Dimensional Fund Advisors LP Has $66.17 Million Stake in MainSource Financial Group, Inc. (MSFG)

Dimensional Fund Advisors LP lifted its holdings in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,974,571 shares of the financial services provider’s stock after purchasing an additional 10,599 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.72% of MainSource Financial Group worth $66,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Virtu KCG Holdings LLC acquired a new position in shares of MainSource Financial Group during the 2nd quarter worth $222,000. Citadel Advisors LLC acquired a new position in shares of MainSource Financial Group during the 2nd quarter worth $578,000. Parametric Portfolio Associates LLC increased its stake in shares of MainSource Financial Group by 15.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 50,916 shares of the financial services provider’s stock worth $1,706,000 after purchasing an additional 6,920 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of MainSource Financial Group by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 132,621 shares of the financial services provider’s stock worth $4,444,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Glenview Trust Co acquired a new position in shares of MainSource Financial Group during the 2nd quarter worth $321,000. Institutional investors own 58.22% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://stocknewstimes.com/2017/10/13/dimensional-fund-advisors-lp-has-66-17-million-stake-in-mainsource-financial-group-inc-msfg.html.

Several research analysts have recently commented on the stock. BidaskClub lowered shares of MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods lowered shares of MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price target on the stock. in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of MainSource Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Stephens lowered shares of MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th.

MainSource Financial Group, Inc. (NASDAQ MSFG) opened at 36.29 on Friday. MainSource Financial Group, Inc. has a 52 week low of $23.84 and a 52 week high of $37.20. The firm has a market cap of $928.15 million, a price-to-earnings ratio of 19.77 and a beta of 0.94. The stock’s 50 day moving average is $34.30 and its 200 day moving average is $33.66.

MainSource Financial Group (NASDAQ:MSFG) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The business 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%. Equities research 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 was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, August 30th. MainSource Financial Group’s dividend payout ratio is presently 37.16%.

About MainSource Financial Group

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.

Want to see what other hedge funds are holding MSFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MainSource Financial Group, Inc. (NASDAQ:MSFG).

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

Receive News & Ratings for MainSource Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainSource Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply