Positive News Coverage Very Unlikely to Affect 1st Source Corporation (SRCE) Stock Price
News coverage about 1st Source Corporation (NASDAQ:SRCE) has trended positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. 1st Source Corporation earned a media sentiment score of 0.37 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 16 out of 100, indicating that recent media coverage is very unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Watching Technical Indicators on Shares of 1St Source Corp (SRCE) – Wall Street Review (thewallstreetreview.com)
- Keeping Up on 1st Source Corp (SRCE)’s Technicals: Where to From Here? – Bulletin News (orobulletin.com)
- 1st Source Corporation (NASDAQ:SRCE) Position Trimmed by JPMorgan Chase – Insider Tradings (insidertradings.org)
- Equity Review: Narrowing in on Shares of 1St Source Corp (SRCE) – Wall Street Review (thewallstreetreview.com)
- Watching the Tape Move for 1st Source Corp (SRCE) – Evergreen Caller (evergreencaller.com)
1st Source Corporation (NASDAQ:SRCE) traded down 0.49% during midday trading on Friday, reaching $48.62. The company had a trading volume of 58,011 shares. The company has a market cap of $1.26 billion, a PE ratio of 21.05 and a beta of 1.03. 1st Source Corporation has a 52-week low of $31.50 and a 52-week high of $50.78. The company’s 50-day moving average is $47.18 and its 200 day moving average is $46.20.
1st Source Corporation (NASDAQ:SRCE) last posted its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.07. The firm had revenue of $67.03 million during the quarter, compared to the consensus estimate of $67 million. 1st Source Corporation had a return on equity of 8.95% and a net margin of 21.12%. On average, equities research analysts forecast that 1st Source Corporation will post $2.51 EPS for the current year.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered 1st Source Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. BidaskClub upgraded 1st Source Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, ValuEngine upgraded 1st Source Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.00.
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About 1st Source Corporation
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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