State Board of Administration of Florida Retirement System Sells 136 Shares of MainSource Financial Group Inc. (MSFG)
State Board of Administration of Florida Retirement System lowered its stake in MainSource Financial Group Inc. (NASDAQ:MSFG) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,747 shares of the financial services provider’s stock after selling 136 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.09% of MainSource Financial Group worth $480,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Eqis Capital Management Inc. acquired a new stake in shares of MainSource Financial Group during the second quarter valued at $218,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of MainSource Financial Group during the second quarter valued at $294,000. Emerald Acquisition Ltd. acquired a new stake in shares of MainSource Financial Group during the second quarter valued at $388,000. Pinnacle Holdings LLC increased its stake in shares of MainSource Financial Group by 5.0% in the first quarter. Pinnacle Holdings LLC now owns 21,040 shares of the financial services provider’s stock valued at $444,000 after buying an additional 1,001 shares during the period. Finally, Strs Ohio increased its stake in shares of MainSource Financial Group by 2.5% in the second quarter. Strs Ohio now owns 32,300 shares of the financial services provider’s stock valued at $712,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 54.30% of the company’s stock.
MainSource Financial Group Inc. (NASDAQ:MSFG) traded down 1.05% on Friday, reaching $25.40. 17,850 shares of the company traded hands. The company has a 50-day moving average price of $24.01 and a 200-day moving average price of $22.44. MainSource Financial Group Inc. has a 12 month low of $19.46 and a 12 month high of $25.76. The company has a market capitalization of $609.75 million, a P/E ratio of 17.07 and a beta of 0.92.
MainSource Financial Group (NASDAQ:MSFG) last released its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. MainSource Financial Group had a net margin of 19.76% and a return on equity of 9.32%. Equities research analysts expect that MainSource Financial Group Inc. will post $1.82 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.34%. The ex-dividend date was Tuesday, August 30th. MainSource Financial Group’s dividend payout ratio (DPR) is 39.74%.
Several research firms recently issued reports on MSFG. Zacks Investment Research cut shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. 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 report on Friday, August 26th.
In related news, Director William G. Barron bought 3,130 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was bought at an average price of $23.45 per share, with a total value of $73,398.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.49% of the company’s stock.
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.
Want to see what other hedge funds are holding MSFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MainSource Financial Group Inc. (NASDAQ:MSFG).
Receive News & Ratings for MainSource Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainSource Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.