MainSource Financial Group Inc. (MSFG) Hits New 1-Year High at $24.69
MainSource Financial Group Inc. (NASDAQ:MSFG) shares hit a new 52-week high during trading on Friday . The stock traded as high as $24.69 and last traded at $24.56, with a volume of 38,371 shares traded. The stock had previously closed at $24.20.
MSFG has been the topic of several analyst reports. Zacks Investment Research lowered shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Keefe, Bruyette & Woods increased their price target on shares of MainSource Financial Group from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th.
The company has a market cap of $580.95 million and a PE ratio of 16.26. The firm’s 50 day moving average price is $22.63 and its 200 day moving average price is $21.83.
MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Equities research analysts expect that MainSource Financial Group Inc. will post $1.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Tuesday, August 30th.
In other news, Director William G. Barron bought 3,130 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average price of $23.45 per share, with a total value of $73,398.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
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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