Strs Ohio raised its position in MainSource Financial Group, Inc. (NASDAQ:MSFG) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 24,500 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Strs Ohio’s holdings in MainSource Financial Group were worth $820,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Clearbridge Investments LLC acquired a new stake in shares of MainSource Financial Group during the first quarter worth about $2,885,000. Goldman Sachs Group Inc. raised its stake in shares of MainSource Financial Group by 23.0% in the first quarter. Goldman Sachs Group Inc. now owns 20,332 shares of the financial services provider’s stock worth $670,000 after buying an additional 3,803 shares during the last quarter. State Street Corp raised its stake in shares of MainSource Financial Group by 0.5% in the first quarter. State Street Corp now owns 431,928 shares of the financial services provider’s stock worth $14,223,000 after buying an additional 2,146 shares during the last quarter. Bank of America Corp DE raised its stake in shares of MainSource Financial Group by 94.3% in the first quarter. Bank of America Corp DE now owns 97,838 shares of the financial services provider’s stock worth $3,221,000 after buying an additional 47,490 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of MainSource Financial Group by 10.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 109,603 shares of the financial services provider’s stock worth $3,610,000 after buying an additional 10,384 shares during the last quarter. Institutional investors and hedge funds own 54.94% of the company’s stock.
MainSource Financial Group, Inc. (MSFG) opened at 32.57 on Friday. The stock has a market cap of $833.01 million, a price-to-earnings ratio of 17.74 and a beta of 0.92. The stock’s 50 day moving average price is $34.21 and its 200-day moving average price is $33.47. MainSource Financial Group, Inc. has a 12 month low of $21.91 and a 12 month high of $37.20.
MainSource Financial Group (NASDAQ:MSFG) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. MainSource Financial Group had a net margin of 22.93% and a return on equity of 10.61%. The company had revenue of $49.04 million during the quarter, compared to analysts’ expectations of $46.40 million. Equities analysts expect that MainSource Financial Group, Inc. will post $2.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.68 annualized dividend and a yield of 2.09%. MainSource Financial Group’s dividend payout ratio is presently 37.16%.
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A number of brokerages have issued reports on MSFG. BidaskClub lowered MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods lowered MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price target for the company. in a research note on Friday, July 28th. Stephens lowered MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded MainSource Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
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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