Equities analysts forecast that MainSource Financial Group Inc. (NASDAQ:MSFG) will post $0.56 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for MainSource Financial Group’s earnings. MainSource Financial Group reported earnings of $0.50 per share in the same quarter last year, which suggests a positive year over year growth rate of 12%. The company is expected to issue its next quarterly earnings results on Wednesday, January 24th.

On average, analysts expect that MainSource Financial Group will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.09 to $2.12. For the next fiscal year, analysts expect that the business will report earnings of $2.33 per share, with EPS estimates ranging from $2.31 to $2.35. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow MainSource Financial Group.

MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.01). MainSource Financial Group had a net margin of 21.86% and a return on equity of 10.65%. The business had revenue of $50.43 million during the quarter, compared to analysts’ expectations of $54.10 million.

MSFG has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price objective on shares of MainSource Financial Group in a research note on Wednesday, November 1st. BidaskClub lowered shares of MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.

A number of institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System lifted its stake in MainSource Financial Group by 5.8% in the third quarter. California Public Employees Retirement System now owns 45,331 shares of the financial services provider’s stock worth $1,626,000 after acquiring an additional 2,478 shares during the last quarter. Virtu Financial LLC purchased a new position in MainSource Financial Group in the third quarter worth approximately $386,000. Magnetar Financial LLC purchased a new position in MainSource Financial Group in the third quarter worth approximately $14,000,000. Stifel Financial Corp purchased a new position in MainSource Financial Group in the third quarter worth approximately $468,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in MainSource Financial Group by 10.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 122,253 shares of the financial services provider’s stock worth $4,384,000 after acquiring an additional 11,364 shares during the last quarter. Institutional investors own 58.26% of the company’s stock.

MainSource Financial Group (NASDAQ:MSFG) traded down $0.48 during midday trading on Friday, hitting $38.33. 90,155 shares of the stock traded hands, compared to its average volume of 77,574. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.20. MainSource Financial Group has a twelve month low of $30.82 and a twelve month high of $40.67. The stock has a market capitalization of $980.56, a price-to-earnings ratio of 18.61 and a beta of 0.92.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be paid a $0.18 dividend. The ex-dividend date is Monday, December 4th. This represents a $0.72 dividend on an annualized basis and a yield of 1.88%. This is an increase from MainSource Financial Group’s previous quarterly dividend of $0.17. MainSource Financial Group’s payout ratio is currently 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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