MainSource Financial Group (MSFG) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

MainSource Financial Group (NASDAQ:MSFG) released its quarterly earnings results on Friday. The financial services provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $51.48 million for the quarter. MainSource Financial Group had a net margin of 21.86% and a return on equity of 10.65%.

MainSource Financial Group (NASDAQ MSFG) traded down $0.04 during mid-day trading on Friday, reaching $39.31. 196,505 shares of the company traded hands, compared to its average volume of 96,652. MainSource Financial Group has a 52 week low of $30.82 and a 52 week high of $40.84. The firm has a market capitalization of $1,000.00, a price-to-earnings ratio of 22.08 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.20.

Several research firms recently commented on MSFG. Zacks Investment Research upgraded shares of MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research report on Saturday, December 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $44.50 price target on shares of MainSource Financial Group in a research report on Friday, December 22nd. Finally, BidaskClub lowered shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd.

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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.

Earnings History for MainSource Financial Group (NASDAQ:MSFG)

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