MainSource Financial Group Inc. (NASDAQ:MSFG) has been assigned an average broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a buy recommendation to the company.
Brokers have set a 1 year consensus price target of $31.00 for the company and are anticipating that the company will post $0.52 EPS for the current quarter, according to Zacks. Zacks has also assigned MainSource Financial Group an industry rank of 32 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th.
In related news, Director Charles J. Thayer sold 5,715 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $34.19, for a total value of $195,395.85. Following the completion of the transaction, the director now directly owns 10,597 shares in the company, valued at approximately $362,311.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.49% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of 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. Trexquant Investment LP acquired a new position in shares of MainSource Financial Group during the fourth quarter valued at about $224,000. A.R.T. Advisors LLC acquired a new position in shares of MainSource Financial Group during the fourth quarter valued at about $247,000. Citadel Advisors LLC acquired a new position in shares of MainSource Financial Group during the third quarter valued at about $222,000. Finally, HL Financial Services LLC acquired a new position in shares of MainSource Financial Group during the third quarter valued at about $222,000. Institutional investors and hedge funds own 55.37% of the company’s stock.
Shares of MainSource Financial Group (NASDAQ:MSFG) traded down 0.35% on Thursday, hitting $33.96. 128,630 shares of the company’s stock traded hands. The company has a market cap of $820.07 million, a price-to-earnings ratio of 19.63 and a beta of 1.03. MainSource Financial Group has a 1-year low of $19.98 and a 1-year high of $35.64. The firm’s 50-day moving average price is $32.97 and its 200 day moving average price is $31.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, June 5th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This is a positive change from MainSource Financial Group’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 2.00%. MainSource Financial Group’s payout ratio is currently 39.26%.
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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