Insider Selling: MainSource Financial Group Inc. (MSFG) EVP Sells 4,106 Shares of Stock

MainSource Financial Group Inc. (NASDAQ:MSFG) EVP Chris M. Harrison sold 4,106 shares of MainSource Financial Group 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 sale, the executive vice president now owns 10,605 shares of the company’s stock, valued at approximately $421,124.55. The sale was disclosed in a document filed with the SEC, which is available through this link.

MainSource Financial Group Inc. (NASDAQ MSFG) traded down $0.20 during midday trading on Thursday, reaching $38.40. 24,537 shares of the company’s stock were exchanged, compared to its average volume of 114,138. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. The stock has a market cap of $972.27, a P/E ratio of 19.90 and a beta of 0.92. MainSource Financial Group Inc. has a 1-year low of $30.82 and a 1-year high of $40.84.

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

A number of equities research analysts recently weighed in on MSFG shares. Zacks Investment Research upgraded shares of MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a report on Saturday, December 30th. BidaskClub lowered shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $44.50 price objective on shares of MainSource Financial Group in a report on Friday, December 22nd.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in MainSource Financial Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,974,571 shares of the financial services provider’s stock valued at $66,168,000 after purchasing an additional 10,599 shares during the period. Vanguard Group Inc. increased its position in MainSource Financial Group by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,020,744 shares of the financial services provider’s stock valued at $34,205,000 after purchasing an additional 52,441 shares during the period. Macquarie Group Ltd. increased its position in MainSource Financial Group by 42.9% during the 3rd quarter. Macquarie Group Ltd. now owns 587,676 shares of the financial services provider’s stock valued at $21,074,000 after purchasing an additional 176,297 shares during the period. JPMorgan Chase & Co. increased its position in MainSource Financial Group by 19.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 526,015 shares of the financial services provider’s stock valued at $18,863,000 after purchasing an additional 87,023 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in MainSource Financial Group by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 483,124 shares of the financial services provider’s stock valued at $16,190,000 after purchasing an additional 11,170 shares during the period. 58.08% of the stock is currently owned by institutional investors and hedge funds.

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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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