MainSource Financial Group Inc. (MSFG) Director Vince Berta Purchases 1,000 Shares

MainSource Financial Group Inc. (NASDAQ:MSFG) Director Vince Berta acquired 1,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $38.20 per share, for a total transaction of $38,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

MainSource Financial Group Inc. (MSFG) opened at $38.60 on Thursday. 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 current ratio of 0.93 and a quick ratio of 0.92. The stock has a market capitalization of $972.27, a price-to-earnings ratio of 19.90 and a beta of 0.92.

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

A number of institutional investors have recently modified their holdings of the stock. Legal & General Group Plc raised its stake in MainSource Financial Group by 9.7% during the 2nd quarter. Legal & General Group Plc now owns 6,058 shares of the financial services provider’s stock worth $203,000 after buying an additional 536 shares during the period. Voya Investment Management LLC raised its stake in shares of MainSource Financial Group by 5.9% in the 2nd quarter. Voya Investment Management LLC now owns 16,621 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 919 shares during the period. Wells Fargo & Company MN raised its stake in shares of MainSource Financial Group by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 40,185 shares of the financial services provider’s stock valued at $1,347,000 after purchasing an additional 1,067 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of MainSource Financial Group by 1.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 110,889 shares of the financial services provider’s stock valued at $3,716,000 after purchasing an additional 1,286 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of MainSource Financial Group by 4.1% in the 2nd quarter. California Public Employees Retirement System now owns 42,853 shares of the financial services provider’s stock valued at $1,436,000 after purchasing an additional 1,700 shares during the period. 58.08% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on MSFG shares. Zacks Investment Research upgraded MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research report on Saturday, December 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.50 price target on shares of MainSource Financial Group in a research report 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.

WARNING: “MainSource Financial Group Inc. (MSFG) Director Vince Berta Purchases 1,000 Shares” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://sportsperspectives.com/2018/02/08/mainsource-financial-group-inc-msfg-director-vince-berta-purchases-1000-shares.html.

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.

Receive News & Ratings for MainSource Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainSource Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply