA) reports results for the quarter ended December 31 - Earnings Summary

• Midwestone Financial Group Inc (IOWA) MOFG.OQ reported quarterly adjusted earnings of 78 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of five analysts for the quarter was for earnings of 72 cents per share. Wall Street expected results to range from 70 cents to 75 cents per share.

• Revenue rose 50.3% to $48.94 million from a year ago; analysts expected $46.09 million.

• Midwestone Financial Group Inc (IOWA)'s reported EPS for the quarter was 78 cents​.

• The company reported quarterly net income of $16.33 million.

• Midwestone Financial Group Inc (IOWA) shares had risen by 3.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Midwestone Financial Group Inc (IOWA) is $36.00

This summary was machine generated from LSEG data January 23 at 11:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)