MainSource Financial Group Inc. (NASDAQ:msfg) declared a quarterly dividend on Thursday, October 27th. Stockholders of record on Monday, December 5th will be paid a dividend of 0.16 per share by the financial services provider on Thursday, December 15th. This represents a $0.64 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, December 1st. This is an increase from MainSource Financial Group’s previous quarterly dividend of $0.15.

MainSource Financial Group (NASDAQ:MSFG) opened at 30.92 on Wednesday. The stock has a 50 day moving average of $26.70 and a 200 day moving average of $23.88. MainSource Financial Group has a 52 week low of $19.46 and a 52 week high of $30.74. The stock has a market capitalization of $743.10 million, a P/E ratio of 19.83 and a beta of 0.98.

Dividend History for MainSource Financial Group (NASDAQ:msfg)

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A number of institutional investors have recently modified their holdings of MSFG. The Manufacturers Life Insurance Company acquired a new position in shares of MainSource Financial Group during the third quarter valued at $9,665,000. BlackRock Fund Advisors raised its position in shares of MainSource Financial Group by 8.5% in the third quarter. BlackRock Fund Advisors now owns 644,510 shares of the financial services provider’s stock valued at $16,081,000 after buying an additional 50,384 shares during the last quarter. Vanguard Group Inc. raised its position in shares of MainSource Financial Group by 3.3% in the second quarter. Vanguard Group Inc. now owns 901,760 shares of the financial services provider’s stock valued at $19,884,000 after buying an additional 28,945 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of MainSource Financial Group by 2.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 705,892 shares of the financial services provider’s stock valued at $15,565,000 after buying an additional 19,089 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of MainSource Financial Group by 114.5% in the second quarter. Alliancebernstein L.P. now owns 27,533 shares of the financial services provider’s stock valued at $607,000 after buying an additional 14,700 shares during the last quarter. 55.17% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Keefe, Bruyette & Woods increased their price target on shares of MainSource Financial Group from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th.

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.

5 Day Chart for NASDAQ:MSFG

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