MainSource Financial Group, Inc. (MSFG) Shares Bought by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC increased its stake in MainSource Financial Group, Inc. (NASDAQ:MSFG) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,492 shares of the financial services provider’s stock after buying an additional 368 shares during the period. TIAA CREF Investment Management LLC owned 0.35% of MainSource Financial Group worth $2,749,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Advantage Investment Management LLC raised its stake in MainSource Financial Group by 757.9% in the first quarter. Advantage Investment Management LLC now owns 5,662 shares of the financial services provider’s stock valued at $186,000 after buying an additional 5,002 shares in the last quarter. Trexquant Investment LP raised its stake in MainSource Financial Group by 49.0% in the first quarter. Trexquant Investment LP now owns 9,686 shares of the financial services provider’s stock valued at $319,000 after buying an additional 3,186 shares in the last quarter. Independent Portfolio Consultants Inc. bought a new stake in MainSource Financial Group during the first quarter valued at $363,000. American International Group Inc. raised its stake in MainSource Financial Group by 7.0% in the first quarter. American International Group Inc. now owns 14,193 shares of the financial services provider’s stock valued at $467,000 after buying an additional 927 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in MainSource Financial Group during the fourth quarter valued at $806,000. 54.94% of the stock is owned by institutional investors and hedge funds.

Shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) opened at 32.57 on Friday. MainSource Financial Group, Inc. has a one year low of $21.91 and a one year high of $37.20. The company’s 50 day moving average price is $34.21 and its 200 day moving average price is $33.47. The stock has a market capitalization of $833.01 million, a price-to-earnings ratio of 17.74 and a beta of 0.92.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, August 30th. MainSource Financial Group’s payout ratio is presently 37.16%.

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Several research firms have recently weighed in on MSFG. Zacks Investment Research raised MainSource Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, May 3rd. Keefe, Bruyette & Woods lowered MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price objective for the company. in a research note on Friday, July 28th. BidaskClub lowered MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Stephens cut MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th.

About MainSource Financial Group

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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