Keefe, Bruyette & Woods restated their hold rating on shares of MainSource Financial Group (NASDAQ:MSFG) in a research note released on Friday. Keefe, Bruyette & Woods currently has a $44.50 target price on the financial services provider’s stock.

Separately, BidaskClub downgraded MainSource Financial Group from a buy rating to a hold rating in a report on Friday.

Shares of MainSource Financial Group (NASDAQ MSFG) opened at $37.62 on Friday. MainSource Financial Group has a one year low of $30.82 and a one year high of $40.67. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $975.20, a P/E ratio of 21.13 and a beta of 0.92.

MainSource Financial Group (NASDAQ:MSFG) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). The firm had revenue of $50.43 million for the quarter, compared to the consensus estimate of $54.10 million. MainSource Financial Group had a net margin of 21.86% and a return on equity of 10.65%. analysts anticipate that MainSource Financial Group will post 2.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Monday, December 4th. This is an increase from MainSource Financial Group’s previous quarterly dividend of $0.17. MainSource Financial Group’s payout ratio is presently 18.54%.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of MainSource Financial Group by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,974,571 shares of the financial services provider’s stock valued at $66,168,000 after buying an additional 10,599 shares during the period. Vanguard Group Inc. lifted its holdings in shares of MainSource Financial Group by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,020,744 shares of the financial services provider’s stock valued at $34,205,000 after buying an additional 52,441 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of MainSource Financial Group by 42.9% in the 3rd quarter. Macquarie Group Ltd. now owns 587,676 shares of the financial services provider’s stock valued at $21,074,000 after buying an additional 176,297 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of MainSource Financial Group by 19.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 526,015 shares of the financial services provider’s stock valued at $18,863,000 after buying an additional 87,023 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of MainSource Financial Group by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 483,124 shares of the financial services provider’s stock valued at $16,190,000 after buying an additional 11,170 shares during the period. Institutional investors and hedge funds own 57.99% of the company’s stock.

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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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