MainSource Financial Group (MSFG) Getting Somewhat Positive Press Coverage, Report Shows

News stories about MainSource Financial Group (NASDAQ:MSFG) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MainSource Financial Group earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.5237631929418 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 price objective on shares of MainSource Financial Group in a report on Wednesday, November 1st.

Shares of MainSource Financial Group (NASDAQ MSFG) opened at $38.58 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $986.95, a price-to-earnings ratio of 18.73 and a beta of 0.92. MainSource Financial Group has a 1-year low of $30.82 and a 1-year high of $40.67.

MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.01). The firm had revenue of $50.43 million during the quarter, compared to analysts’ expectations of $54.10 million. MainSource Financial Group had a net margin of 21.86% and a return on equity of 10.65%. research analysts forecast that MainSource Financial Group will post 2.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Monday, December 4th. This is an increase from MainSource Financial Group’s previous quarterly dividend of $0.17. MainSource Financial Group’s payout ratio is currently 18.54%.

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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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