Ronald Blue & Co. LLC increased its stake in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) by 32.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,337 shares of the financial services provider’s stock after buying an additional 13,191 shares during the period. Ronald Blue & Co. LLC owned approximately 0.22% of MainSource Financial Group worth $1,756,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in MSFG. Advantage Investment Management LLC raised its position in shares of MainSource Financial Group by 757.9% in the first quarter. Advantage Investment Management LLC now owns 5,662 shares of the financial services provider’s stock valued at $186,000 after buying an additional 5,002 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of MainSource Financial Group during the third quarter valued at $222,000. Trexquant Investment LP bought a new position in shares of MainSource Financial Group during the fourth quarter valued at $224,000. A.R.T. Advisors LLC bought a new position in shares of MainSource Financial Group during the fourth quarter valued at $247,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of MainSource Financial Group during the fourth quarter valued at $337,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.
Shares of MainSource Financial Group Inc. (NASDAQ:MSFG) traded down 0.58% during trading on Friday, hitting $32.50. 97,734 shares of the stock traded hands. The firm has a market cap of $784.81 million, a price-to-earnings ratio of 19.82 and a beta of 1.03. The company has a 50 day moving average price of $33.18 and a 200 day moving average price of $32.41. MainSource Financial Group Inc. has a 12 month low of $19.98 and a 12 month high of $35.64.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, June 5th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.08%. This is a boost from MainSource Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, June 1st. MainSource Financial Group’s dividend payout ratio (DPR) is currently 39.26%.
Separately, Zacks Investment Research upgraded shares of MainSource Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, May 3rd.
In other news, Director Charles J. Thayer sold 5,715 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $34.19, for a total value of $195,395.85. Following the completion of the sale, the director now directly owns 10,597 shares of the company’s stock, valued at approximately $362,311.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.49% of the company’s stock.
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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