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UPDATE: Stifel Nicolaus Raises PT to $14.50 on MainSource Financial Group Following Q4 Results

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Stifel Nicolaus reiterated its Buy rating on MainSource Financial Group (NASDAQ: MSFG) and raised the price target from $13.50 to $14.50.

Stifel Nicolaus said, "This was another good quarter for MainSource Financial. Profitability improved as the ROA increased to 1.0% and the ROTCE increased to 11.7% at 4Q. Profitability for the full year was closer to the Midwest bank peer group and we believe there are several favorable developments on the horizon that could drive earnings higher. These including the recent strategic entrance into higher growth markets of Indianapolis and Seymour, and recent hires in commercial lending and brokerage. In our view, the fairly good 8.3% growth in the TBV and 1.8% dividend yield will continue to provide favorable momentum for MSFG shares."

MainSource Financial Group closed at $12.98 on Thursday.

Latest Ratings for MSFG

Oct 2015Stephens & Co.Initiates Coverage onOverweight
Apr 2015Keefe Bruyette & WoodsMaintainsOutperform
Jan 2015Keefe Bruyette & WoodsMaintainsOutperform

View More Analyst Ratings for MSFG
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


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