MainSource Financial Group (NASDAQ:MSFG)‘s stock had its “hold” rating reaffirmed by Keefe, Bruyette & Woods in a note issued to investors on Friday. They presently have a $44.50 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 18.29% from the stock’s current price.
Separately, BidaskClub downgraded shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday.
Shares of MainSource Financial Group (MSFG) opened at $37.62 on Friday. MainSource Financial Group has a 52-week low of $30.82 and a 52-week high of $40.67. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market cap of $975.20, a price-to-earnings ratio of 21.13 and a beta of 0.92.
A number of hedge funds and other institutional investors have recently bought and sold shares of MSFG. BNP Paribas Arbitrage SA boosted its holdings in MainSource Financial Group by 1,411.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,204 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,992 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in MainSource Financial Group during the 2nd quarter worth $147,000. SG Americas Securities LLC purchased a new position in MainSource Financial Group during the 2nd quarter worth $156,000. River Oaks Capital LLC purchased a new position in MainSource Financial Group during the 2nd quarter worth $166,000. Finally, PNC Financial Services Group Inc. purchased a new position in MainSource Financial Group during the 2nd quarter worth $168,000. 57.99% of the stock is owned by institutional investors and hedge funds.
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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.
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