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

Brokerages have set a 12 month consensus price objective of $36.00 for the company and are predicting 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 163 out of 265 based on the ratings given to its competitors.

A number of brokerages recently commented on MSFG. BidaskClub downgraded MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 price objective on shares of MainSource Financial Group in a research note on Wednesday, November 1st.

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in shares of MainSource Financial Group by 1,411.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,204 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,992 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of MainSource Financial Group in the second quarter worth $147,000. SG Americas Securities LLC bought a new position in shares of MainSource Financial Group in the second quarter worth $156,000. River Oaks Capital LLC bought a new position in shares of MainSource Financial Group in the second quarter worth $166,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of MainSource Financial Group in the second quarter worth $168,000. 58.26% of the stock is owned by institutional investors.

MainSource Financial Group (NASDAQ:MSFG) opened at $38.81 on Friday. The company has a market capitalization of $990.81, a price-to-earnings ratio of 18.80 and a beta of 0.92. 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 52 week low of $30.82 and a 52 week high of $40.67.

MainSource Financial Group (NASDAQ:MSFG) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). The company had revenue of $50.43 million for the quarter, compared to the consensus estimate of $54.10 million. MainSource Financial Group had a return on equity of 10.65% and a net margin of 21.86%. analysts anticipate that MainSource Financial Group will post 2.11 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be paid a $0.18 dividend. This is a boost 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 1.86%. MainSource Financial Group’s dividend payout ratio is presently 18.54%.

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About MainSource Financial Group

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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