Zacks: MainSource Financial Group Inc. (MSFG) Receives Consensus Rating of “Hold” from Analysts

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

Analysts have set a one year consensus price target of $36.00 for the company and are forecasting 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 5 out of 265 based on the ratings given to its competitors.

MSFG has been the subject of several research analyst reports. Zacks Investment Research raised shares of MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a research note on Saturday, December 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $44.50 price target on shares of MainSource Financial Group in a research note on Friday, December 22nd. Finally, BidaskClub downgraded shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd.

MainSource Financial Group (NASDAQ:MSFG) traded up $0.37 during trading on Thursday, hitting $38.99. 84,000 shares of the stock traded hands, compared to its average volume of 106,000. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. MainSource Financial Group has a 1 year low of $30.82 and a 1 year high of $40.67. The company has a market capitalization of $987.99, a P/E ratio of 21.90 and a beta of 0.93.

MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share 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 company had revenue of $50.43 million for the quarter, compared to the consensus estimate of $54.10 million. research analysts expect that MainSource Financial Group will post 2.09 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its stake in MainSource Financial Group by 6.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 129,547 shares of the financial services provider’s stock worth $4,704,000 after buying an additional 7,294 shares in the last quarter. California Public Employees Retirement System raised 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 buying an additional 2,478 shares in the last quarter. Virtu Financial LLC bought a new position in MainSource Financial Group in the third quarter worth approximately $386,000. Magnetar Financial LLC bought a new position in MainSource Financial Group in the third quarter worth approximately $14,000,000. Finally, Stifel Financial Corp bought a new position in MainSource Financial Group in the third quarter worth approximately $468,000. 57.99% of the stock is owned by institutional investors.

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MainSource Financial Group Company Profile

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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