MetLife Investment Advisors LLC Takes Position in MainSource Financial Group Inc. (MSFG)

MetLife Investment Advisors LLC acquired a new position in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,883 shares of the financial services provider’s stock, valued at approximately $431,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG boosted its holdings in MainSource Financial Group by 129.9% during the 4th quarter. Deutsche Bank AG now owns 250,427 shares of the financial services provider’s stock worth $9,091,000 after acquiring an additional 141,483 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in MainSource Financial Group by 158.8% during the 4th quarter. Wolverine Asset Management LLC now owns 4,614 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 2,831 shares during the last quarter. BlackRock Inc. boosted its holdings in MainSource Financial Group by 2.6% during the 4th quarter. BlackRock Inc. now owns 1,712,947 shares of the financial services provider’s stock worth $62,200,000 after acquiring an additional 43,094 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in MainSource Financial Group by 10.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 122,253 shares of the financial services provider’s stock worth $4,384,000 after acquiring an additional 11,364 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in MainSource Financial Group by 34.2% during the 3rd quarter. Wells Fargo & Company MN now owns 53,909 shares of the financial services provider’s stock worth $1,933,000 after acquiring an additional 13,724 shares during the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have issued reports on MSFG. BidaskClub raised shares of MainSource Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. Zacks Investment Research downgraded shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.



In other MainSource Financial Group news, Director Vince Berta bought 1,000 shares of the stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $38.20 per share, for a total transaction of $38,200.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Chris M. Harrison sold 4,106 shares of MainSource Financial Group stock in a transaction 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 sale, the executive vice president now owns 10,605 shares in the company, valued at $421,124.55. The disclosure for this sale can be found here. Insiders own 4.79% of the company’s stock.

MSFG opened at $40.65 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.08. The firm has a market cap of $1,040.83, a price-to-earnings ratio of 19.17 and a beta of 0.88. MainSource Financial Group Inc. has a 1 year low of $31.26 and a 1 year high of $41.07.

MainSource Financial Group (NASDAQ:MSFG) last released its earnings results on Friday, January 26th. The financial services provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The business had revenue of $51.48 million for the quarter. MainSource Financial Group had a return on equity of 10.64% and a net margin of 23.33%. analysts expect that MainSource Financial Group Inc. will post 2.62 EPS for the current fiscal year.

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MainSource Financial Group Company Profile

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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