HL Financial Services LLC acquired a new position in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,914 shares of the financial services provider’s stock, valued at approximately $965,000. HL Financial Services LLC owned approximately 0.11% of MainSource Financial Group at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Alps Advisors Inc. grew its holdings in shares of MainSource Financial Group by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 14,225 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 36 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of MainSource Financial Group by 0.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,918 shares of the financial services provider’s stock worth $466,000 after purchasing an additional 68 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of MainSource Financial Group by 0.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 83,492 shares of the financial services provider’s stock worth $2,749,000 after purchasing an additional 368 shares in the last quarter. Strs Ohio lifted its position in shares of MainSource Financial Group by 2.1% during the 2nd quarter. Strs Ohio now owns 24,500 shares of the financial services provider’s stock worth $820,000 after buying an additional 500 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of MainSource Financial Group by 9.7% during the 2nd quarter. Legal & General Group Plc now owns 6,058 shares of the financial services provider’s stock worth $203,000 after buying an additional 536 shares during the period. 53.91% of the stock is currently owned by institutional investors.

MainSource Financial Group, Inc. (NASDAQ:MSFG) remained flat at $$34.83 during trading on Monday. The company had a trading volume of 157,600 shares, compared to its average volume of 100,062. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $891.03, a P/E ratio of 16.91 and a beta of 0.93. MainSource Financial Group, Inc. has a 52 week low of $27.19 and a 52 week high of $38.93.

MainSource Financial Group (NASDAQ:MSFG) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.01). The company had revenue of $50.43 million for the quarter, compared to the consensus estimate of $54.10 million. MainSource Financial Group had a return on equity of 10.65% and a net margin of 21.86%. sell-side analysts anticipate that MainSource Financial Group, Inc. will post 2.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, December 4th. This is an increase from MainSource Financial Group’s previous quarterly dividend of $0.17. MainSource Financial Group’s dividend payout ratio (DPR) is 27.53%.

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 target price on shares of MainSource Financial Group in a research report on Wednesday, November 1st. BidaskClub upgraded MainSource Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Stephens downgraded MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th.

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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.

Institutional Ownership by Quarter for MainSource Financial Group (NASDAQ:MSFG)

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