River Oaks Capital LLC bought a new stake in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,952 shares of the financial services provider’s stock, valued at approximately $166,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA increased 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 purchasing an additional 2,992 shares during the period. Great West Life Assurance Co. Can purchased a new position in MainSource Financial Group during the 2nd quarter valued at about $147,000. SG Americas Securities LLC purchased a new position in MainSource Financial Group during the 2nd quarter valued at about $156,000. PNC Financial Services Group Inc. purchased a new position in MainSource Financial Group during the 2nd quarter valued at about $168,000. Finally, Principal Financial Group Inc. purchased a new position in MainSource Financial Group during the 2nd quarter valued at about $201,000. 58.22% of the stock is currently owned by institutional investors and hedge funds.

MainSource Financial Group, Inc. (NASDAQ MSFG) traded up 0.50% during mid-day trading on Friday, reaching $34.25. 136,840 shares of the company were exchanged. The firm has a market capitalization of $875.98 million, a P/E ratio of 18.65 and a beta of 0.93. MainSource Financial Group, Inc. has a 1-year low of $23.84 and a 1-year high of $37.20. The stock has a 50-day moving average of $33.63 and a 200 day moving average of $33.37.

MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The business had revenue of $49.04 million during the quarter, compared to the consensus estimate of $46.40 million. MainSource Financial Group had a return on equity of 10.61% and a net margin of 22.93%. Equities research analysts forecast that MainSource Financial Group, Inc. will post $2.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Wednesday, August 30th. MainSource Financial Group’s dividend payout ratio is presently 37.16%.

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods downgraded shares of MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 target price on the stock. in a research report on Friday, July 28th. BidaskClub downgraded shares of MainSource Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of MainSource Financial Group from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, June 9th. Finally, Stephens downgraded shares of MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th.

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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.

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

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