Somewhat Favorable Press Coverage Somewhat Unlikely to Impact MainSource Financial Group (MSFG) Stock Price
Headlines about MainSource Financial Group (NASDAQ:MSFG) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MainSource Financial Group earned a news impact score of 0.20 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.5280389854523 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- MainSource Financial Group (MSFG) Declares $0.18 Quarterly Dividend; 2% Yield (streetinsider.com)
- MainSource Financial Group – NASDAQ, MSFG – Fourth Quarter Dividend Declared (finance.yahoo.com)
- MainSource Financial Group, Inc. (MSFG) to Issue Dividend Increase – $0.18 Per Share (americanbankingnews.com)
- Zacks: MainSource Financial Group, Inc. (MSFG) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several analysts have weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 target price on shares of MainSource Financial Group in a research note on Wednesday, November 1st. BidaskClub raised MainSource Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Stephens downgraded MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th.
Shares of MainSource Financial Group (NASDAQ MSFG) remained flat at $$34.83 during mid-day trading on Friday. 157,600 shares of the company’s stock traded hands, compared to its average volume of 100,062. MainSource Financial Group has a 1 year low of $27.19 and a 1 year high of $38.93. The company has a market capitalization of $891.04, a price-to-earnings ratio of 16.91 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.20.
MainSource Financial Group (NASDAQ:MSFG) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $50.43 million for the quarter, compared to analyst estimates of $54.10 million. equities research analysts predict that MainSource Financial Group will post 2.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, December 4th. This is a boost from MainSource Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.07%. MainSource Financial Group’s dividend payout ratio (DPR) is 27.53%.
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.
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