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MSFG $40.65

MSFG target price
40.65
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0
MainSource Financial Group
Trading name
MainSource Bank
Formerly called
Indiana United Bancorp (1983–2002)
Type
Public
Traded as NASDAQ: MSFG
Industry Banking
Headquarters Greensburg, Indiana, United States
Area served
Indiana, Illinois, Kentucky, and Ohio
Key people
Archie Brown, Jr (President/CEO)
Products Banking and Mortgages
Number of employees
702
Website www.mainsourcebank.com

MainSource Bank is a community bank located in Greensburg, Indiana. The company is the operating subsidiary of the MainSource Financial Group. It operates banks in Indiana, Illinois, Kentucky, and Ohio.

The United States Treasury purchased $57 million in shares of MainSource Financial Group under the Troubled Asset Relief Program. The Treasury sold all of its shares in the company in March 2012.

In February 2002, Indiana United Bancorp announced plans to consolidating the holding company's many separate banking units throughout the state of Indiana that operated under various names into a single bank to be named MainSource Bank, starting with the merger of the two largest units, People's Trust Co. of Brookville, and Union Bank of Greensburg in March to form an operating unit with 35 banking offices in 14 Indiana counties. The other subsidiary banks were also merged into MainSource as soon as the necessary regulatory approvals were obtained. At the same time, it was announced that the name of holding company was going to be changed to MainSource Financial Group, which was completed in May with its Nasdaq trading symbol changed from IUBC to MSFG.

In March 2005, MainSource Financial Group announced the pending acquisition of the Madison-based Madison Bank & Trust Company from National City Corporation for an undisclosed amount. The acquisition was completed in August 2005.

In the early 2010s, MainSource Financial Group expanded into new territories within Southern Indiana by opening new branches in Columbus, Seymour and Bloomington.

On July 25 2017, MainSource Financial Group and First Financial Bancorp entered into a definitive merger agreement. MainSource is expected to merge into First Financial in the first quarter of 2018.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2015-10-02 Initiated Coverage Stephens Overweight $25.00
2015-04-27 Boost Price Target Keefe, Bruyette & Woods Outperform $22.00 to $23.00
2015-01-30 Boost Price Target Keefe, Bruyette & Woods Outperform $21.00 to $22.00
2015-01-30 Downgrade FIG Partners Market Perform
2014-07-22 Lower Price Target DA Davidson Buy $21.00 to $20.00
2014-04-09 Boost Price Target Keefe, Bruyette & Woods $20.00 to $21.00
2014-01-31 Upgrade Raymond James Market Perform to Outperform $19.00
2013-10-25 Reiterated Rating DA Davidson Buy $17.50 to $20.00
2013-10-24 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform $16.00 to $19.00
2013-09-25 Initiated Coverage DA Davidson Buy $17.50
2009-12-21 Initiated Keefe Bruyette Mkt Perform $5.50
2015-10-02 Initiated Coverage Stephens Overweight $25.00
2015-04-27 Boost Price Target Keefe, Bruyette & Woods Outperform $22.00 to $23.00
2015-01-30 Boost Price Target Keefe, Bruyette & Woods Outperform $21.00 to $22.00
2015-01-30 Downgrade FIG Partners Market Perform
2014-07-22 Lower Price Target DA Davidson Buy $21.00 to $20.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MCGRAW WILLIAM J 0.49%  (100025) MSFG /
FRANTZ PHILIP A 0.30%  (62000) MSFG /
Tressler Daryl R President/CEO Lead Subsidiary 0.26%  (53948) MSFG /
HARTMAN RICK S 0.17%  (35163) MSFG /
Goodwin William J. Exec VP, Chief Credit Officer 0.13%  (26916) MSFG /
SMITH JOHN T 0.10%  (20341) CHEV / MSFG /
Crall Brian J 0.09%  (18155) MSFG /
THAYER CHARLES J 0.05%  (10597) MSFG /