MainSource Financial Group Inc. (NASDAQ:msfg) announced a quarterly dividend on Thursday, October 27th. Shareholders of record on Monday, December 5th will be given a dividend of 0.16 per share by the financial services provider on Thursday, December 15th. This represents a $0.64 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, December 1st. This is a positive change from MainSource Financial Group’s previous quarterly dividend of $0.15.
Shares of MainSource Financial Group (NASDAQ:MSFG) opened at 29.90 on Friday. The firm has a 50-day moving average price of $26.59 and a 200-day moving average price of $23.78. The company has a market cap of $718.59 million, a P/E ratio of 19.18 and a beta of 0.98. MainSource Financial Group has a 1-year low of $19.46 and a 1-year high of $30.74.
Separately, Keefe, Bruyette & Woods boosted their price target on MainSource Financial Group from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, August 26th.
In related news, Director William G. Barron bought 3,130 shares of the stock in a transaction dated Monday, August 29th. The shares were purchased at an average price of $23.45 per share, for a total transaction of $73,398.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.49% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of MSFG. SG Americas Securities LLC bought a new stake in shares of MainSource Financial Group during the third quarter worth approximately $135,000. BlackRock Inc. increased its stake in shares of MainSource Financial Group by 209.8% in the second quarter. BlackRock Inc. now owns 5,465 shares of the financial services provider’s stock worth $120,000 after buying an additional 3,701 shares during the last quarter. BlackRock Group LTD increased its stake in shares of MainSource Financial Group by 83.1% in the third quarter. BlackRock Group LTD now owns 5,679 shares of the financial services provider’s stock worth $141,000 after buying an additional 2,577 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of MainSource Financial Group during the second quarter worth approximately $239,000. Finally, BlackRock Advisors LLC increased its stake in shares of MainSource Financial Group by 13.8% in the second quarter. BlackRock Advisors LLC now owns 11,690 shares of the financial services provider’s stock worth $258,000 after buying an additional 1,422 shares during the last quarter. Hedge funds and other institutional investors own 55.33% of the company’s stock.
MainSource Financial Group Company Profile