Head to Head Review: MainSource Financial Group (MSFG) & The Competition
MainSource Financial Group (NASDAQ: MSFG) is one of 328 publicly-traded companies in the “Banks” industry, but how does it compare to its peers? We will compare MainSource Financial Group to related businesses based on the strength of its institutional ownership, valuation, profitability, earnings, analyst recommendations, dividends and risk.
Insider and Institutional Ownership
58.2% of MainSource Financial Group shares are held by institutional investors. Comparatively, 52.6% of shares of all “Banks” companies are held by institutional investors. 4.8% of MainSource Financial Group shares are held by company insiders. Comparatively, 10.4% of shares of all “Banks” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
This table compares MainSource Financial Group and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|MainSource Financial Group||22.93%||10.61%||1.20%|
|MainSource Financial Group Competitors||18.87%||8.81%||0.93%|
MainSource Financial Group pays an annual dividend of $0.68 per share and has a dividend yield of 1.9%. MainSource Financial Group pays out 37.2% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 2.0% and pay out 36.9% of their earnings in the form of a dividend. MainSource Financial Group lags its peers as a dividend stock, given its lower dividend yield and higher payout ratio.
Volatility & Risk
MainSource Financial Group has a beta of 0.94, indicating that its share price is 6% less volatile than the S&P 500. Comparatively, MainSource Financial Group’s peers have a beta of 0.78, indicating that their average share price is 22% less volatile than the S&P 500.
This is a summary of recent ratings and price targets for MainSource Financial Group and its peers, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|MainSource Financial Group||0||2||0||0||2.00|
|MainSource Financial Group Competitors||1990||7924||8105||309||2.37|
MainSource Financial Group currently has a consensus price target of $39.00, suggesting a potential upside of 6.64%. As a group, “Banks” companies have a potential downside of 8.28%. Given MainSource Financial Group’s higher possible upside, research analysts plainly believe MainSource Financial Group is more favorable than its peers.
Valuation & Earnings
This table compares MainSource Financial Group and its peers gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|MainSource Financial Group||$183.54 million||N/A||19.98|
|MainSource Financial Group Competitors||N/A||N/A||18.82|
MainSource Financial Group is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
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. The Bank offers various loans, such as commercial loans, commercial real estate loans, residential loans and consumer loans. Commercial loans include secured and unsecured loans, including real estate loans, to individuals and companies and to governmental units within the market area of the Bank. It offers various deposits, which include demand, interest bearing demand, savings/money markets and certificates of deposit.
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