Foundry Partners LLC Has $5.88 Million Holdings in MainSource Financial Group Inc. (MSFG)

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Foundry Partners LLC raised its stake in shares of MainSource Financial Group Inc. (NASDAQ:MSFG) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 144,675 shares of the financial services provider’s stock after buying an additional 1,275 shares during the quarter. Foundry Partners LLC owned about 0.57% of MainSource Financial Group worth $5,881,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Deutsche Bank AG grew its holdings in MainSource Financial Group by 129.9% during the 4th quarter. Deutsche Bank AG now owns 250,427 shares of the financial services provider’s stock valued at $9,091,000 after buying an additional 141,483 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in MainSource Financial Group by 158.8% during the 4th quarter. Wolverine Asset Management LLC now owns 4,614 shares of the financial services provider’s stock valued at $167,000 after buying an additional 2,831 shares during the last quarter. BlackRock Inc. grew its holdings in MainSource Financial Group by 2.6% during the 4th quarter. BlackRock Inc. now owns 1,712,947 shares of the financial services provider’s stock valued at $62,200,000 after buying an additional 43,094 shares during the last quarter. Hilton Capital Management LLC grew its holdings in MainSource Financial Group by 11.8% during the 4th quarter. Hilton Capital Management LLC now owns 515,432 shares of the financial services provider’s stock valued at $18,715,000 after buying an additional 54,221 shares during the last quarter. Finally, Kennedy Capital Management Inc. grew its holdings in MainSource Financial Group by 18.6% during the 4th quarter. Kennedy Capital Management Inc. now owns 135,388 shares of the financial services provider’s stock valued at $4,916,000 after buying an additional 21,227 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

MSFG stock opened at $40.65 on Monday. MainSource Financial Group Inc. has a 52-week low of $31.26 and a 52-week high of $41.07. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $1.04 billion, a PE ratio of 19.17 and a beta of 0.88.

A number of equities research analysts have commented on the company. BidaskClub upgraded MainSource Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. Zacks Investment Research cut MainSource Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th.

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.

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

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