Positive News Coverage Somewhat Likely to Impact MainSource Financial Group (NASDAQ:MSFG) Share Price

Media coverage about MainSource Financial Group (NASDAQ:MSFG) has been trending positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MainSource Financial Group earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern’s analysis:

MainSource Financial Group (MSFG) opened at 35.62 on Friday. The firm has a market cap of $910.98 million, a PE ratio of 19.40 and a beta of 0.91. MainSource Financial Group has a 52-week low of $21.82 and a 52-week high of $37.20. The firm’s 50-day moving average price is $33.67 and its 200 day moving average price is $33.30.

MainSource Financial Group (NASDAQ:MSFG) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $49.04 million during the quarter, compared to analysts’ expectations of $46.40 million. MainSource Financial Group had a net margin of 22.93% and a return on equity of 10.96%. On average, equities analysts anticipate that MainSource Financial Group will post $2.12 earnings per share for the current year.

A number of brokerages have issued reports on MSFG. Zacks Investment Research raised MainSource Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, May 3rd. Stephens cut MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday. BidaskClub cut MainSource Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods cut MainSource Financial Group from an “outperform” rating to a “market perform” rating in a research report on Friday.

WARNING: “Positive News Coverage Somewhat Likely to Impact MainSource Financial Group (NASDAQ:MSFG) Share Price” was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.chaffeybreeze.com/2017/07/30/mainsource-financial-group-nasdaqmsfg-earning-positive-press-coverage-accern-reports-updated-updated-updated.html.

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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