MOFG Similar Chart Price Prediction
The price of MOFG is predicted to go up 0.56%, based on the high correlation periods with CDP. The similarity of these two price pattern on the periods is 96.63%.
MOFG
CDP
Up: 0.56%Similarity: 96.63%
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MOFG Analyst's Forecast
Nathan Race
Piper Sandler
Hold
2024-10-28
Price Target
$33 → $32
Upside
+7.77%
Piper Sandler lowered the firm's price target on MidWestOne to $31.50 from $33 and keeps a Neutral rating on the shares. The firm notes that apart from some mixed credit quality metrics, MidWestOne's Q3 results were solid given 16% PPNR upside via greater net interest margin expansion, stronger core fee income, and well-managed operating expenses. While MidWestOne's outlook for meaningful profitability remains intact following its recently completed common equity raise and related balance sheet re-positioning, Piper believes this is largely reflected in shares' current valuation.
