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.
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.
ILLEGAL ACTIVITY NOTICE: “Insider Selling: MainSource Financial Group Inc. (MSFG) EVP Sells 4,106 Shares of Stock” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/08/insider-selling-mainsource-financial-group-inc-msfg-evp-sells-4106-shares-of-stock.html.
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.
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.