MainSource Financial Group Inc. (MSFG) Position Raised by State Street Corp

State Street Corp grew its position in MainSource Financial Group Inc. (NASDAQ:MSFG) by 9.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 474,457 shares of the financial services provider’s stock after buying an additional 42,529 shares during the period. State Street Corp owned 1.86% of MainSource Financial Group worth $15,898,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in MainSource Financial Group by 1,411.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,204 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,992 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in MainSource Financial Group during the 2nd quarter valued at approximately $147,000. SG Americas Securities LLC acquired a new stake in MainSource Financial Group during the 2nd quarter valued at approximately $156,000. River Oaks Capital LLC acquired a new stake in MainSource Financial Group during the 2nd quarter valued at approximately $166,000. Finally, PNC Financial Services Group Inc. acquired a new stake in MainSource Financial Group during the 2nd quarter valued at approximately $168,000. Institutional investors and hedge funds own 58.26% of the company’s stock.

Several analysts have commented 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 note on Wednesday, November 1st. BidaskClub cut shares of MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.

MainSource Financial Group Inc. (NASDAQ MSFG) traded down $0.04 during trading hours on Wednesday, hitting $38.69. 55,151 shares of the stock traded hands, compared to its average volume of 98,363. 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 cap of $1,013.58, a price-to-earnings ratio of 19.23 and a beta of 0.92. MainSource Financial Group Inc. has a 52-week low of $30.82 and a 52-week high of $40.67.

MainSource Financial Group (NASDAQ:MSFG) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $50.43 million for the quarter, compared to analysts’ expectations of $54.10 million. MainSource Financial Group had a net margin of 21.86% and a return on equity of 10.65%. equities research analysts forecast that MainSource Financial Group Inc. will post 2.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.86%. The ex-dividend date is Monday, December 4th. This is a positive change from MainSource Financial Group’s previous quarterly dividend of $0.17. MainSource Financial Group’s payout ratio is presently 18.54%.

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MainSource Financial Group 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.

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

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