Nationwide Fund Advisors lessened its holdings in MainSource Financial Group Inc. (NASDAQ:MSFG) by 21.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,212 shares of the financial services provider’s stock after selling 18,000 shares during the period. Nationwide Fund Advisors owned approximately 0.26% of MainSource Financial Group worth $2,410,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in shares of MainSource Financial Group by 16.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 31,626 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 4,535 shares during the last quarter. State Street Corp lifted its position in shares of MainSource Financial Group by 9.8% during the 2nd quarter. State Street Corp now owns 474,457 shares of the financial services provider’s stock worth $15,898,000 after purchasing an additional 42,529 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of MainSource Financial Group by 26.1% during the 2nd quarter. Victory Capital Management Inc. now owns 56,557 shares of the financial services provider’s stock worth $1,895,000 after purchasing an additional 11,691 shares during the last quarter. Swiss National Bank lifted its position in shares of MainSource Financial Group by 6.9% during the 2nd quarter. Swiss National Bank now owns 40,100 shares of the financial services provider’s stock worth $1,344,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of MainSource Financial Group during the 2nd quarter worth $468,000. 57.99% of the stock is owned by institutional investors and hedge funds.

Shares of MainSource Financial Group Inc. (MSFG) opened at $37.71 on Thursday. MainSource Financial Group Inc. has a 1 year low of $30.82 and a 1 year high of $40.67. 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 stock has a market cap of $995.16, a price-to-earnings ratio of 18.88 and a beta of 0.92.

MainSource Financial Group (NASDAQ:MSFG) last announced its quarterly 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). MainSource Financial Group had a return on equity of 10.65% and a net margin of 21.86%. The company had revenue of $50.43 million for the quarter, compared to analyst estimates of $54.10 million. research analysts anticipate that MainSource Financial Group Inc. will post 2.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were paid a dividend of $0.18 per share. This is a positive change from MainSource Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Monday, December 4th. MainSource Financial Group’s dividend payout ratio (DPR) is currently 18.54%.

Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 price objective on shares of MainSource Financial Group in a research report on Wednesday, November 1st.

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MainSource Financial Group 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.

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

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