First Trust Advisors LP increased its stake in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,098 shares of the financial services provider’s stock after buying an additional 1,163 shares during the period. First Trust Advisors LP owned 0.14% of MainSource Financial Group worth $730,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. Kennedy Capital Management Inc. raised its position in shares of MainSource Financial Group by 28.5% in the first quarter. Kennedy Capital Management Inc. now owns 169,264 shares of the financial services provider’s stock valued at $3,570,000 after buying an additional 37,564 shares during the last quarter. California State Teachers Retirement System raised its position in shares of MainSource Financial Group by 5.4% in the second quarter. California State Teachers Retirement System now owns 48,377 shares of the financial services provider’s stock valued at $1,067,000 after buying an additional 2,500 shares during the last quarter. Creative Planning raised its position 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 valued at $4,120,000 after buying an additional 44,342 shares during the last quarter. Hillcrest Asset Management LLC bought a new position in shares of MainSource Financial Group during the first quarter valued at approximately $4,297,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of MainSource Financial Group during the second quarter valued at approximately $294,000. 54.30% of the stock is owned by hedge funds and other institutional investors.
MainSource Financial Group Inc. (NASDAQ:MSFG) traded down 0.35% during trading on Friday, reaching $25.58. 39,343 shares of the company’s stock were exchanged. MainSource Financial Group Inc. has a 52 week low of $19.46 and a 52 week high of $25.76. The stock has a 50-day moving average of $24.09 and a 200-day moving average of $22.47. The stock has a market capitalization of $614.07 million, a PE ratio of 17.19 and a beta of 0.92.
MainSource Financial Group (NASDAQ:MSFG) last issued its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 research analysts anticipate that MainSource Financial Group Inc. will post $1.82 EPS for the current year.
The firm also recently declared 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 2.35%. MainSource Financial Group’s dividend payout ratio (DPR) is presently 39.74%.
MSFG has been the subject of several research analyst reports. Zacks Investment Research lowered shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Keefe, Bruyette & Woods increased their price objective on shares of MainSource Financial Group from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 26th.
In other MainSource Financial Group news, Director William G. Barron purchased 3,130 shares of the business’s stock in a transaction on Monday, August 29th. The shares were bought at an average cost of $23.45 per share, for a total transaction of $73,398.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.49% of the company’s stock.
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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