Virginia Retirement Systems ET AL cut its position in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) by 33.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,050 shares of the financial services provider’s stock after selling 9,400 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.07% of MainSource Financial Group worth $683,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. boosted its stake in MainSource Financial Group by 8.6% during the third quarter. Assetmark Inc. now owns 33,964 shares of the financial services provider’s stock valued at $1,218,000 after buying an additional 2,677 shares during the last quarter. Macquarie Group Ltd. raised its position in MainSource Financial Group by 42.9% during the third quarter. Macquarie Group Ltd. now owns 587,676 shares of the financial services provider’s stock valued at $21,074,000 after purchasing an additional 176,297 shares during the period. Hilton Capital Management LLC raised its position in MainSource Financial Group by 3.4% during the third quarter. Hilton Capital Management LLC now owns 461,211 shares of the financial services provider’s stock valued at $16,539,000 after purchasing an additional 15,218 shares during the period. SG Americas Securities LLC raised its position in MainSource Financial Group by 626.3% during the third quarter. SG Americas Securities LLC now owns 33,887 shares of the financial services provider’s stock valued at $1,215,000 after purchasing an additional 29,221 shares during the period. Finally, Advisors Asset Management Inc. raised its position in MainSource Financial Group by 8.6% during the third quarter. Advisors Asset Management Inc. now owns 34,360 shares of the financial services provider’s stock valued at $1,232,000 after purchasing an additional 2,734 shares during the period. 58.26% of the stock is owned by institutional investors.
Shares of MainSource Financial Group Inc. (NASDAQ MSFG) opened at $38.33 on Monday. MainSource Financial Group Inc. has a 52-week low of $30.82 and a 52-week 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 capitalization of $980.57, a P/E ratio of 18.61 and a beta of 0.92.
MainSource Financial Group (NASDAQ:MSFG) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). MainSource Financial Group had a net margin of 21.86% and a return on equity of 10.65%. The company had revenue of $50.43 million for the quarter, compared to analysts’ expectations of $54.10 million. equities research analysts predict that MainSource Financial Group Inc. will post 2.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, December 4th. This is an increase from MainSource Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 1.88%. MainSource Financial Group’s dividend payout ratio is 18.54%.
A number of equities research analysts have issued reports on MSFG shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 price objective on shares of MainSource Financial Group in a research report on Wednesday, November 1st. BidaskClub downgraded MainSource Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.
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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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