MainSource Financial Group (MSFG) Receiving Somewhat Positive News Coverage, Analysis Finds

Press coverage about MainSource Financial Group (NASDAQ:MSFG) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MainSource Financial Group earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.0672517628629 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of MainSource Financial Group (NASDAQ MSFG) opened at $39.94 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.93 and a quick ratio of 0.92. MainSource Financial Group has a 12-month low of $30.82 and a 12-month high of $40.84. The firm has a market capitalization of $1,021.91, a P/E ratio of 20.59 and a beta of 0.92.

MainSource Financial Group (NASDAQ:MSFG) last announced its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.02). MainSource Financial Group had a net margin of 23.33% and a return on equity of 10.81%. The company had revenue of $51.48 million during the quarter. equities research analysts forecast that MainSource Financial Group will post 2.62 EPS for the current fiscal year.

Several brokerages have weighed in on MSFG. Zacks Investment Research upgraded MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Saturday, December 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $44.50 price objective on shares of MainSource Financial Group in a research report on Friday, December 22nd. Finally, BidaskClub downgraded MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd.

In related news, EVP Chris M. Harrison sold 4,106 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $39.71, for a total transaction of $163,049.26. Following the completion of the transaction, the executive vice president now owns 10,605 shares in the company, valued at $421,124.55. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Vince Berta bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average price of $38.20 per share, with a total value of $38,200.00. The disclosure for this purchase can be found here. 4.79% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for MainSource Financial Group (NASDAQ:MSFG)

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