Teacher Retirement System of Texas acquired a new position in MainSource Financial Group Inc. (NASDAQ:MSFG) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 8,777 shares of the financial services provider’s stock, valued at approximately $319,000.

A number of other large investors have also modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in MainSource Financial Group by 3.2% in the fourth quarter. Victory Capital Management Inc. now owns 55,827 shares of the financial services provider’s stock worth $2,027,000 after purchasing an additional 1,748 shares in the last quarter. California Public Employees Retirement System boosted its holdings in MainSource Financial Group by 5.8% in the third quarter. California Public Employees Retirement System now owns 45,331 shares of the financial services provider’s stock worth $1,626,000 after purchasing an additional 2,478 shares in the last quarter. Swiss National Bank boosted its holdings in MainSource Financial Group by 6.5% in the third quarter. Swiss National Bank now owns 42,700 shares of the financial services provider’s stock worth $1,531,000 after purchasing an additional 2,600 shares in the last quarter. Assetmark Inc. boosted its holdings in MainSource Financial Group by 8.6% in the third quarter. Assetmark Inc. now owns 33,964 shares of the financial services provider’s stock worth $1,218,000 after purchasing an additional 2,677 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in MainSource Financial Group by 8.6% in the third quarter. Advisors Asset Management Inc. now owns 34,360 shares of the financial services provider’s stock worth $1,232,000 after purchasing an additional 2,734 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

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A number of research analysts have weighed in on the stock. BidaskClub lowered shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $44.50 target price on shares of MainSource Financial Group in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised shares of 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.

MainSource Financial Group stock opened at $39.69 on Thursday. The firm has a market cap of $1,014.20, a price-to-earnings ratio of 18.77 and a beta of 0.94. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.08. MainSource Financial Group Inc. has a 52-week low of $30.82 and a 52-week high of $41.07.

MainSource Financial Group (NASDAQ:MSFG) last released its earnings results on Friday, January 26th. The financial services provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The firm had revenue of $51.48 million for the quarter. MainSource Financial Group had a return on equity of 10.64% and a net margin of 23.33%. equities analysts expect that MainSource Financial Group Inc. will post 2.62 earnings per share for the current year.

The company also recently announced a dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were given a dividend of $0.18 per share. This is a positive change from MainSource Financial Group’s previous dividend of $0.14. The ex-dividend date of this dividend was Friday, March 2nd. MainSource Financial Group’s payout ratio is currently 37.11%.

In other MainSource Financial Group news, EVP Chris M. Harrison sold 4,106 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $39.71, for a total transaction of $163,049.26. Following the completion of the transaction, the executive vice president now owns 10,605 shares of the company’s stock, valued at approximately $421,124.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vince Berta acquired 1,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $38.20 per share, with a total value of $38,200.00. The disclosure for this purchase can be found here. 4.79% of the stock is owned by insiders.

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

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