UBS Group AG cut its position in MainSource Financial Group, Inc. (NASDAQ:MSFG) by 63.9% during the first quarter, Holdings Channel reports. The firm owned 3,035 shares of the financial services provider’s stock after selling 5,372 shares during the period. UBS Group AG’s holdings in MainSource Financial Group were worth $100,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Advantage Investment Management LLC increased its position in shares of MainSource Financial Group by 757.9% in the first quarter. Advantage Investment Management LLC now owns 5,662 shares of the financial services provider’s stock worth $186,000 after buying an additional 5,002 shares during the period. Trexquant Investment LP increased its position in shares of MainSource Financial Group by 49.0% in the first quarter. Trexquant Investment LP now owns 9,686 shares of the financial services provider’s stock worth $319,000 after buying an additional 3,186 shares during the period. Independent Portfolio Consultants Inc. bought a new position in shares of MainSource Financial Group during the first quarter worth $363,000. Cambridge Investment Research Advisors Inc. increased its stake in MainSource Financial Group by 0.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,850 shares of the financial services provider’s stock valued at $456,000 after buying an additional 68 shares during the period. Finally, American International Group Inc. increased its stake in MainSource Financial Group by 7.0% in the first quarter. American International Group Inc. now owns 14,193 shares of the financial services provider’s stock valued at $467,000 after buying an additional 927 shares during the period. 54.94% of the stock is currently owned by institutional investors.

MainSource Financial Group, Inc. (NASDAQ:MSFG) traded up 0.09% during midday trading on Tuesday, reaching $34.52. 10,985 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $34.16 and its 200-day moving average price is $33.47. MainSource Financial Group, Inc. has a one year low of $21.91 and a one year high of $37.20. The stock has a market cap of $882.88 million, a PE ratio of 18.80 and a beta of 0.92.

MainSource Financial Group (NASDAQ:MSFG) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The business 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%. Equities analysts predict that MainSource Financial Group, Inc. will post $2.05 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “MainSource Financial Group, Inc. (MSFG) Shares Sold by UBS Group AG” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://www.watchlistnews.com/mainsource-financial-group-inc-msfg-shares-sold-by-ubs-group-ag/1491716.html.

Several equities research analysts have commented on the stock. BidaskClub downgraded shares of MainSource Financial Group from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research downgraded shares of MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Stephens downgraded shares of MainSource Financial Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 26th. Finally, 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 on the stock. in a 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.

Want to see what other hedge funds are holding MSFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MainSource Financial Group, Inc. (NASDAQ:MSFG).

Institutional Ownership by Quarter for MainSource Financial Group (NASDAQ:MSFG)

Receive News & Ratings for MainSource Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainSource Financial Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.