Cambridge Investment Research Advisors Inc. increased its holdings in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,918 shares of the financial services provider’s stock after buying an additional 68 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.05% of MainSource Financial Group worth $466,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in MainSource Financial Group by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,963,972 shares of the financial services provider’s stock worth $64,674,000 after buying an additional 60,419 shares during the period. Vanguard Group Inc. lifted its position in shares of MainSource Financial Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 968,303 shares of the financial services provider’s stock worth $31,885,000 after purchasing an additional 26,022 shares during the period. State Street Corp lifted its position in shares of MainSource Financial Group by 0.5% in the 1st quarter. State Street Corp now owns 431,928 shares of the financial services provider’s stock worth $14,223,000 after purchasing an additional 2,146 shares during the period. Renaissance Technologies LLC lifted its position in shares of MainSource Financial Group by 6.9% in the 1st quarter. Renaissance Technologies LLC now owns 324,400 shares of the financial services provider’s stock worth $10,682,000 after purchasing an additional 21,000 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of MainSource Financial Group by 8.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 251,428 shares of the financial services provider’s stock worth $8,425,000 after purchasing an additional 19,462 shares during the period. Institutional investors and hedge funds own 58.22% of the company’s stock.

Shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) opened at 33.62 on Wednesday. MainSource Financial Group, Inc. has a 1-year low of $23.81 and a 1-year high of $37.20. The stock has a 50 day moving average of $33.79 and a 200 day moving average of $33.40. The company has a market cap of $859.87 million, a price-to-earnings ratio of 18.31 and a beta of 0.93.

MainSource Financial Group (NASDAQ:MSFG) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. MainSource Financial Group had a return on equity of 10.61% and a net margin of 22.93%. The company had revenue of $49.04 million during the quarter, compared to analyst estimates of $46.40 million. Analysts predict that MainSource Financial Group, Inc. will post $2.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Wednesday, August 30th. MainSource Financial Group’s payout ratio is 37.16%.

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A number of research analysts have recently issued reports on MSFG shares. Zacks Investment Research downgraded shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. BidaskClub lowered shares of MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Stephens lowered shares of MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods lowered shares of MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price objective for the company. in a research note on Friday, July 28th.

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

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