MainSource Financial Group (NASDAQ:MSFG) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 price objective on shares of MainSource Financial Group in a research report on Wednesday, November 1st.

MainSource Financial Group (NASDAQ MSFG) opened at $37.62 on Friday. The stock has a market capitalization of $975.20, a PE ratio of 21.13 and a beta of 0.92. MainSource Financial Group has a 1 year low of $30.82 and a 1 year high of $40.67. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.20.

MainSource Financial Group (NASDAQ:MSFG) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.01). The business had revenue of $50.43 million for the quarter, compared to analyst estimates of $54.10 million. MainSource Financial Group had a return on equity of 10.65% and a net margin of 21.86%. equities research analysts predict that MainSource Financial Group will post 2.11 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of MSFG. BNP Paribas Arbitrage SA lifted its holdings in shares of MainSource Financial Group by 1,411.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,204 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,992 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of MainSource Financial Group in the 2nd quarter valued at about $147,000. SG Americas Securities LLC purchased a new stake in MainSource Financial Group during the 2nd quarter valued at approximately $156,000. River Oaks Capital LLC purchased a new stake in MainSource Financial Group during the 2nd quarter valued at approximately $166,000. Finally, PNC Financial Services Group Inc. purchased a new stake in MainSource Financial Group during the 2nd quarter valued at approximately $168,000. 57.99% of the stock is owned by institutional investors and hedge funds.

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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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