$0.56 EPS Expected for MainSource Financial Group Inc. (MSFG) This Quarter

Brokerages expect that MainSource Financial Group Inc. (NASDAQ:MSFG) will post $0.56 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for MainSource Financial Group’s earnings. MainSource Financial Group reported earnings of $0.50 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The firm is scheduled to report its next earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that MainSource Financial Group will report full-year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.12. For the next fiscal year, analysts forecast that the business will post earnings of $2.33 per share, with EPS estimates ranging from $2.31 to $2.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover MainSource Financial Group.

MainSource Financial Group (NASDAQ:MSFG) last released 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). MainSource Financial Group had a net margin of 21.86% and a return on equity of 10.65%. The company had revenue of $50.43 million during the quarter, compared to analyst estimates of $54.10 million.

Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 target price on shares of MainSource Financial Group in a research note on Wednesday, November 1st.

MainSource Financial Group (MSFG) traded up $0.46 during midday trading on Friday, reaching $38.40. 86,700 shares of the company’s stock traded hands, compared to its average volume of 98,000. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. MainSource Financial Group has a one year low of $30.82 and a one year high of $40.67. The firm has a market capitalization of $970.60, a P/E ratio of 18.42 and a beta of 0.92.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be paid a dividend of $0.18 per share. This is an increase from MainSource Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, December 4th. This represents a $0.72 annualized dividend and a dividend yield of 1.88%. MainSource Financial Group’s dividend payout ratio is 18.54%.

Several institutional investors and hedge funds have recently made changes to their positions in MSFG. Macquarie Group Ltd. purchased a new position in MainSource Financial Group during the second quarter worth about $13,785,000. Magnetar Financial LLC purchased a new position in MainSource Financial Group during the third quarter worth about $14,000,000. ARP Americas LLC purchased a new position in MainSource Financial Group during the third quarter worth about $4,308,000. JPMorgan Chase & Co. raised its holdings in MainSource Financial Group by 19.8% during the third quarter. JPMorgan Chase & Co. now owns 526,015 shares of the financial services provider’s stock worth $18,863,000 after purchasing an additional 87,023 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in MainSource Financial Group by 89.2% during the second quarter. First Trust Advisors LP now owns 119,712 shares of the financial services provider’s stock worth $4,012,000 after purchasing an additional 56,453 shares in the last quarter. Institutional investors and hedge funds own 58.26% of the company’s stock.

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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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