Bahl & Gaynor Inc. reduced its position in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) by 40.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,855 shares of the financial services provider’s stock after selling 42,655 shares during the period. Bahl & Gaynor Inc. owned approximately 0.24% of MainSource Financial Group worth $2,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of MainSource Financial Group by 1,411.3% during the second quarter. BNP Paribas Arbitrage SA now owns 3,204 shares of the financial services provider’s stock worth $107,000 after buying an additional 2,992 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of MainSource Financial Group during the second quarter worth $147,000. SG Americas Securities LLC acquired a new position in shares of MainSource Financial Group during the second quarter worth $156,000. Principal Financial Group Inc. acquired a new position in shares of MainSource Financial Group during the second quarter worth $201,000. Finally, Legal & General Group Plc increased its holdings in shares of MainSource Financial Group by 9.7% during the second quarter. Legal & General Group Plc now owns 6,058 shares of the financial services provider’s stock worth $203,000 after buying an additional 536 shares in the last quarter. Institutional investors and hedge funds own 58.22% of the company’s stock.

Shares of MainSource Financial Group, Inc. (MSFG) traded up 0.72% on Friday, hitting $33.75. 188,924 shares of the stock traded hands. MainSource Financial Group, Inc. has a 52 week low of $23.84 and a 52 week high of $37.20. The firm has a market cap of $863.19 million, a P/E ratio of 18.38 and a beta of 0.93. The stock has a 50-day moving average price of $33.71 and a 200 day moving average price of $33.40.

MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $49.04 million for the quarter, compared to analysts’ expectations of $46.40 million. MainSource Financial Group had a net margin of 22.93% and a return on equity of 10.61%. Equities research analysts predict that MainSource Financial Group, Inc. will post $2.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Wednesday, August 30th. MainSource Financial Group’s dividend payout ratio (DPR) is currently 37.16%.

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MSFG has been the subject of several research analyst reports. Keefe, Bruyette & Woods downgraded shares of MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price target for the company. in a report on Friday, July 28th. Zacks Investment Research downgraded shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub upgraded shares of MainSource Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Stephens downgraded shares of MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 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.

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

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