Virtu Financial LLC lessened its position in MainSource Financial Group Inc. (NASDAQ:MSFG) by 33.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,129 shares of the financial services provider’s stock after selling 3,633 shares during the period. Virtu Financial LLC’s holdings in MainSource Financial Group were worth $259,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of MSFG. Magnetar Financial LLC bought a new stake in shares of MainSource Financial Group in the 3rd quarter worth $14,000,000. Macquarie Group Ltd. raised its stake in shares of MainSource Financial Group by 42.9% in the 3rd quarter. Macquarie Group Ltd. now owns 587,676 shares of the financial services provider’s stock worth $21,074,000 after buying an additional 176,297 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of MainSource Financial Group by 19.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 526,015 shares of the financial services provider’s stock worth $18,863,000 after buying an additional 87,023 shares in the last quarter. BlackRock Inc. raised its stake in shares of MainSource Financial Group by 2.6% in the 4th quarter. BlackRock Inc. now owns 1,712,947 shares of the financial services provider’s stock worth $62,200,000 after buying an additional 43,094 shares in the last quarter. Finally, State Street Corp raised its stake in shares of MainSource Financial Group by 9.8% in the 2nd quarter. State Street Corp now owns 474,457 shares of the financial services provider’s stock worth $15,898,000 after buying an additional 42,529 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.
In other news, EVP Chris M. Harrison sold 4,106 shares of MainSource Financial Group stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $39.71, for a total transaction of $163,049.26. Following the transaction, the executive vice president now owns 10,605 shares in the company, valued at $421,124.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vince Berta purchased 1,000 shares of the stock in a transaction dated Monday, February 5th. The shares were acquired at an average price of $38.20 per share, for a total transaction of $38,200.00. The disclosure for this purchase can be found here. Insiders own 4.79% of the company’s stock.
MainSource Financial Group Inc. (MSFG) opened at $40.18 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1,025.21, a price-to-earnings ratio of 18.98 and a beta of 0.94. MainSource Financial Group Inc. has a 1-year low of $30.82 and a 1-year high of $41.07.
MainSource Financial Group (NASDAQ:MSFG) last issued its earnings results on Friday, January 26th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The company had revenue of $51.48 million during the quarter. MainSource Financial Group had a return on equity of 10.64% and a net margin of 23.33%. analysts anticipate that MainSource Financial Group Inc. will post 2.62 earnings per share for the current fiscal year.
The business also recently announced a dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were issued a $0.18 dividend. This is a boost 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 presently 37.11%.
A number of research firms have recently commented on MSFG. Zacks Investment Research raised MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research note on Saturday, December 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.50 target price on shares of MainSource Financial Group in a report on Friday, December 22nd. Finally, BidaskClub cut MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Friday, December 22nd.
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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.
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