Thrivent Financial For Lutherans purchased a new position in shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,900 shares of the financial services provider’s stock, valued at approximately $432,000. Thrivent Financial For Lutherans owned about 0.05% of MainSource Financial Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Alps Advisors Inc. grew its position in MainSource Financial Group by 0.3% during the 2nd 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 during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in MainSource Financial Group by 0.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,850 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 68 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in MainSource Financial Group by 0.4% during the 1st 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 during the last quarter. Strs Ohio grew its position in MainSource Financial Group by 2.1% during the 2nd quarter. Strs Ohio now owns 24,500 shares of the financial services provider’s stock worth $820,000 after acquiring an additional 500 shares during the last quarter. Finally, Legal & General Group Plc grew its position in MainSource Financial Group by 9.7% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 58.22% of the company’s stock.

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Shares of MainSource Financial Group, Inc. (MSFG) opened at 36.57 on Thursday. The company has a market capitalization of $935.31 million, a price-to-earnings ratio of 19.92 and a beta of 0.94. MainSource Financial Group, Inc. has a 12 month low of $23.84 and a 12 month high of $37.20. The stock has a 50 day moving average price of $34.68 and a 200-day moving average price of $33.78.

MainSource Financial Group (NASDAQ:MSFG) last released 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. The firm had revenue of $49.04 million for the quarter, compared to analysts’ expectations of $46.40 million. MainSource Financial Group had a return on equity of 10.61% and a net margin of 22.93%. Analysts expect that MainSource Financial Group, Inc. will post $2.05 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on MSFG. Stephens lowered MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded MainSource Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub lowered MainSource Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods lowered MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price objective 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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