Keefe, Bruyette & Woods Reiterates Hold Rating for MainSource Financial Group (MSFG)

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.

MainSource Financial Group (NASDAQ:MSFG) last posted 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 business had revenue of $50.43 million during the quarter, compared to analyst estimates of $54.10 million. equities analysts forecast that MainSource Financial Group will post 2.11 earnings per share for the current year.

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.

WARNING: This piece was posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.com-unik.info/2017/12/24/keefe-bruyette-woods-reiterates-hold-rating-for-mainsource-financial-group-msfg.html.

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.

Receive News & Ratings for MainSource Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainSource Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit