LSV Asset Management Sells 86,200 Shares of MainSource Financial Group Inc. (MSFG)

LSV Asset Management lowered its position in MainSource Financial Group Inc. (NASDAQ:MSFG) by 29.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,142 shares of the financial services provider’s stock after selling 86,200 shares during the quarter. LSV Asset Management owned approximately 0.81% of MainSource Financial Group worth $8,420,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Summit Global Investments purchased a new stake in shares of MainSource Financial Group during the 1st quarter worth approximately $602,000. Bedel Financial Consulting Inc. lifted its position in shares of MainSource Financial Group by 23.2% during the 1st quarter. Bedel Financial Consulting Inc. now owns 7,968 shares of the financial services provider’s stock worth $324,000 after buying an additional 1,500 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of MainSource Financial Group by 46.2% during the 1st quarter. SG Americas Securities LLC now owns 47,191 shares of the financial services provider’s stock worth $1,918,000 after buying an additional 14,902 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of MainSource Financial Group during the 1st quarter worth approximately $869,000. Finally, Hilton Capital Management LLC lifted its position in shares of MainSource Financial Group by 11.8% during the 4th quarter. Hilton Capital Management LLC now owns 515,432 shares of the financial services provider’s stock worth $18,715,000 after buying an additional 54,221 shares during the last quarter. Institutional investors own 58.53% of the company’s stock.

MSFG has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. BidaskClub upgraded shares of MainSource Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 21st.

MSFG stock opened at $40.65 on Friday. MainSource Financial Group Inc. has a 12 month low of $31.26 and a 12 month high of $41.07. The firm has a market capitalization of $1.04 billion, a P/E ratio of 19.17 and a beta of 0.88. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.08.

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.

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Institutional Ownership by Quarter for MainSource Financial Group (NASDAQ:MSFG)

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