Mainsource Financial Group (NASDAQ:MSFG) Sentiment Up in 2017 Q2

November 15, 2017 - By Jacob Falcon

 Mainsource Financial Group (NASDAQ:MSFG) Sentiment  Up in  2017 Q2

Sentiment for Mainsource Financial Group (NASDAQ:MSFG)

Mainsource Financial Group (NASDAQ:MSFG) institutional sentiment increased to 1.92 in 2017 Q2. Its up 0.79, from 1.13 in 2017Q1. The ratio has improved, as 71 active investment managers increased or started new holdings, while 37 trimmed and sold stock positions in Mainsource Financial Group. The active investment managers in our partner’s database now have: 14.75 million shares, up from 14.18 million shares in 2017Q1. Also, the number of active investment managers holding Mainsource Financial Group in their top 10 holdings decreased from 1 to 0 for a decrease of 1. Sold All: 6 Reduced: 31 Increased: 49 New Position: 22.

MainSource Financial Group, Inc. is a bank holding company. The company has market cap of $930.43 million. The Firm operates a banking subsidiary, MainSource Bank , an Indiana state-chartered bank. It has a 20.48 P/E ratio. 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.

About 4,851 shares traded. MainSource Financial Group Inc. (NASDAQ:MSFG) has risen 51.30% since November 15, 2016 and is uptrending. It has outperformed by 34.60% the S&P500.

Wall Street await MainSource Financial Group Inc. (NASDAQ:MSFG) to release earnings on January, 24. Analysts forecast EPS of $0.56, up exactly $0.06 or 12.00 % from 2014’s $0.5 EPS. The expected MSFG’s profit could reach $14.33 million giving the stock 16.24 P/E in the case that $0.56 earnings per share is reported. After posting $0.54 EPS for the previous quarter, MainSource Financial Group Inc.’s analysts now forecast 3.70 % EPS growth.

Jacobs Asset Management Llc holds 3.18% of its portfolio in MainSource Financial Group Inc. for 469,078 shares. Hilton Capital Management Llc owns 445,993 shares or 2.78% of their US portfolio. Moreover, Pl Capital Advisors Llc has 2.04% invested in the company for 231,616 shares. The Texas-based Hillcrest Asset Management Llc has invested 1.35% in the stock. Heartland Advisors Inc, a Wisconsin-based fund reported 500,000 shares.#img1#

MainSource Financial Group Inc. (NASDAQ:MSFG) Ratings Coverage

Ratings analysis reveals 0 of Mainsource Financial Groups’s analysts are positive. Out of 3 Wall Street analysts rating Mainsource Financial Groups, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $25 while the high is $3900. The stock’s average target of $30.33 is -16.61% below today’s ($36.37) share price. MSFG was included in 7 notes of analysts from October 2, 2015. Keefe Bruyette & Woods maintained MainSource Financial Group Inc. (NASDAQ:MSFG) on Tuesday, October 3 with “Hold” rating. The company was downgraded on Friday, July 28 by Wood. The firm has “Outperform” rating by Wood given on Friday, August 26. Stephens initiated MainSource Financial Group Inc. (NASDAQ:MSFG) rating on Friday, October 2. Stephens has “Overweight” rating and $25 target. The firm earned “Buy” rating on Thursday, June 1 by Keefe Bruyette & Woods. Stephens downgraded the stock to “Equal-Weight” rating in Wednesday, July 26 report. The stock of MainSource Financial Group Inc. (NASDAQ:MSFG) earned “Hold” rating by Keefe Bruyette & Woods on Friday, July 28.

More notable recent MainSource Financial Group Inc. (NASDAQ:MSFG) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of …” on October 18, 2017, also Prnewswire.com with their article: “MainSource Financial Group Receives Regulatory Approvals to Acquire FCB …” published on April 14, 2017, Prnewswire.com published: “MainSource Financial Group, Inc. Announces Retirement of Bill Goodwin, Chief …” on May 03, 2017. More interesting news about MainSource Financial Group Inc. (NASDAQ:MSFG) were released by: Prnewswire.com and their article: “WeissLaw LLP: MainSource Financial Group Inc. Acquisition May Not Be in the …” published on July 28, 2017 as well as Prnewswire.com‘s news article titled: “MainSource Financial Group – NASDAQ, MSFG – Announces Third Quarter 2017 …” with publication date: October 25, 2017.

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