MainSource Financial Group, Inc. (MSFG) Position Cut by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its position in MainSource Financial Group, Inc. (NASDAQ:MSFG) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,178 shares of the financial services provider’s stock after selling 172 shares during the period. Brandywine Global Investment Management LLC’s holdings in MainSource Financial Group were worth $275,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in MainSource Financial Group by 16.7% in the second quarter. Advisors Asset Management Inc. now owns 31,626 shares of the financial services provider’s stock valued at $1,060,000 after buying an additional 4,535 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of MainSource Financial Group by 65.9% during the first quarter. Bank of New York Mellon Corp now owns 231,966 shares of the financial services provider’s stock valued at $7,639,000 after purchasing an additional 92,105 shares during the period. Victory Capital Management Inc. raised its holdings in shares of MainSource Financial Group by 26.1% during the second quarter. Victory Capital Management Inc. now owns 56,557 shares of the financial services provider’s stock valued at $1,895,000 after purchasing an additional 11,691 shares during the period. First Trust Advisors LP raised its holdings in shares of MainSource Financial Group by 89.2% during the second quarter. First Trust Advisors LP now owns 119,712 shares of the financial services provider’s stock valued at $4,012,000 after purchasing an additional 56,453 shares during the period. Finally, LSV Asset Management raised its holdings in shares of MainSource Financial Group by 5.0% during the second quarter. LSV Asset Management now owns 370,764 shares of the financial services provider’s stock valued at $12,424,000 after purchasing an additional 17,810 shares during the period. Institutional investors and hedge funds own 58.22% of the company’s stock.

Several equities analysts have recently weighed in on MSFG shares. Stephens lowered shares of MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 26th. BidaskClub lowered shares of MainSource Financial Group from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research upgraded shares of MainSource Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods lowered shares of MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price objective on the stock. in a report on Friday, July 28th.

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MainSource Financial Group, Inc. (MSFG) opened at 36.66 on Wednesday. The stock’s 50 day moving average is $34.10 and its 200 day moving average is $33.62. MainSource Financial Group, Inc. has a one year low of $23.84 and a one year high of $37.20. The firm has a market cap of $937.62 million, a price-to-earnings ratio of 19.97 and a beta of 0.94.

MainSource Financial Group (NASDAQ:MSFG) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. MainSource Financial Group had a net margin of 22.93% and a return on equity of 10.61%. The company had revenue of $49.04 million during the quarter, compared to analysts’ expectations of $46.40 million. On average, analysts predict that MainSource Financial Group, Inc. will post $2.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.85%. MainSource Financial Group’s dividend payout ratio (DPR) is currently 37.16%.

MainSource Financial Group 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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Institutional Ownership by Quarter for MainSource Financial Group (NASDAQ:MSFG)

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