California Public Employees Retirement System boosted its holdings in MainSource Financial Group, Inc. (NASDAQ:MSFG) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,853 shares of the financial services provider’s stock after purchasing an additional 1,700 shares during the period. California Public Employees Retirement System owned approximately 0.17% of MainSource Financial Group worth $1,436,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its stake in MainSource Financial Group by 1,411.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,204 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,992 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in MainSource Financial Group in the second quarter worth $147,000. SG Americas Securities LLC bought a new stake in MainSource Financial Group in the second quarter worth $156,000. PNC Financial Services Group Inc. bought a new stake in MainSource Financial Group in the second quarter worth $168,000. Finally, Principal Financial Group Inc. bought a new position in shares of MainSource Financial Group during the second quarter valued at about $201,000. 55.65% of the stock is owned by institutional investors and hedge funds.

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MainSource Financial Group, Inc. (MSFG) opened at $36.38 on Wednesday. The company has a market cap of $963.18, a PE ratio of 18.28 and a beta of 0.93. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.89 and a current ratio of 0.90. MainSource Financial Group, Inc. has a one year low of $24.04 and a one year high of $38.93.

MainSource Financial Group (NASDAQ:MSFG) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm 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%. sell-side analysts predict that MainSource Financial Group, Inc. will post 2.11 EPS for the current year.

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of MainSource Financial Group from an “outperform” rating to a “market perform” rating and set a $39.00 price objective for the company. in a research note on Friday, July 28th. BidaskClub downgraded shares of MainSource Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Stephens downgraded shares of MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 26th.

MainSource Financial Group 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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