MainSource Financial Group, Inc. (NASDAQ:MSFG) – Investment analysts at FIG Partners issued their FY2018 earnings estimates for MainSource Financial Group in a research note issued on Monday. FIG Partners analyst B. Martin anticipates that the brokerage will post earnings per share of $2.27 for the year.
MainSource Financial Group (NASDAQ:MSFG) remained flat at $33.32 during trading on Wednesday. 52,818 shares of the stock were exchanged. MainSource Financial Group has a 12 month low of $19.46 and a 12 month high of $34.75. The firm has a market capitalization of $800.78 million, a PE ratio of 21.37 and a beta of 1.04. The firm’s 50-day moving average price is $32.37 and its 200 day moving average price is $25.92.
A number of institutional investors have recently bought and sold shares of MSFG. BlackRock Investment Management LLC raised its position in MainSource Financial Group by 17.1% in the second quarter. BlackRock Investment Management LLC now owns 97,974 shares of the financial services provider’s stock valued at $2,160,000 after buying an additional 14,341 shares during the last quarter. BlackRock Advisors LLC raised its position in MainSource Financial Group by 13.8% in the second quarter. BlackRock Advisors LLC now owns 11,690 shares of the financial services provider’s stock valued at $258,000 after buying an additional 1,422 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in MainSource Financial Group during the second quarter valued at $230,000. Vanguard Group Inc. raised its position in 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. Finally, Prudential Financial Inc. raised its position in MainSource Financial Group by 5.2% in the second quarter. Prudential Financial Inc. now owns 166,757 shares of the financial services provider’s stock valued at $3,677,000 after buying an additional 8,300 shares during the last quarter. Institutional investors own 55.11% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Monday, December 5th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $0.64 annualized dividend and a yield of 1.92%. This is a positive change from MainSource Financial Group’s previous quarterly dividend of $0.15. MainSource Financial Group’s dividend payout ratio is presently 40.76%.
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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