PL Capital Advisors LLC Has $7,761,000 Stake in MainSource Financial Group, Inc. (NASDAQ:MSFG)

PL Capital Advisors LLC maintained its position in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) during the second quarter, Holdings Channel reports. The institutional investor owned 231,616 shares of the financial services provider’s stock at the end of the second quarter. MainSource Financial Group makes up approximately 2.0% of PL Capital Advisors LLC’s portfolio, making the stock its 16th largest position. PL Capital Advisors LLC’s holdings in MainSource Financial Group were worth $7,761,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MSFG. Dimensional Fund Advisors LP increased its position in shares of MainSource Financial Group by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,963,972 shares of the financial services provider’s stock valued at $64,674,000 after buying an additional 60,419 shares during the period. Vanguard Group Inc. increased its position in shares of MainSource Financial Group by 2.8% in the first quarter. Vanguard Group Inc. now owns 968,303 shares of the financial services provider’s stock valued at $31,885,000 after buying an additional 26,022 shares during the period. Hilton Capital Management LLC increased its position in shares of MainSource Financial Group by 14.5% in the first quarter. Hilton Capital Management LLC now owns 452,714 shares of the financial services provider’s stock valued at $14,908,000 after buying an additional 57,439 shares during the period. State Street Corp increased its position in shares of MainSource Financial Group by 0.5% in the first quarter. State Street Corp now owns 431,928 shares of the financial services provider’s stock valued at $14,223,000 after buying an additional 2,146 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of MainSource Financial Group by 6.9% in the first quarter. Renaissance Technologies LLC now owns 324,400 shares of the financial services provider’s stock valued at $10,682,000 after buying an additional 21,000 shares during the period. 54.53% of the stock is currently owned by institutional investors.

MainSource Financial Group, Inc. (MSFG) opened at 35.05 on Thursday. MainSource Financial Group, Inc. has a 52-week low of $21.91 and a 52-week high of $37.20. The stock’s 50 day moving average price is $33.99 and its 200-day moving average price is $33.45. The company has a market cap of $896.40 million, a P/E ratio of 19.09 and a beta of 0.92.

MainSource Financial Group (NASDAQ:MSFG) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $49.04 million during the quarter, compared to the consensus estimate of $46.40 million. MainSource Financial Group had a return on equity of 10.96% and a net margin of 22.93%. On average, equities analysts predict that MainSource Financial Group, Inc. will post $2.05 earnings per share for the current fiscal year.

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MSFG has been the topic of several research analyst reports. Stephens downgraded MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th. Zacks Investment Research downgraded MainSource Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub raised MainSource Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods downgraded MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price target on the stock. in a research report on Friday, July 28th.

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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