Dynamic Technology Lab Private Ltd acquired a new position in MainSource Financial Group, Inc. (NASDAQ:MSFG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,958 shares of the financial services provider’s stock, valued at approximately $233,000.

A number of other large investors have also added to or reduced their stakes in the business. Alps Advisors Inc. raised its position in MainSource Financial Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,225 shares of the financial services provider’s stock worth $477,000 after acquiring an additional 36 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in MainSource Financial Group by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,918 shares of the financial services provider’s stock worth $466,000 after acquiring an additional 68 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in MainSource Financial Group by 0.4% in the first quarter. TIAA CREF Investment Management LLC now owns 83,492 shares of the financial services provider’s stock worth $2,749,000 after acquiring an additional 368 shares in the last quarter. Strs Ohio raised its position in MainSource Financial Group by 2.1% in the second quarter. Strs Ohio now owns 24,500 shares of the financial services provider’s stock worth $820,000 after acquiring an additional 500 shares in the last quarter. Finally, Legal & General Group Plc raised its position in MainSource Financial Group by 9.7% in the second quarter. Legal & General Group Plc now owns 6,058 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 536 shares in the last quarter. Hedge funds and other institutional investors own 57.75% of the company’s stock.

MainSource Financial Group, Inc. (NASDAQ MSFG) opened at 37.69 on Wednesday. The stock has a market cap of $963.96 million, a PE ratio of 20.53 and a beta of 0.94. MainSource Financial Group, Inc. has a 52-week low of $23.84 and a 52-week high of $38.93. The firm has a 50-day moving average price of $35.97 and a 200 day moving average price of $34.16.

MainSource Financial Group (NASDAQ:MSFG) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $50.43 million for the quarter, compared to the consensus estimate of $54.10 million. MainSource Financial Group had a net margin of 21.86% and a return on equity of 10.93%. Equities analysts anticipate that MainSource Financial Group, Inc. will post $2.05 earnings per share for the current year.

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MSFG has been the subject of several research analyst 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. Stephens cut MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th. BidaskClub cut MainSource Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research upgraded MainSource Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th.

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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Institutional Ownership by Quarter for MainSource Financial Group (NASDAQ:MSFG)

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