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

MainSource Financial Group (NASDAQ:MSFG) last released its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ 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.

Earnings History for MainSource Financial Group (NASDAQ:MSFG)

Shares of MainSource Financial Group Inc. (NASDAQ:MSFG) opened at 25.54 on Wednesday. MainSource Financial Group Inc. has a 1-year low of $19.46 and a 1-year high of $26.03. The firm has a 50-day moving average price of $24.77 and a 200-day moving average price of $22.72. The company has a market cap of $613.11 million, a P/E ratio of 17.16 and a beta of 0.92.

A number of analysts have recently commented on MSFG shares. Keefe, Bruyette & Woods upped their target price 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 downgraded MainSource Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th.

In related news, Director William G. Barron bought 3,130 shares of the stock in a transaction dated Monday, August 29th. The shares were purchased at an average price of $23.45 per share, for a total transaction of $73,398.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.49% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of MSFG. Vanguard Group Inc. increased 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 worth $19,884,000 after buying an additional 28,945 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of MainSource Financial Group by 13.8% in the second quarter. BlackRock Advisors LLC now owns 11,690 shares of the financial services provider’s stock worth $258,000 after buying an additional 1,422 shares during the last quarter. BlackRock Investment Management LLC increased its stake in shares of MainSource Financial Group by 17.1% in the second quarter. BlackRock Investment Management LLC now owns 97,974 shares of the financial services provider’s stock worth $2,160,000 after buying an additional 14,341 shares during the last quarter. BlackRock Inc. increased its stake in shares of MainSource Financial Group by 209.8% in the second quarter. BlackRock Inc. now owns 5,465 shares of the financial services provider’s stock worth $120,000 after buying an additional 3,701 shares during the last quarter. Finally, BlackRock Fund Advisors increased 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 worth $13,100,000 after buying an additional 43,672 shares during the last quarter. Hedge funds and other institutional investors own 55.18% of the company’s stock.

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.

5 Day Chart for NASDAQ:MSFG

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