Media stories about MainSource Financial Group (NASDAQ:MSFG) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of 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 impact score of 0.10 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.0672517628629 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
MainSource Financial Group (MSFG) opened at $39.94 on Tuesday. MainSource Financial Group has a twelve month low of $30.82 and a twelve month high of $40.84. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $1,021.91, a PE ratio of 20.59 and a beta of 0.92.
MainSource Financial Group (NASDAQ:MSFG) last issued its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.02). MainSource Financial Group had a return on equity of 10.81% and a net margin of 23.33%. The business had revenue of $51.48 million for the quarter. research analysts forecast that MainSource Financial Group will post 2.62 EPS for the current fiscal year.
Several brokerages have recently 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 target on the stock in a research report on Saturday, December 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $44.50 price target on shares of MainSource Financial Group in a research report on Friday, December 22nd. Finally, BidaskClub cut MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd.
In other news, Director Vince Berta bought 1,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $38.20 per share, with a total value of $38,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $163,049.26. Following the completion of the sale, the executive vice president now directly owns 10,605 shares of the company’s stock, valued at approximately $421,124.55. The disclosure for this sale can be found here. 4.79% of the stock is currently owned by insiders.
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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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