Citadel Advisors LLC Buys 2,750 Shares of MainSource Financial Group Inc. (MSFG)
Citadel Advisors LLC raised its stake in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) by 15.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,005 shares of the financial services provider’s stock after acquiring an additional 2,750 shares during the quarter. Citadel Advisors LLC owned approximately 0.08% of MainSource Financial Group worth $717,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFG. BNP Paribas Arbitrage SA boosted its position in MainSource Financial Group by 1,411.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,204 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 2,992 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in MainSource Financial Group during the 2nd quarter valued at $147,000. SG Americas Securities LLC bought a new stake in MainSource Financial Group during the 2nd quarter valued at $156,000. River Oaks Capital LLC acquired a new stake in shares of MainSource Financial Group in the 2nd quarter worth $166,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of MainSource Financial Group in the 2nd quarter worth $168,000. 58.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of MainSource Financial Group Inc. (NASDAQ MSFG) opened at $38.33 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $980.57, a price-to-earnings ratio of 18.61 and a beta of 0.92. MainSource Financial Group Inc. has a 52-week low of $30.82 and a 52-week high of $40.67.
MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). The business had revenue of $50.43 million during the quarter, compared to analyst estimates of $54.10 million. MainSource Financial Group had a return on equity of 10.65% and a net margin of 21.86%. research analysts expect that MainSource Financial Group Inc. will post 2.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be given a $0.18 dividend. This is a boost from MainSource Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.88%. MainSource Financial Group’s dividend payout ratio (DPR) is presently 18.54%.
A number of research firms have recently weighed in on MSFG. BidaskClub cut MainSource Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price objective on shares of MainSource Financial Group in a research report on Wednesday, November 1st.
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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