ARP Americas LP boosted its holdings in MainSource Financial Group Inc. (NASDAQ:MSFG) by 29.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155,946 shares of the financial services provider’s stock after acquiring an additional 35,824 shares during the period. MainSource Financial Group accounts for about 1.6% of ARP Americas LP’s portfolio, making the stock its 12th largest holding. ARP Americas LP’s holdings in MainSource Financial Group were worth $5,662,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. acquired a new position in MainSource Financial Group during the second quarter worth $168,000. Aperio Group LLC acquired a new position in MainSource Financial Group during the fourth quarter worth $203,000. Meeder Asset Management Inc. lifted its stake in MainSource Financial Group by 196.4% during the third quarter. Meeder Asset Management Inc. now owns 5,887 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 3,901 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in MainSource Financial Group during the second quarter worth $222,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in MainSource Financial Group during the second quarter worth $233,000. Hedge funds and other institutional investors own 57.46% of the company’s stock.
In other news, EVP Chris M. Harrison sold 4,106 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $39.71, for a total transaction of $163,049.26. Following the sale, the executive vice president now owns 10,605 shares of the company’s stock, valued at $421,124.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vince Berta acquired 1,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $38.20 per share, for a total transaction of $38,200.00. The disclosure for this purchase can be found here. 4.79% of the stock is currently owned by corporate insiders.
Shares of MainSource Financial Group Inc. (MSFG) opened at $39.94 on Monday. MainSource Financial Group Inc. has a 12-month low of $30.82 and a 12-month high of $40.84. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market capitalization of $1,021.90, a price-to-earnings ratio of 20.59 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 analysts’ consensus estimates 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. research analysts forecast that MainSource Financial Group Inc. will post 2.62 EPS for the current fiscal year.
A number of research firms have commented on MSFG. Zacks Investment Research upgraded MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research note on Saturday, December 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $44.50 price target on shares of MainSource Financial Group in a research note on Friday, December 22nd. Finally, BidaskClub lowered MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd.
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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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