1st Source Corporation Company Profile (NASDAQ:SRCE)

About 1st Source Corporation

1st Source Corporation logo1st Source Corporation is a bank holding company. The Company, through its subsidiaries, provides a range of financial products and services. 1st Source Bank (the Bank), its banking subsidiary, offers commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients through its approximately 80 banking center locations in over 20 counties in Indiana and Michigan. 1st Source Bank's Specialty Finance Group, with over 20 locations around the nation, offers specialized financing services for new and used private and cargo aircraft, automobiles and light trucks for leasing and rental agencies, medium and heavy duty trucks and construction equipment. It has consolidated total assets of approximately $5.19 billion, total loans and leases of over $3.99 billion, total deposits of approximately $4.14 billion and total shareholders' equity of over $644.05 million.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: Regional Banks
  • Exchange: NASDAQ
  • Symbol: SRCE
  • CUSIP: 33690110
Key Metrics:
  • Previous Close: $46.80
  • 50 Day Moving Average: $44.69
  • 200 Day Moving Average: $38.89
  • 52-Week Range: $29.76 - $49.11
  • Trailing P/E Ratio: 21.08
  • Foreward P/E Ratio: 17.21
  • P/E Growth: 1.96
  • Market Cap: $1.21B
  • Outstanding Shares: 25,875,000
  • Beta: 1.01
Profitability:
  • Net Margins: 20.59%
  • Return on Equity: 8.75%
  • Return on Assets: 1.08%
Debt:
  • Debt-to-Equity Ratio: 0.18%
  • Current Ratio: 0.93%
  • Quick Ratio: 0.93%
Additional Links:
Companies Related to 1st Source Corporation:

Analyst Ratings

Consensus Ratings for 1st Source Corporation (NASDAQ:SRCE) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $41.50 (11.32% downside)

Analysts' Ratings History for 1st Source Corporation (NASDAQ:SRCE)
Show:
DateFirmActionRatingPrice TargetDetails
1/12/2017Piper Jaffray CompaniesInitiated CoverageOverweight$47.00View Rating Details
7/21/2016DA DavidsonInitiated CoverageNeutral$36.00View Rating Details
(Data available from 2/21/2015 forward)

Earnings

Earnings History for 1st Source Corporation (NASDAQ:SRCE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/19/2017        
1/19/201712/31/2016$0.56$0.58ViewN/AView Earnings Details
10/20/2016Q3$0.58$0.55ViewN/AView Earnings Details
7/21/2016Q2$0.55$0.56ViewN/AView Earnings Details
4/21/2016Q1$0.51$0.53ViewN/AView Earnings Details
1/21/2016Q4$0.54$0.55ViewN/AView Earnings Details
10/22/2015Q3$0.56$0.53ViewN/AView Earnings Details
7/23/2015Q2$0.62$0.59$60.49 millionViewN/AView Earnings Details
4/23/2015Q115$0.56$0.56$59.70 millionViewN/AView Earnings Details
1/21/2015$0.56$0.62ViewN/AView Earnings Details
10/23/2014Q3$0.59$0.62ViewN/AView Earnings Details
7/24/2014Q2 14$0.56$0.59ViewN/AView Earnings Details
4/24/2014Q114$0.55$0.55$57.90 millionViewN/AView Earnings Details
1/22/2014Q4$0.56$0.56ViewN/AView Earnings Details
10/30/2013Q3 13$0.60ViewN/AView Earnings Details
7/26/2013Q213$0.56ViewN/AView Earnings Details
4/25/2013Q1 2013$0.50ViewN/AView Earnings Details
1/22/2013Q4 2012$0.50ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for 1st Source Corporation (NASDAQ:SRCE)
Current Year EPS Consensus Estimate: $2.39 EPS
Next Year EPS Consensus Estimate: $2.72 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20161$0.55$0.55$0.55
Q3 20161$0.56$0.56$0.56
Q4 20161$0.58$0.58$0.58
Q1 20171$0.61$0.61$0.61
Q2 20171$0.61$0.61$0.61
Q3 20171$0.62$0.62$0.62
Q4 20171$0.65$0.65$0.65
Q1 20181$0.63$0.63$0.63
Q2 20181$0.62$0.62$0.62
Q3 20181$0.64$0.64$0.64
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for 1st Source Corporation (NASDAQ:SRCE)
Annual Dividend:$0.72
Dividend Yield:1.54%
Dividend Growth:1.90% (3 Year Average)
Payout Ratio:32.43% (Based on Trailing 12 Months of Earnings)
30.13% (Based on Current Year Consensus EPS Estimate)
26.47% (Based on Next Year Consensus EPS Estimate)
Track Record:31 Years of Consecutive Dividend Growth

