MainSource Financial Group Downgraded by Zacks to Neutral (MSFG)
MainSource Financial Group (NASDAQ:MSFG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, AmericanBankingNews.com reports. They currently have a $19.50 price target on the stock. Zacks‘ price objective would indicate a potential upside of 18.11% from the company’s current price.
MSFG has been the subject of a number of other recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of MainSource Financial Group in a research note to investors on Friday, October 25th. They now have a $20.00 price target on the stock, up previously from $17.50. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of MainSource Financial Group from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, October 24th. They now have a $19.00 price target on the stock, up previously from $16.00. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.25.
MainSource Financial Group (NASDAQ:MSFG) traded up 0.91% during mid-day trading on Wednesday, hitting $16.66. 5,522 shares of the company’s stock traded hands. MainSource Financial Group has a 1-year low of $12.02 and a 1-year high of $18.44. The stock has a 50-day moving average of $17.08 and a 200-day moving average of $15.53. The company has a market cap of $339.9 million and a price-to-earnings ratio of 13.33.
MainSource Financial Group (NASDAQ:MSFG) last announced its earnings results on Wednesday, October 23rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. During the same quarter in the previous year, the company posted $0.32 earnings per share. Analysts expect that MainSource Financial Group will post $1.25 EPS for the current fiscal year.
MainSource Financial Group, Inc (NASDAQ:MSFG) is a bank holding company.
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