Is MidWestOne Financial Group, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for MidWestOne Financial Group, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its current metrics, with a Price to Book Value of 1.08, an EV to Capital Employed ratio of 1.11, and a Dividend Yield of 1.86%. In comparison to peers, Five Star Bancorp has a higher P/E ratio of 13.58, while Shore Bancshares, Inc. is rated attractive with an EV to EBITDA of 10.56.
Despite the recent stock performance, where MidWestOne outperformed the S&P 500 with a 1-year return of 35.27% compared to the index's 16.90%, the underlying valuation metrics suggest that the stock may not be a sustainable investment at its current price level.