Systematic Financial Management LP Takes Position in MainSource Financial Group, Inc. (MSFG)

Systematic Financial Management LP acquired a new position in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 51,110 shares of the financial services provider’s stock, valued at approximately $1,713,000. Systematic Financial Management LP owned approximately 0.20% of MainSource Financial Group at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in MainSource Financial Group by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 40,185 shares of the financial services provider’s stock valued at $1,347,000 after acquiring an additional 1,067 shares during the period. LSV Asset Management increased its position in MainSource Financial Group by 5.0% in the 2nd quarter. LSV Asset Management now owns 370,764 shares of the financial services provider’s stock valued at $12,424,000 after acquiring an additional 17,810 shares during the period. Seizert Capital Partners LLC increased its position in MainSource Financial Group by 2.0% in the 2nd quarter. Seizert Capital Partners LLC now owns 55,341 shares of the financial services provider’s stock valued at $1,854,000 after acquiring an additional 1,082 shares during the period. Swiss National Bank increased its position in MainSource Financial Group by 6.9% in the 2nd quarter. Swiss National Bank now owns 40,100 shares of the financial services provider’s stock valued at $1,344,000 after acquiring an additional 2,600 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in MainSource Financial Group in the 2nd quarter valued at approximately $201,000. Institutional investors and hedge funds own 58.22% of the company’s stock.

Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of MainSource Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods cut shares of MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price target for the company. in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of MainSource Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Stephens cut shares of MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th.

Shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) opened at 33.75 on Friday. The stock’s 50 day moving average is $33.71 and its 200 day moving average is $33.40. The firm has a market capitalization of $863.19 million, a PE ratio of 18.38 and a beta of 0.93. MainSource Financial Group, Inc. has a 52-week low of $23.84 and a 52-week high of $37.20.

MainSource Financial Group (NASDAQ:MSFG) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $46.40 million. On average, equities research analysts forecast that MainSource Financial Group, Inc. will post $2.05 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Wednesday, August 30th. MainSource Financial Group’s payout ratio is 37.16%.

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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.

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

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