MidWestOne Financial Group Inc. (MOFG) Drops 6.77% on January 04

Equities Staff |

MidWestOne Financial Group Inc. (MOFG) was one of the Russell 2000's biggest losers for Monday January 04 as the stock slid 6.77% to $28.35, a loss of $-2.06 per share. Starting at an opening price of $30.04 a share, the stock traded between $28.35 and $30.04 over the course of the trading day. Volume was 19,053 shares over 124 trades, against an average daily volume of 13,171 shares and a total float of 11.41 million.

The losses send MidWestOne Financial Group Inc. down to a market cap of $323.37 million. In the last year, MidWestOne Financial Group Inc. has traded between $34.04 and $27.74, and its 50-day SMA is currently $30.76 and 200-day SMA is $30.23.

The stock has a P/E Ratio of 14.3.

MidWestOne Financial Group Inc is a bank holding company. The Company through its subsidiary provides commercial and retail lending services to individuals, businesses, governmental units and institutional customers in central and east-central Iowa.

MidWestOne Financial Group Inc. is based out of Iowa City, IA and has some 374 employees. Its CEO is Charles N. Funk.

For a complete fundamental analysis analysis of MidWestOne Financial Group Inc., check out Equities.com’s Stock Valuation Analysis report for MOFG. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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