1st Source (SRCE) Releases Earnings Results, Misses Estimates By $0.07 EPS
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%.
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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.
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