Virtu Financial LLC decreased its holdings in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) by 33.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,129 shares of the financial services provider’s stock after selling 3,633 shares during the quarter. Virtu Financial LLC’s holdings in MainSource Financial Group were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Magnetar Financial LLC purchased a new position in shares of MainSource Financial Group during the 3rd quarter valued at $14,000,000. Macquarie Group Ltd. grew its position in shares of MainSource Financial Group by 42.9% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. grew its position in shares of MainSource Financial Group by 19.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 526,015 shares of the financial services provider’s stock valued at $18,863,000 after purchasing an additional 87,023 shares in the last quarter. BlackRock Inc. grew its position in shares of MainSource Financial Group by 2.6% during the 4th quarter. BlackRock Inc. now owns 1,712,947 shares of the financial services provider’s stock valued at $62,200,000 after purchasing an additional 43,094 shares in the last quarter. Finally, State Street Corp grew its position in shares of MainSource Financial Group by 9.8% during the 2nd quarter. State Street Corp now owns 474,457 shares of the financial services provider’s stock valued at $15,898,000 after purchasing an additional 42,529 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:MSFG remained flat at $$40.65 during midday trading on Friday. MainSource Financial Group Inc. has a fifty-two week low of $31.26 and a fifty-two week high of $41.07. The company has a market capitalization of $1,040.83, a P/E ratio of 19.17 and a beta of 0.88. 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 (NASDAQ:MSFG) last announced its earnings results on Friday, January 26th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). MainSource Financial Group had a return on equity of 10.64% and a net margin of 23.33%. The company had revenue of $51.48 million during the quarter. equities 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 given a $0.18 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This is a positive change from MainSource Financial Group’s previous dividend of $0.14. MainSource Financial Group’s payout ratio is 33.96%.
In other MainSource Financial Group news, Director Vince Berta purchased 1,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $38.20 per share, for a total transaction of $38,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Chris M. Harrison sold 4,106 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.71, for a total transaction of $163,049.26. Following the sale, the executive vice president now owns 10,605 shares of the company’s stock, valued at $421,124.55. The disclosure for this sale can be found here. 4.79% of the stock is currently owned by insiders.
A number of research analysts have recently commented on MSFG shares. Zacks Investment Research upgraded shares of MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a research report on Saturday, December 30th. BidaskClub lowered shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $44.50 target price on shares of MainSource Financial Group in a research report on Friday, December 22nd.
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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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