Wellington Management Group LLP lowered its position in MainSource Financial Group, Inc. (NASDAQ:MSFG) by 25.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,401 shares of the financial services provider’s stock after selling 4,473 shares during the period. Wellington Management Group LLP owned 0.06% of MainSource Financial Group worth $441,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MSFG. Advantage Investment Management LLC boosted its stake in MainSource Financial Group by 757.9% in the first quarter. Advantage Investment Management LLC now owns 5,662 shares of the financial services provider’s stock worth $186,000 after buying an additional 5,002 shares during the last quarter. Trexquant Investment LP boosted its stake in MainSource Financial Group by 49.0% in the first quarter. Trexquant Investment LP now owns 9,686 shares of the financial services provider’s stock worth $319,000 after buying an additional 3,186 shares during the last quarter. Independent Portfolio Consultants Inc. purchased a new stake in MainSource Financial Group during the first quarter worth approximately $363,000. American International Group Inc. boosted its stake in MainSource Financial Group by 7.0% in the first quarter. American International Group Inc. now owns 14,193 shares of the financial services provider’s stock worth $467,000 after buying an additional 927 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in MainSource Financial Group during the fourth quarter worth approximately $806,000. Institutional investors own 54.82% of the company’s stock.
Shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) opened at 35.03 on Thursday. The company has a market cap of $845.90 million, a PE ratio of 20.24 and a beta of 0.91. The firm’s 50-day moving average is $33.53 and its 200-day moving average is $33.27. MainSource Financial Group, Inc. has a 1-year low of $21.82 and a 1-year high of $37.20.
MainSource Financial Group (NASDAQ:MSFG) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. MainSource Financial Group had a return on equity of 10.30% and a net margin of 22.05%. The company had revenue of $49.04 million during the quarter, compared to analysts’ expectations of $46.40 million. On average, equities analysts forecast that MainSource Financial Group, Inc. will post $2.12 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This news story was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/07/27/mainsource-financial-group-inc-msfg-stake-reduced-by-wellington-management-group-llp.html.
A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of MainSource Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, May 3rd. BidaskClub cut shares of MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Stephens cut shares of MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday.
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.
Want to see what other hedge funds are holding MSFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MainSource Financial Group, Inc. (NASDAQ:MSFG).
Receive News & Ratings for MainSource Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainSource Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
