Midwestone Financial Group Inc (IOWA) reports results for the quarter ended June 30 - Earnings Summary

• Midwestone Financial Group Inc (IOWA) MOFG.OQ reported quarterly adjusted earnings of 48 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.00. The mean expectation of five analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 75 cents to 80 cents per share.

• Revenue rose 37.5% to $49.98 million from a year ago; analysts expected $49.60 million.

• Midwestone Financial Group Inc (IOWA)'s reported EPS for the quarter was 48 cents​.

• The company reported quarterly net income of $9.98 million.

• Midwestone Financial Group Inc (IOWA) shares had risen by 3.8% this quarter and gained 2.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 $35.00, about 14.7% above its last closing price of $29.86

This summary was machine generated from LSEG data July 24 at 10:01 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)