Trade Report: Today, MainSource Financial Group Inc. (MSFG) Set to Announce Quarterly Earnings on Thursday

Today, MainSource Financial Group Inc. (MSFG) Set to Announce Quarterly Earnings on Thursday

MainSource Financial Group Inc. (NASDAQ:MSFG) is scheduled to post its quarterly earnings results on Thursday, October 20th. Analysts expect MainSource Financial Group to post earnings of $0.48 per share for the quarter.

MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. MainSource Financial Group had a return on equity of 9.32% and a net margin of 19.76%. On average, analysts expect MainSource Financial Group to post $1.8 EPS for the current fiscal year and $1.98 EPS for the next fiscal year.

Shares of MainSource Financial Group Inc. (NASDAQ:MSFG) opened at 25.73 on Tuesday. The stock has a market cap of $617.67 million, a PE ratio of 17.29 and a beta of 0.92. MainSource Financial Group Inc. has a 12-month low of $19.46 and a 12-month high of $26.01. The firm has a 50-day moving average price of $24.69 and a 200 day moving average price of $22.69.

Several research analysts have recently issued reports on MSFG shares. Keefe, Bruyette & Woods increased their price target on MainSource Financial Group from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. Zacks Investment Research lowered MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.

In other news, Director William G. Barron acquired 3,130 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was acquired at an average price of $23.45 per share, for a total transaction of $73,398.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.49% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of MainSource Financial Group by 3.3% in the second quarter. Vanguard Group Inc. now owns 901,760 shares of the financial services provider’s stock valued at $19,884,000 after buying an additional 28,945 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of MainSource Financial Group by 2.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 705,892 shares of the financial services provider’s stock valued at $15,565,000 after buying an additional 19,089 shares during the period. BlackRock Fund Advisors raised its stake in shares of MainSource Financial Group by 7.9% in the second quarter. BlackRock Fund Advisors now owns 594,126 shares of the financial services provider’s stock valued at $13,100,000 after buying an additional 43,672 shares during the period. State Street Corp raised its stake in shares of MainSource Financial Group by 1.8% in the second quarter. State Street Corp now owns 402,868 shares of the financial services provider’s stock valued at $8,880,000 after buying an additional 7,255 shares during the period. Finally, Panagora Asset Management Inc. raised its stake in shares of MainSource Financial Group by 8.3% in the second quarter. Panagora Asset Management Inc. now owns 181,937 shares of the financial services provider’s stock valued at $4,012,000 after buying an additional 13,905 shares during the period. Institutional investors and hedge funds own 55.18% of the company’s stock.

About MainSource Financial Group

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