MainSource Financial Group, Inc. (MSFG) Plans Dividend Increase – $0.18 Per Share
MainSource Financial Group, Inc. (NASDAQ:MSFG) declared a quarterly dividend on Wednesday, November 8th, Wall Street Journal reports. Stockholders of record on Tuesday, December 5th will be paid a dividend of 0.18 per share by the financial services provider on Friday, December 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Monday, December 4th. This is a positive change from MainSource Financial Group’s previous quarterly dividend of $0.17.
Shares of MainSource Financial Group (MSFG) traded down $0.61 during mid-day trading on Thursday, hitting $35.11. The stock had a trading volume of 77,576 shares, compared to its average volume of 87,644. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.02. The firm has a market cap of $930.69, a PE ratio of 17.66 and a beta of 0.93. MainSource Financial Group has a one year low of $24.04 and a one year high of $38.93.
MainSource Financial Group (NASDAQ:MSFG) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). MainSource Financial Group had a return on equity of 10.93% and a net margin of 21.86%. The firm had revenue of $50.43 million for the quarter, compared to analysts’ expectations of $54.10 million. sell-side analysts predict that MainSource Financial Group will post 2.11 EPS for the current year.
Several analysts have recently issued reports on MSFG shares. Keefe, Bruyette & Woods downgraded MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price objective on the stock. in a research report on Friday, July 28th. BidaskClub upgraded MainSource Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Stephens lowered MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th.
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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.
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