MainSource Financial Group, Inc. (NASDAQ:MSFG) – Stock analysts at FIG Partners issued their FY2018 earnings estimates for MainSource Financial Group in a research report issued to clients and investors on Monday. FIG Partners analyst B. Martin anticipates that the firm will earn $2.27 per share for the year.

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Separately, Zacks Investment Research upgraded MainSource Financial Group from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Friday.

MainSource Financial Group (NASDAQ:MSFG) traded up 1.19% during mid-day trading on Wednesday, reaching $33.05. 62,493 shares of the company traded hands. The firm has a market capitalization of $794.29 million, a P/E ratio of 21.20 and a beta of 1.04. The company’s 50 day moving average price is $32.37 and its 200 day moving average price is $25.92. MainSource Financial Group has a 12-month low of $19.46 and a 12-month high of $34.75.

Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of MainSource Financial Group during the third quarter valued at about $135,000. BlackRock Inc. boosted its stake in shares of MainSource Financial Group by 209.8% in the second quarter. BlackRock Inc. now owns 5,465 shares of the financial services provider’s stock valued at $120,000 after buying an additional 3,701 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of MainSource Financial Group by 3,533.8% in the third quarter. Advisors Asset Management Inc. now owns 5,487 shares of the financial services provider’s stock valued at $137,000 after buying an additional 5,336 shares during the period. BlackRock Group LTD boosted its stake in shares of MainSource Financial Group by 83.1% in the third quarter. BlackRock Group LTD now owns 5,679 shares of the financial services provider’s stock valued at $141,000 after buying an additional 2,577 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of MainSource Financial Group during the third quarter valued at about $222,000. 55.11% of the stock is currently owned by institutional investors and hedge funds.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Monday, December 5th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.94%. This is a boost from MainSource Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, December 1st. MainSource Financial Group’s dividend payout ratio is 40.76%.

MainSource Financial Group Company Profile

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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