1st Source (NASDAQ:SRCE) posted its earnings results on Thursday. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.07), Yahoo Finance reports. 1st Source had a net margin of 21.74% and a return on equity of 9.43%. The business had revenue of $74.49 million during the quarter, compared to analysts’ expectations of $71.40 million.

1st Source (NASDAQ SRCE) traded up $1.14 during midday trading on Friday, reaching $53.14. 107,404 shares of the company’s stock traded hands, compared to its average volume of 46,785. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market capitalization of $1,380.00, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.06. 1st Source has a 52 week low of $42.15 and a 52 week high of $53.73.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.66%. This is a positive change from 1st Source’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, February 2nd. 1st Source’s payout ratio is presently 32.00%.

SRCE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $53.00 target price on shares of 1st Source in a report on Friday, December 22nd. ValuEngine raised shares of 1st Source from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Piper Jaffray Companies set a $55.00 target price on shares of 1st Source and gave the company a “buy” rating in a report on Friday, October 6th. DA Davidson reissued a “hold” rating and issued a $53.00 target price on shares of 1st Source in a report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of 1st Source from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.75.

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About 1st Source

1st Source Corporation is a bank holding company. The Company, through its subsidiaries, provides a range of financial products and services. It is engaged in commercial banking. 1st Source Bank (Bank), its banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients.

Earnings History for 1st Source (NASDAQ:SRCE)

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