MainSource Financial Group Inc. (MSFG) Shares Sold by LSV Asset Management

LSV Asset Management lessened its holdings in MainSource Financial Group Inc. (NASDAQ:MSFG) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 293,342 shares of the financial services provider’s stock after selling 17,522 shares during the quarter. LSV Asset Management owned about 1.15% of MainSource Financial Group worth $10,651,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MSFG. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new stake in shares of MainSource Financial Group in the 4th quarter valued at about $866,000. Schwab Charles Investment Management Inc. raised its holdings in shares of MainSource Financial Group by 6.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 129,547 shares of the financial services provider’s stock valued at $4,704,000 after purchasing an additional 7,294 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of MainSource Financial Group by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 45,331 shares of the financial services provider’s stock valued at $1,626,000 after purchasing an additional 2,478 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of MainSource Financial Group in the 3rd quarter valued at about $386,000. Finally, Magnetar Financial LLC bought a new stake in shares of MainSource Financial Group in the 3rd quarter valued at about $14,000,000. 57.46% of the stock is owned by institutional investors and hedge funds.

MainSource Financial Group Inc. (MSFG) traded up $0.48 on Friday, hitting $39.94. 109,182 shares of the company traded hands, compared to its average volume of 112,835. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.92 and a current ratio of 0.93. MainSource Financial Group Inc. has a 1 year low of $30.82 and a 1 year high of $40.84. The firm has a market cap of $1,021.90, a PE ratio of 18.93 and a beta of 0.92.

MainSource Financial Group (NASDAQ:MSFG) last posted its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). MainSource Financial Group had a return on equity of 10.81% and a net margin of 23.33%. The company had revenue of $51.48 million for the quarter. analysts forecast that MainSource Financial Group Inc. will post 2.62 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on MSFG shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 price objective on shares of MainSource Financial Group in a research report on Wednesday, November 1st. BidaskClub downgraded shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised shares of MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research report on Saturday, December 30th.

In other news, Director Vince Berta acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $38.20 per share, with a total value of $38,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chris M. Harrison sold 4,106 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.71, for a total transaction of $163,049.26. Following the completion of the sale, the executive vice president now directly owns 10,605 shares of the company’s stock, valued at approximately $421,124.55. The disclosure for this sale can be found here. 4.79% of the stock is owned by corporate insiders.

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MainSource Financial Group Company 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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