Quadrant Capital Group LLC continued to hold its stake in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) during the second quarter, Holdings Channel reports. The institutional investor owned 44,334 shares of the financial services provider’s stock at the end of the second quarter. MainSource Financial Group makes up about 0.7% of Quadrant Capital Group LLC’s portfolio, making the stock its 26th largest position. Quadrant Capital Group LLC’s holdings in MainSource Financial Group were worth $976,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of MSFG. Strs Ohio increased its stake in shares of MainSource Financial Group by 2.5% in the second quarter. Strs Ohio now owns 32,300 shares of the financial services provider’s stock worth $712,000 after buying an additional 800 shares during the period. James Investment Research Inc. increased its stake in shares of MainSource Financial Group by 7.7% in the second quarter. James Investment Research Inc. now owns 208,085 shares of the financial services provider’s stock worth $4,588,000 after buying an additional 14,910 shares during the period. Eqis Capital Management Inc. acquired a new stake in shares of MainSource Financial Group during the second quarter worth about $218,000. Creative Planning increased its stake in shares of MainSource Financial Group by 31.1% in the second quarter. Creative Planning now owns 186,842 shares of the financial services provider’s stock worth $4,120,000 after buying an additional 44,342 shares during the period. Finally, Hillcrest Asset Management LLC acquired a new stake in shares of MainSource Financial Group during the first quarter worth about $4,297,000. Institutional investors own 54.30% of the company’s stock.
Shares of MainSource Financial Group Inc. (NASDAQ:MSFG) traded up 0.55% during midday trading on Wednesday, hitting $25.46. The company had a trading volume of 76,495 shares. The firm has a market capitalization of $611.19 million, a P/E ratio of 17.11 and a beta of 0.92. MainSource Financial Group Inc. has a 1-year low of $19.46 and a 1-year high of $25.71. The stock has a 50 day moving average price of $23.83 and a 200 day moving average price of $22.40.
MainSource Financial Group (NASDAQ:MSFG) last announced its earnings results on Wednesday, July 27th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. MainSource Financial Group had a net margin of 19.76% and a return on equity of 9.32%. On average, equities analysts anticipate that MainSource Financial Group Inc. will post $1.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.60 dividend on an annualized basis and a yield of 2.36%. MainSource Financial Group’s dividend payout ratio is presently 39.74%.
A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on MainSource Financial Group from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Zacks Investment Research downgraded MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.
In related news, Director William G. Barron bought 3,130 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was acquired at an average cost of $23.45 per share, for a total transaction of $73,398.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.49% of the company’s stock.
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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