MainSource Financial Group, Inc. (NASDAQ:MSFG) posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01), Bloomberg Earnings reports. The business had revenue of $50.43 million for the quarter, compared to analysts’ expectations of $54.10 million. MainSource Financial Group had a return on equity of 10.65% and a net margin of 21.86%.
Shares of MainSource Financial Group (MSFG) remained flat at $$34.83 on Friday. The company had a trading volume of 157,600 shares, compared to its average volume of 100,062. MainSource Financial Group has a one year low of $27.19 and a one year high of $38.93. The firm has a market capitalization of $891.04, a price-to-earnings ratio of 16.91 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.20.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be issued a $0.18 dividend. The ex-dividend date is Monday, December 4th. This is a boost from MainSource Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.07%. MainSource Financial Group’s dividend payout ratio is presently 27.53%.
MSFG has been the subject of several research analyst reports. Stephens lowered MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 26th. BidaskClub lowered MainSource Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods downgraded MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 target price on the stock. in a research note on Friday, July 28th.
MainSource Financial Group Company Profile
MainSource Financial Group, Inc is a bank holding company. The Company operates a banking subsidiary, MainSource Bank (the Bank), an Indiana state-chartered bank. Through the Bank, the Company offers a range of financial services, including accepting time and transaction deposits; making consumer, commercial, agribusiness and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, such as letters of credit and repurchase agreements.
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