Cornerstone Capital Management Holdings LLC. decreased its holdings in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) by 86.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,530 shares of the financial services provider’s stock after selling 34,600 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in MainSource Financial Group were worth $185,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in MainSource Financial Group by 1,411.3% during the second quarter. BNP Paribas Arbitrage SA now owns 3,204 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,992 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of MainSource Financial Group in the second quarter valued at $147,000. SG Americas Securities LLC acquired a new stake in shares of MainSource Financial Group in the second quarter valued at $156,000. River Oaks Capital LLC acquired a new stake in shares of MainSource Financial Group in the second quarter valued at $166,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of MainSource Financial Group in the second quarter valued at $168,000. 57.75% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on MSFG. BidaskClub raised MainSource Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods cut MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price objective for the company. in a research note on Friday, July 28th. Zacks Investment Research raised MainSource Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Stephens cut MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th.
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MainSource Financial Group, Inc. (NASDAQ MSFG) opened at 37.61 on Tuesday. MainSource Financial Group, Inc. has a 1-year low of $23.84 and a 1-year high of $38.93. The company’s 50-day moving average price is $35.84 and its 200 day moving average price is $34.13. The firm has a market capitalization of $961.91 million, a PE ratio of 20.48 and a beta of 0.93.
MainSource Financial Group (NASDAQ:MSFG) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). MainSource Financial Group had a net margin of 21.86% and a return on equity of 10.93%. The company had revenue of $50.43 million during the quarter, compared to analyst estimates of $54.10 million. On average, equities analysts anticipate that MainSource Financial Group, Inc. will post $2.05 EPS for the current year.
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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