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 the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $39.71, for a total transaction 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 document filed with the SEC, which is available at this hyperlink.

MainSource Financial Group Inc. (NASDAQ:MSFG) traded down $0.20 during trading on Thursday, hitting $38.40. 24,537 shares of the stock traded hands, compared to its average volume of 114,138. The company has a market cap of $972.27, a price-to-earnings ratio of 19.90 and a beta of 0.92. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. MainSource Financial Group Inc. has a 12-month low of $30.82 and a 12-month high of $40.84.

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

A number of institutional investors and hedge funds have recently made changes to their positions in MSFG. Macquarie Group Ltd. bought a new stake in MainSource Financial Group during the 2nd quarter valued at about $13,785,000. Magnetar Financial LLC bought a new stake in MainSource Financial Group during the 3rd quarter valued at about $14,000,000. ARP Americas LLC bought a new stake in MainSource Financial Group during the 3rd quarter valued at about $4,308,000. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 87,023 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings 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 buying an additional 52,441 shares in the last quarter. Institutional investors own 58.08% of the company’s stock.

Several equities research analysts have recently issued reports 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 target price for the company in a report on Saturday, December 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.50 target price on shares of MainSource Financial Group in a report on Friday, December 22nd. Finally, BidaskClub lowered shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Friday, December 22nd.

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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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