Latest Stocks: US Bancorp DE Sells 9,252 Shares of MainSource Financial Group Inc. (MSFG)

Latest Stocks: US Bancorp DE Sells 9,252 Shares of MainSource Financial Group Inc. (MSFG)

US Bancorp DE lowered its stake in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) by 11.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,891 shares of the financial services provider’s stock after selling 9,252 shares during the period. US Bancorp DE owned approximately 0.31% of MainSource Financial Group worth $2,466,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its stake in MainSource Financial Group by 92.5% in the first quarter. Advisors Asset Management Inc. now owns 27,091 shares of the financial services provider’s stock valued at $892,000 after buying an additional 13,020 shares during the period. Hillcrest Asset Management LLC boosted its stake in MainSource Financial Group by 7.7% in the first quarter. Hillcrest Asset Management LLC now owns 218,217 shares of the financial services provider’s stock valued at $7,186,000 after buying an additional 15,589 shares during the period. Independent Portfolio Consultants Inc. bought a new stake in MainSource Financial Group during the first quarter valued at about $363,000. Nationwide Fund Advisors boosted its stake in MainSource Financial Group by 3.8% in the first quarter. Nationwide Fund Advisors now owns 79,512 shares of the financial services provider’s stock valued at $2,618,000 after buying an additional 2,883 shares during the period. Finally, James Investment Research Inc. boosted 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 during the period. Institutional investors own 55.37% of the company’s stock.

Shares of MainSource Financial Group Inc. (NASDAQ MSFG) opened at 32.69 on Tuesday. The firm has a 50-day moving average of $33.33 and a 200 day moving average of $32.99. The stock has a market capitalization of $789.40 million, a PE ratio of 18.89 and a beta of 1.03. MainSource Financial Group Inc. has a 52-week low of $19.98 and a 52-week high of $35.64.

Separately, Zacks Investment Research raised shares of MainSource Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, May 3rd. MainSource Financial Group Company Profile

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