Zacks: Analysts Expect MainSource Financial Group Inc. (MSFG) to Announce $0.56 EPS

Wall Street brokerages expect MainSource Financial Group Inc. (NASDAQ:MSFG) to announce earnings of $0.56 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for MainSource Financial Group’s earnings. MainSource Financial Group reported earnings per share of $0.50 during the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The business is scheduled to issue its next earnings report on Wednesday, January 24th.

On average, analysts expect that MainSource Financial Group will report full year earnings of $2.09 per share for the current year. For the next year, analysts anticipate that the company will report earnings of $2.62 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for MainSource Financial Group.

MainSource Financial Group (NASDAQ:MSFG) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). MainSource Financial Group had a return on equity of 10.65% and a net margin of 21.86%. The business had revenue of $50.43 million during the quarter, compared to analysts’ expectations of $54.10 million.

Several equities research analysts have recently weighed in on MSFG shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $44.50 price target on shares of MainSource Financial Group in a research report on Friday, December 22nd. BidaskClub cut shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised shares of MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a research report on Saturday.

Shares of MainSource Financial Group (NASDAQ:MSFG) traded down $0.85 on Wednesday, hitting $36.31. 58,479 shares of the stock traded hands, compared to its average volume of 84,507. MainSource Financial Group has a 52-week low of $30.82 and a 52-week high of $40.67. The stock has a market cap of $928.90, a PE ratio of 20.40 and a beta of 0.92. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Monday, December 4th. This is a positive change from MainSource Financial Group’s previous quarterly dividend of $0.17. MainSource Financial Group’s payout ratio is 18.54%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System raised its stake in shares of MainSource Financial Group by 5.8% during the 3rd quarter. California Public Employees Retirement System now owns 45,331 shares of the financial services provider’s stock worth $1,626,000 after acquiring an additional 2,478 shares in the last quarter. Virtu Financial LLC bought a new position in shares of MainSource Financial Group during the 3rd quarter worth approximately $386,000. Magnetar Financial LLC bought a new position in shares of MainSource Financial Group during the 3rd quarter worth approximately $14,000,000. Stifel Financial Corp bought a new position in shares of MainSource Financial Group during the 3rd quarter worth approximately $468,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of MainSource Financial Group by 10.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 122,253 shares of the financial services provider’s stock worth $4,384,000 after acquiring an additional 11,364 shares in the last quarter. Hedge funds and other institutional investors own 57.99% of the company’s stock.

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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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