Foundry Partners LLC Cuts Stake in MainSource Financial Group, Inc. (MSFG)

Foundry Partners LLC lessened its holdings in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) by 30.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,605 shares of the financial services provider’s stock after selling 66,590 shares during the quarter. Foundry Partners LLC owned approximately 0.58% of MainSource Financial Group worth $5,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in shares of MainSource Financial Group by 16.7% during 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 last quarter. ARP Americas LLC purchased a new position in shares of MainSource Financial Group during the 3rd quarter valued at about $4,308,000. Victory Capital Management Inc. lifted its position in shares of MainSource Financial Group by 26.1% during the 2nd quarter. Victory Capital Management Inc. now owns 56,557 shares of the financial services provider’s stock valued at $1,895,000 after buying an additional 11,691 shares in the last quarter. First Trust Advisors LP lifted its position in shares of MainSource Financial Group by 89.2% during the 2nd quarter. First Trust Advisors LP now owns 119,712 shares of the financial services provider’s stock valued at $4,012,000 after buying an additional 56,453 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of MainSource Financial Group by 6.9% during the 2nd quarter. Swiss National Bank now owns 40,100 shares of the financial services provider’s stock valued at $1,344,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 53.91% of the company’s stock.

MainSource Financial Group, Inc. (NASDAQ MSFG) traded up $0.49 on Wednesday, reaching $36.38. The company had a trading volume of 41,700 shares, compared to its average volume of 99,583. MainSource Financial Group, Inc. has a one year low of $28.08 and a one year high of $38.93. The stock has a market cap of $918.15, a PE ratio of 17.42 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.20.

MainSource Financial Group (NASDAQ:MSFG) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.01). MainSource Financial Group had a return on equity of 10.65% and a net margin of 21.86%. The company had revenue of $50.43 million during the quarter, compared to the consensus estimate of $54.10 million. sell-side analysts anticipate that MainSource Financial Group, Inc. will post 2.11 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be given a dividend of $0.18 per share. This is a positive change from MainSource Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, December 4th. MainSource Financial Group’s dividend payout ratio is currently 27.53%.

Several analysts recently issued reports on MSFG shares. Stephens downgraded MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th. BidaskClub downgraded MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods downgraded MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price objective on the stock. in a research note on Friday, July 28th.

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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.

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

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