Keefe, Bruyette & Woods Upgrades MainSource Financial Group to “Outperform” (MSFG)
MainSource Financial Group (NASDAQ:MSFG) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
Separately, analysts at DA Davidson initiated coverage on shares of MainSource Financial Group in a research note to investors on Wednesday, September 25th. They set a “buy” rating and a $17.50 price target on the stock.
Shares of MainSource Financial Group (NASDAQ:MSFG) traded up 7.02% during mid-day trading on Thursday, hitting $16.46. The stock had a trading volume of 83,081 shares. MainSource Financial Group has a 52-week low of $11.13 and a 52-week high of $15.70. The stock’s 50-day moving average is $14.57 and its 200-day moving average is $14.05. The company has a market cap of $335.8 million and a price-to-earnings ratio of 12.92.
MainSource Financial Group (NASDAQ:MSFG) last announced its earnings results on Wednesday, October 23rd. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.03. During the same quarter last year, the company posted $0.32 earnings per share.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, December 4th.
MainSource Financial Group, Inc (NASDAQ:MSFG) is a bank holding company.
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