Brokerages Expect MainSource Financial Group Inc. (MSFG) to Announce $0.56 Earnings Per Share

MainSource Financial Group Inc. (NASDAQ:MSFG) has been assigned an average broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating.

Brokerages have set a 12 month consensus target price of $36.00 for the company and are forecasting that the company will post $0.56 EPS for the current quarter, according to Zacks. Zacks has also assigned MainSource Financial Group an industry rank of 3 out of 265 based on the ratings given to related companies.

MSFG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $40.00 target price on shares of MainSource Financial Group in a research note on Wednesday, November 1st. BidaskClub lowered shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised shares of MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research note on Saturday, December 30th.

MainSource Financial Group (NASDAQ MSFG) traded up $0.14 during mid-day trading on Friday, hitting $38.97. 61,731 shares of the stock traded hands, compared to its average volume of 92,874. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.92 and a current ratio of 0.93. MainSource Financial Group has a twelve month low of $30.82 and a twelve month high of $40.67. The stock has a market cap of $996.93, a price-to-earnings ratio of 21.89 and a beta of 0.93.

MainSource Financial Group (NASDAQ:MSFG) last posted its earnings results 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 return on equity of 10.65% and a net margin of 21.86%. The firm had revenue of $50.43 million for the quarter, compared to analysts’ expectations of $54.10 million. research analysts expect that MainSource Financial Group will post 2.09 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, December 4th. This is a positive change from MainSource Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 1.85%. MainSource Financial Group’s dividend payout ratio (DPR) is currently 18.54%.

A number of institutional investors have recently modified their holdings of MSFG. BNP Paribas Arbitrage SA lifted its stake in MainSource Financial Group by 1,411.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,204 shares of the financial services provider’s stock valued at $107,000 after buying an additional 2,992 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in MainSource Financial Group in the 2nd quarter valued at about $147,000. SG Americas Securities LLC purchased a new position in MainSource Financial Group in the 2nd quarter valued at about $156,000. River Oaks Capital LLC purchased a new position in MainSource Financial Group in the 2nd quarter valued at about $166,000. Finally, PNC Financial Services Group Inc. purchased a new position in MainSource Financial Group in the 2nd quarter valued at about $168,000. 57.99% of the stock is currently owned by hedge funds and other institutional investors.

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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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