Today, MainSource Financial Group Inc. (msfg) to Issue Quarterly Dividend of $0.16 on December 15th

Today, MainSource Financial Group Inc. (msfg) to Issue Quarterly Dividend of $0.16 on  December 15th

MainSource Financial Group Inc. (NASDAQ:msfg) declared a quarterly dividend on Thursday, October 27th. Stockholders of record on Monday, December 5th will be paid 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 dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, December 1st. This is a boost from MainSource Financial Group’s previous quarterly dividend of $0.15.

MainSource Financial Group (NASDAQ:MSFG) opened at 29.90 on Friday. MainSource Financial Group has a 12 month low of $19.46 and a 12 month high of $30.74. The stock’s 50 day moving average price is $26.59 and its 200-day moving average price is $23.78. The firm has a market capitalization of $718.59 million, a P/E ratio of 19.18 and a beta of 0.98.

Separately, Keefe, Bruyette & Woods raised their price target on shares of MainSource Financial Group from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 26th.

In other news, Director William G. Barron acquired 3,130 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was acquired at an average cost of $23.45 per share, with a total value of $73,398.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.49% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management Inc. boosted its stake in MainSource Financial Group by 0.4% in the second quarter. Bridgeway Capital Management Inc. now owns 109,625 shares of the financial services provider’s stock valued at $2,417,000 after buying an additional 475 shares during the period. Allianz Asset Management AG boosted its stake in MainSource Financial Group by 1.5% in the second quarter. Allianz Asset Management AG now owns 117,165 shares of the financial services provider’s stock valued at $2,584,000 after buying an additional 1,729 shares during the period. State Street Corp boosted its stake in MainSource Financial Group by 1.8% in the second quarter. State Street Corp now owns 402,868 shares of the financial services provider’s stock valued at $8,880,000 after buying an additional 7,255 shares during the period. Ativo Capital Management LLC boosted its stake in MainSource Financial Group by 52.1% in the second quarter. Ativo Capital Management LLC now owns 40,011 shares of the financial services provider’s stock valued at $882,000 after buying an additional 13,698 shares during the period. Finally, Teachers Advisors Inc. boosted its stake in MainSource Financial Group by 18.3% in the second quarter. Teachers Advisors Inc. now owns 36,777 shares of the financial services provider’s stock valued at $811,000 after buying an additional 5,692 shares during the period. 55.33% of the stock is owned by institutional investors and hedge funds.

MainSource Financial Group Company Profile

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