MainSource Financial Group Inc. (MSFG) Holdings Lessened by GSA Capital Partners LLP
GSA Capital Partners LLP lessened its holdings in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) by 42.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,300 shares of the financial services provider’s stock after selling 5,295 shares during the quarter. GSA Capital Partners LLP’s holdings in MainSource Financial Group were worth $262,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. California Public Employees Retirement System boosted its position in shares of MainSource Financial Group by 5.8% during the third quarter. California Public Employees Retirement System now owns 45,331 shares of the financial services provider’s stock valued at $1,626,000 after buying an additional 2,478 shares during the period. Virtu Financial LLC purchased a new position in shares of MainSource Financial Group during the third quarter valued at approximately $386,000. Magnetar Financial LLC purchased a new position in shares of MainSource Financial Group during the third quarter valued at approximately $14,000,000. Stifel Financial Corp purchased a new position in shares of MainSource Financial Group during the third quarter valued at approximately $468,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of MainSource Financial Group by 10.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 122,253 shares of the financial services provider’s stock valued at $4,384,000 after buying an additional 11,364 shares during the period. Institutional investors and hedge funds own 57.99% of the company’s stock.
Shares of MainSource Financial Group Inc. (NASDAQ MSFG) opened at $38.02 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.92 and a current ratio of 0.93. MainSource Financial Group Inc. has a 12 month low of $30.82 and a 12 month high of $40.67. The firm has a market cap of $975.97, a P/E ratio of 21.36 and a beta of 0.93.
MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.01). MainSource Financial Group had a net margin of 21.86% and a return on equity of 10.65%. The company had revenue of $50.43 million for the quarter, compared to the consensus estimate of $54.10 million. sell-side analysts expect that MainSource Financial Group Inc. will post 2.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Monday, December 4th. This is an increase from MainSource Financial Group’s previous quarterly dividend of $0.17. MainSource Financial Group’s payout ratio is currently 18.54%.
Several brokerages have issued reports on MSFG. 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 lowered MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research upgraded MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research report on Saturday, December 30th.
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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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