MainSource Financial Group, Inc. (MSFG) Downgraded to Sell at BidaskClub
BidaskClub downgraded shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) from a hold rating to a sell rating in a research report report published on Tuesday.
Separately, Zacks Investment Research raised MainSource Financial Group from a hold rating to a buy rating and set a $39.00 price target for the company in a report on Wednesday, May 3rd.
MainSource Financial Group (NASDAQ MSFG) traded up 2.03% on Tuesday, hitting $35.62. The company had a trading volume of 316,740 shares. MainSource Financial Group has a one year low of $21.82 and a one year high of $37.20. The stock has a 50 day moving average of $33.67 and a 200-day moving average of $33.30. The stock has a market capitalization of $910.98 million, a PE ratio of 19.40 and a beta of 0.91.
MainSource Financial Group (NASDAQ:MSFG) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. MainSource Financial Group had a return on equity of 10.96% and a net margin of 22.93%. The business had revenue of $49.04 million during the quarter, compared to the consensus estimate of $46.40 million. Equities analysts anticipate that MainSource Financial Group will post $2.12 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “MainSource Financial Group, Inc. (MSFG) Downgraded to Sell at BidaskClub” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.watchlistnews.com/mainsource-financial-group-inc-msfg-downgraded-to-sell-at-bidaskclub/1461842.html.
A number of large investors have recently bought and sold shares of MSFG. Bank of New York Mellon Corp raised its stake in MainSource Financial Group by 65.9% in the first quarter. Bank of New York Mellon Corp now owns 231,966 shares of the financial services provider’s stock valued at $7,639,000 after buying an additional 92,105 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in MainSource Financial Group during the first quarter valued at about $2,885,000. James Investment Research Inc. raised its stake in MainSource Financial Group by 31.8% in the first quarter. James Investment Research Inc. now owns 276,585 shares of the financial services provider’s stock valued at $9,108,000 after buying an additional 66,690 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in MainSource Financial Group by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,963,972 shares of the financial services provider’s stock valued at $64,674,000 after buying an additional 60,419 shares in the last quarter. Finally, Hilton Capital Management LLC raised its stake in MainSource Financial Group by 14.5% in the first quarter. Hilton Capital Management LLC now owns 452,714 shares of the financial services provider’s stock valued at $14,908,000 after buying an additional 57,439 shares in the last quarter. 54.82% of the stock is owned by institutional investors.
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.
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 Analyst Ratings Network's FREE daily email newsletter.