MainSource Financial Group Inc. (NASDAQ:MSFG) is set to announce its earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.
MainSource Financial Group (NASDAQ:MSFG) last issued its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. MainSource Financial Group had a return on equity of 9.32% and a net margin of 19.76%. On average, analysts expect MainSource Financial Group to post $1.8 EPS for the current fiscal year and $1.98 EPS for the next fiscal year.
MainSource Financial Group Inc. (NASDAQ:MSFG) opened at 25.54 on Wednesday. The firm’s 50-day moving average price is $24.77 and its 200-day moving average price is $22.72. MainSource Financial Group Inc. has a 12 month low of $19.46 and a 12 month high of $26.03. The stock has a market cap of $613.11 million, a P/E ratio of 17.16 and a beta of 0.92.
In other news, Director William G. Barron bought 3,130 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were acquired at an average price of $23.45 per share, for a total transaction of $73,398.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.49% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Highbridge Capital Management LLC purchased a new stake in MainSource Financial Group during the second quarter worth approximately $239,000. Panagora Asset Management Inc. boosted its stake in MainSource Financial Group by 8.3% in the second quarter. Panagora Asset Management Inc. now owns 181,937 shares of the financial services provider’s stock worth $4,012,000 after buying an additional 13,905 shares during the period. Bridgeway Capital Management Inc. boosted its stake in MainSource Financial Group by 0.4% in the second quarter. Bridgeway Capital Management Inc. now owns 109,625 shares of the financial services provider’s stock worth $2,417,000 after buying an additional 475 shares during the period. Allianz Asset Management AG boosted its stake in MainSource Financial Group by 1.5% in the second quarter. Allianz Asset Management AG now owns 117,165 shares of the financial services provider’s stock worth $2,584,000 after buying an additional 1,729 shares during the period. Finally, State Street Corp boosted its stake in MainSource Financial Group by 1.8% in the second quarter. State Street Corp now owns 402,868 shares of the financial services provider’s stock worth $8,880,000 after buying an additional 7,255 shares during the period. Institutional investors and hedge funds own 55.18% of the company’s stock.
A number of analysts have issued reports on MSFG shares. Zacks Investment Research downgraded MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Keefe, Bruyette & Woods lifted their price target on MainSource Financial Group from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 26th.
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.
Receive News & Ratings for MainSource Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainSource Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.