Jacobs Asset Management Lowers stake in MainSource Financial Group (MSFG)

MainSource Financial Group (MSFG) : Jacobs Asset Management reduced its stake in MainSource Financial Group by 11.58% during the most recent quarter end. The investment management company now holds a total of 665,263 shares of MainSource Financial Group which is valued at $14,901,891 after selling 87,130 shares in MainSource Financial Group , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.MainSource Financial Group makes up approximately 4.12% of Jacobs Asset Management’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in MSFG in the latest quarter, The investment management firm added 1,366 additional shares and now holds a total of 480,391 shares of MainSource Financial Group which is valued at $10,760,758. MainSource Financial Group makes up approx 0.02% of Manufacturers Life Insurance Company The’s portfolio.Blackrock Fund Advisors boosted its stake in MSFG in the latest quarter, The investment management firm added 19,901 additional shares and now holds a total of 594,126 shares of MainSource Financial Group which is valued at $13,308,422.Acrospire Investment Management reduced its stake in MSFG by selling 1,932 shares or 50.23% in the most recent quarter. The Hedge Fund company now holds 1,914 shares of MSFG which is valued at $43,544. MainSource Financial Group makes up approx 0.03% of Acrospire Investment Management’s portfolio.

MainSource Financial Group opened for trading at $24 and hit $24.21 on the upside on Thursday, eventually ending the session at $24.2, with a gain of 0.29% or 0.07 points. The heightened volatility saw the trading volume jump to 68,862 shares. Company has a market cap of $581 M.

MainSource Financial Group Inc. is a bank holding company. The Company operates a banking subsidiary: MainSource Bank (the Bank) an Indiana state-chartered bank. The Company operates approximately 80 branch banking offices in Indiana Illinois Ohio and Kentucky. 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. Non-banking subsidiaries include MainSource Insurance LLC Insurance Services Marketing LLC MainSource Title LLC MainSource Risk Management Inc. and New American Real Estate LLC. Through its non-bank affiliates the Company provides services incidental to the business of banking.

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