BidaskClub downgraded shares of MainSource Financial Group, Inc. (NASDAQ:MSFG) from a hold rating to a sell rating in a research report report published on Tuesday.

Separately, Zacks Investment Research raised MainSource Financial Group from a hold rating to a buy rating and set a $39.00 price target for the company in a report on Wednesday, May 3rd.

MainSource Financial Group (NASDAQ MSFG) traded up 2.03% on Tuesday, hitting $35.62. The company had a trading volume of 316,740 shares. MainSource Financial Group has a one year low of $21.82 and a one year high of $37.20. The stock has a 50 day moving average of $33.67 and a 200-day moving average of $33.30. The stock has a market capitalization of $910.98 million, a PE ratio of 19.40 and a beta of 0.91.

MainSource Financial Group (NASDAQ:MSFG) last released its 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. MainSource Financial Group had a return on equity of 10.96% and a net margin of 22.93%. The business had revenue of $49.04 million during the quarter, compared to the consensus estimate of $46.40 million. Equities analysts anticipate that MainSource Financial Group will post $2.12 EPS for the current year.

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A number of large investors have recently bought and sold shares of MSFG. Bank of New York Mellon Corp raised its stake in MainSource Financial Group by 65.9% in the first quarter. Bank of New York Mellon Corp now owns 231,966 shares of the financial services provider’s stock valued at $7,639,000 after buying an additional 92,105 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in MainSource Financial Group during the first quarter valued at about $2,885,000. James Investment Research Inc. raised its stake in MainSource Financial Group by 31.8% in the first quarter. James Investment Research Inc. now owns 276,585 shares of the financial services provider’s stock valued at $9,108,000 after buying an additional 66,690 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 in the last quarter. Finally, Hilton Capital Management LLC raised its stake in 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 in the last quarter. 54.82% of the stock is owned by institutional investors.

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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