Price Action to Note: Could MainSource Financial Group Inc. Lose its Strength? The Stock Reaches All-Time High

Price Action to Note: Could MainSource Financial Group Inc. Lose its Strength? The Stock Reaches All Time High

The stock of MainSource Financial Group Inc. (NASDAQ:MSFG) reached all time high today, Nov, 14 and still has $47.40 target or 65.00% above today’s $28.73 share price. This indicates more upside for the $708.04 million company. This technical setup was reported by Barchart.com. If the $47.40 PT is reached, the company will be worth $460.23 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 59,898 shares traded hands or 15.11% up from the average. MainSource Financial Group Inc. (NASDAQ:MSFG) has risen 35.10% since April 12, 2016 and is uptrending. It has outperformed by 30.12% the S&P500.

MainSource Financial Group Inc. (NASDAQ:MSFG) Ratings Coverage

Out of 2 analysts covering Mainsource Financial Groups (NASDAQ:MSFG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Mainsource Financial Groups has been the topic of 2 analyst reports since October 2, 2015 according to StockzIntelligence Inc. The rating was initiated by Stephens with “Overweight” on Friday, October 2. The stock has “Outperform” rating given by Wood on Friday, August 26.

According to Zacks Investment Research, “MainSource Financial Group, Inc. is a community-focused, multi-bank, financial services oriented holding company.”

Insitutional Activity: The institutional sentiment decreased to 1.33 in 2016 Q2. Its down 0.08, from 1.41 in 2016Q1. The ratio worsened, as 6 funds sold all MainSource Financial Group Inc. shares owned while 33 reduced positions. 13 funds bought stakes while 39 increased positions. They now own 12.90 million shares or 5.72% more from 12.20 million shares in 2016Q1.
The Alabama-based Mesirow Fincl Invest has invested 0.02% in MainSource Financial Group Inc. (NASDAQ:MSFG). Kessler Inv Grp Ltd Co holds 0.56% or 17,840 shares in its portfolio. Advsrs Asset Mgmt last reported 0% of its portfolio in the stock. Moreover, Vanguard Gp has 0% invested in MainSource Financial Group Inc. (NASDAQ:MSFG) for 901,760 shares. Hillcrest Asset Mngmt accumulated 203,411 shares or 1.13% of the stock. Pinnacle Lc holds 0% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG) for 21,040 shares. Highbridge Cap Mngmt Limited Com has 0% invested in the company for 10,837 shares. Cambridge Investment Advisors has invested 0.01% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG). Metropolitan Life Insur, a New York-based fund reported 15,755 shares. Alliancebernstein Limited Partnership accumulated 0% or 27,533 shares. California Public Employees Retirement Sys last reported 0% of its portfolio in the stock. Blackrock Fund Advsr holds 0% or 594,126 shares in its portfolio. Foundry Ltd holds 0.24% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG) for 190,244 shares. Lsv Asset Mngmt has invested 0.02% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG). Stieven Advsrs Lp holds 0.23% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG) for 36,800 shares.

Insider Transactions: Since June 21, 2016, the stock had 1 insider purchase, and 0 sales for $73,383 net activity. 3,130 shares were bought by BARRON WILLIAM G, worth $73,383.

More notable recent MainSource Financial Group Inc. (NASDAQ:MSFG) news were published by: Prnewswire.com which released: “MainSource Financial Group Expands Presence in Cincinnati; Completes its …” on May 23, 2016, also Ibj.com with their article: “PROXY CORNER: MainSource Financial Group Inc.” published on July 23, 2016, Prnewswire.com published: “MainSource Financial Group – NASDAQ, MSFG – Announces Third Quarter 2016 …” on October 26, 2016. More interesting news about MainSource Financial Group Inc. (NASDAQ:MSFG) were released by: Prnewswire.com and their article: “MainSource Financial Group Announces Appointment of Vince Berta to Board of …” published on January 28, 2016 as well as Streetinsider.com‘s news article titled: “MainSource Financial Group (MSFG) to Acquire Cheviot Financial Corp (CHEV) for …” with publication date: November 24, 2015.

MSFG Company Profile

MainSource Financial Group, Inc., incorporated on March 30, 1983, is a bank holding company. The Firm 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. The Firm operates approximately 80 branch banking offices in Indiana, Illinois, Ohio and Kentucky.

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