MainSource Financial Group, Inc. (MSFG) Position Maintained by HighTower Advisors LLC
HighTower Advisors LLC maintained its stake in MainSource Financial Group, Inc. (NASDAQ:MSFG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,295 shares of the financial services provider’s stock at the close of the 2nd quarter. HighTower Advisors LLC owned 0.70% of MainSource Financial Group worth $6,009,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. PDT Partners LLC bought a new position in shares of MainSource Financial Group in the 2nd quarter worth approximately $1,052,000. Voya Investment Management LLC lifted its stake in shares of MainSource Financial Group by 5.9% in the 2nd quarter. Voya Investment Management LLC now owns 16,621 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 919 shares during the period. OxFORD Asset Management LLP purchased a new position in shares of MainSource Financial Group in the 2nd quarter valued at approximately $641,000. Dimensional Fund Advisors LP boosted its position in shares of MainSource Financial Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,974,571 shares of the financial services provider’s stock valued at $66,168,000 after purchasing an additional 10,599 shares in the last quarter. Finally, Virtu KCG Holdings LLC bought a new stake in shares of MainSource Financial Group during the second quarter valued at approximately $222,000. 58.22% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on MSFG shares. BidaskClub cut MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research lowered MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Keefe, Bruyette & Woods lowered MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price objective for the company. in a research report on Friday, July 28th. Finally, Stephens lowered MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th.
MainSource Financial Group, Inc. (NASDAQ MSFG) traded down 0.22% during midday trading on Monday, reaching $35.78. 10,387 shares of the company traded hands. The company has a 50 day moving average price of $33.63 and a 200-day moving average price of $33.37. The stock has a market capitalization of $915.11 million, a P/E ratio of 19.49 and a beta of 0.93. MainSource Financial Group, Inc. has a one year low of $23.84 and a one year high of $37.20.
MainSource Financial Group (NASDAQ:MSFG) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $49.04 million for the quarter, compared to analyst estimates of $46.40 million. MainSource Financial Group had a net margin of 22.93% and a return on equity of 10.61%. Analysts forecast that MainSource Financial Group, Inc. will post $2.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.90%. MainSource Financial Group’s dividend payout ratio is currently 37.16%.
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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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