Chris M. Harrison Sells 4,106 Shares of MainSource Financial Group Inc. (MSFG) Stock

MainSource Financial Group Inc. (NASDAQ:MSFG) EVP Chris M. Harrison sold 4,106 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $39.71, for a total value of $163,049.26. Following the completion of the sale, the executive vice president now owns 10,605 shares of the company’s stock, valued at approximately $421,124.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of MainSource Financial Group Inc. (MSFG) opened at $38.31 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.93 and a quick ratio of 0.92. MainSource Financial Group Inc. has a 12-month low of $30.82 and a 12-month high of $40.84. The firm has a market capitalization of $958.96, a P/E ratio of 17.76 and a beta of 0.92.

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

MSFG has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 price objective on shares of MainSource Financial Group in a research report on Wednesday, November 1st. BidaskClub downgraded MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research upgraded MainSource Financial Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Saturday, December 30th.

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. bought a new stake in MainSource Financial Group in the second quarter valued at approximately $168,000. Principal Financial Group Inc. bought a new position in shares of MainSource Financial Group during the second quarter valued at approximately $201,000. Legal & General Group Plc raised its holdings in shares of MainSource Financial Group by 9.7% during the second quarter. Legal & General Group Plc now owns 6,058 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 536 shares in the last quarter. Aperio Group LLC bought a new position in shares of MainSource Financial Group during the fourth quarter valued at approximately $203,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of 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 valued at $211,000 after acquiring an additional 3,901 shares in the last quarter. Hedge funds and other institutional investors own 58.08% of the company’s stock.

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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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