The stock of MainSource Financial Group Inc. (NASDAQ:MSFG) is a huge mover today! The stock increased 4.32% or $1.28 on November 29, hitting $30.92. About 106,486 shares traded hands or 87.14% up from the average. MainSource Financial Group Inc. (NASDAQ:MSFG) has risen 37.22% since April 26, 2016 and is uptrending. It has outperformed by 31.96% the S&P500.
The move comes after 8 months positive chart setup for the $736.67M company. It was reported on Nov, 29 by Barchart.com. We have $32.78 PT which if reached, will make NASDAQ:MSFG worth $44.20 million more.
Analysts await MainSource Financial Group Inc. (NASDAQ:MSFG) to report earnings on January, 24. They expect $0.49 earnings per share, up 16.67% or $0.07 from last year’s $0.42 per share. MSFG’s profit will be $11.67 million for 15.78 P/E if the $0.49 EPS becomes a reality. After $0.50 actual earnings per share reported by MainSource Financial Group Inc. for the previous quarter, Wall Street now forecasts -2.00% negative EPS growth.
MainSource Financial Group Inc. (NASDAQ:MSFG) Ratings Coverage
Out of 2 analysts covering Mainsource Financial Groups (NASDAQ:MSFG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Mainsource Financial Groups has been the topic of 2 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Wood maintained the stock with “Outperform” rating in Friday, August 26 report. The rating was initiated by Stephens on Friday, October 2 with “Overweight”.
According to Zacks Investment Research, “MainSource Financial Group, Inc. is a community-focused, multi-bank, financial services oriented holding company.”
Insitutional Activity: The institutional sentiment increased to 1.59 in Q2 2016. Its up 0.26, from 1.33 in 2016Q1. The ratio improved, as 6 funds sold all MainSource Financial Group Inc. shares owned while 33 reduced positions. 13 funds bought stakes while 39 increased positions. They now own 12.90 million shares or 5.72% more from 12.20 million shares in 2016Q1.
Bnp Paribas Arbitrage holds 893 shares or 0% of its portfolio. Pnc Financial Svcs Grp Incorporated owns 149 shares or 0% of their US portfolio. The California-based Blackrock Institutional Tru Com Na has invested 0% in MainSource Financial Group Inc. (NASDAQ:MSFG). Royal Retail Bank Of Canada reported 73,606 shares or 0% of all its holdings. Alliancebernstein Limited Partnership holds 0% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG) for 27,533 shares. State Board Of Administration Of Florida Retirement System has 0% invested in the company for 21,747 shares. Tower Research Llc (Trc) reported 793 shares or 0% of all its holdings. Teachers Advisors holds 0% or 36,777 shares in its portfolio. Blackrock Gp Ltd holds 0% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG) for 3,102 shares. Emerald Mutual Fund Advisers Trust reported 44,420 shares or 0.05% of all its holdings. Vanguard Gru Incorporated holds 0% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG) for 901,760 shares. Bartlett And Ltd Limited Liability Company has invested 0% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG). Envestnet Asset Mgmt, a Illinois-based fund reported 51,366 shares. Bridgeway Capital Mngmt last reported 109,625 shares in the company. Fj Management Limited holds 0.17% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG) for 40,000 shares.
Insider Transactions: Since June 21, 2016, the stock had 1 insider purchase, and 1 sale for $23,363 net activity. 3,130 shares with value of $73,383 were bought by BARRON WILLIAM G on Tuesday, June 21. Shares for $50,020 were sold by HARRISON CHRIS M.
More recent MainSource Financial Group Inc. (NASDAQ:MSFG) news were published by: Prnewswire.com which released: “MainSource Financial Group Expands Presence in Cincinnati; Completes its …” on May 23, 2016. Also Prnewswire.com published the news titled: “MainSource Financial Group Announces Appointment of Vince Berta to Board of …” on January 28, 2016. Streetinsider.com‘s news article titled: “MainSource Financial Group (MSFG) to Acquire Cheviot Financial Corp (CHEV) for …” with publication date: November 24, 2015 was also an interesting one.
MSFG Company Profile
MainSource Financial Group, Inc., incorporated on March 30, 1983, is a bank holding company. The Firm 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. The Firm operates approximately 80 branch banking offices in Indiana, Illinois, Ohio and Kentucky.
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