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MainSource Financial Group (NASDAQ:MSFG) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $19.00 price objective on the stock. Raymond James’ target price would suggest a potential upside of 15.22% from the stock’s previous close.

MainSource Financial Group (NASDAQ:MSFG) traded down 1.09% on Friday, hitting $16.31. 62,754 shares of the company’s stock traded hands. MainSource Financial Group has a one year low of $12.02 and a one year high of $18.44. The stock has a 50-day moving average of $16.83 and a 200-day moving average of $15.71. The company has a market cap of $332.8 million and a P/E ratio of 13.31.

MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. On average, analysts predict that MainSource Financial Group will post $1.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, February 28th. This is a boost from MainSource Financial Group’s previous quarterly dividend of $0.08.

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 Monday, January 20th. Separately, analysts at Zacks downgraded shares of MainSource Financial Group from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 15th. They now have a $19.50 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. MainSource Financial Group presently has a consensus rating of “Buy” and an average price target of $19.38.

MainSource Financial Group, Inc (NASDAQ:MSFG) is a bank holding company.

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