Dividend History for 1st Source Corporation (NASDAQ:SRCE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/19/2017Quarterly$0.181.58%2/2/20172/6/20172/15/2017
10/21/2016quarterly$0.182.12%10/28/201611/1/201611/11/2016
7/22/2016quarterly$0.182.09%7/29/20168/2/20168/12/2016
4/22/2016quarterly$0.182.14%4/29/20165/3/20165/13/2016
1/22/2016quarterly$0.182.58%1/28/20162/1/20162/12/2016
10/23/2015quarterly$0.182.29%10/30/201511/3/201511/13/2015
7/24/2015quarterly$0.182.13%7/31/20158/4/20158/14/2015
4/24/2015quarterly$0.182.24%5/1/20155/5/20155/15/2015
1/22/2015quarterly$0.182.22%1/30/20152/3/20152/13/2015
10/23/2014quarterly$0.182.46%11/3/201411/5/201411/14/2014
7/24/2014quarterly$0.182.5%8/1/20148/5/20148/15/2014
4/25/2014quarterly$0.182.41%5/1/20145/5/20145/15/2014
1/22/2014quarterly$0.172.16%1/31/20142/4/20142/14/2014
10/24/2013quarterly$0.172.23%11/1/201311/5/201311/15/2013
7/25/2013quarterly$0.172.48%8/1/20138/5/20138/15/2013
4/25/2013quarterly$0.172.94%5/3/20135/7/20135/15/2013
1/22/2013quarterly$0.173.09%1/31/20132/4/20132/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for 1st Source Corporation (NASDAQ:SRCE)
Insider Ownership Percentage: 20.52%
Institutional Ownership Percentage: 64.38%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/28/2016John B GriffithVPSell2,500$39.08$97,700.00View SEC Filing  
7/25/2016Steven J WessellInsiderSell10,000$33.06$330,600.00View SEC Filing  
5/2/2016Vinod M KhilnaniDirectorBuy1,000$34.55$34,550.00View SEC Filing  
12/10/2015Stanley Clark CarmichaelMajor ShareholderSell600,000$29.74$17,844,000.00View SEC Filing  
9/11/2015Andrea G ShortCFOSell2,500$29.94$74,850.00View SEC Filing  
6/1/2015John B GriffithVPSell1,542$25.75$39,706.50View SEC Filing  
3/13/2015James R SeitzPresidentSell1,000$32.08$32,080.00View SEC Filing  
3/13/2015John B GriffithVPSell3,192$31.70$101,186.40View SEC Filing  
3/6/2015Wellington D Jones IIIDirectorSell11,845$31.15$368,971.75View SEC Filing  
3/3/2015Wellington D Jones IIIDirectorSell11,000$31.03$341,330.00View SEC Filing  
2/27/2015Wellington D Jones IIIDirectorSell11,117$31.36$348,629.12View SEC Filing  
2/13/2015Wellington D Jones IIIDirectorSell2,000$31.43$62,860.00View SEC Filing  
8/11/2014Wellington D Jones IIIDirectorSell1,090$29.26$31,893.40View SEC Filing  
5/7/2014Wellington D Jones IIIDirectorSell1,762$30.04$52,930.48View SEC Filing  
11/15/2013Wellington D Jones IIIDirectorSell1,650$31.52$52,008.00View SEC Filing  
3/13/2013John B GriffithVPSell3,006$24.01$72,174.06View SEC Filing  
3/6/2013James R SeitzPresidentSell1,271$23.58$29,970.18View SEC Filing  
2/14/2013Source Bank T'ee Carmen C 1StMajor ShareholderSell61,426$23.13$1,420,783.38View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for 1st Source Corporation (NASDAQ:SRCE)
DateHeadline
biz.yahoo.com logo1ST SOURCE CORP Files SEC form 10-K, Annual Report (NASDAQ:SRCE)
biz.yahoo.com - February 17 at 7:25 PM
capitalcube.com logo1st Source Corp. breached its 50 day moving average in a Bullish Manner : SRCE-US : February 14, 2017 (NASDAQ:SRCE)
www.capitalcube.com - February 15 at 6:11 AM
biz.yahoo.com logo1ST SOURCE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NASDAQ:SRCE)
biz.yahoo.com - February 9 at 5:15 AM
nasdaq.com logo1st Source Corporation (SRCE) Ex-Dividend Date Scheduled for February 02, 2017 - Nasdaq (NASDAQ:SRCE)
www.nasdaq.com - February 3 at 5:40 AM
News IconTechnical Level Spotcheck on Shares of 1st Source Corporation (SRCE) - Rives Journal (NASDAQ:SRCE)
rivesjournal.com - January 30 at 7:23 AM
News IconShould income investors buy 1st Source Corporation (SRCE) before its ex-dividend date? (NASDAQ:SRCE)
simplywall.st - January 29 at 9:29 PM
capitalcube.com logoETFs with exposure to 1st Source Corp. : January 24, 2017 (NASDAQ:SRCE)
www.capitalcube.com - January 25 at 6:08 AM
capitalcube.com logo1st Source Corp. :SRCE-US: Earnings Analysis: Q4, 2016 By the Numbers : January 23, 2017 (NASDAQ:SRCE)
www.capitalcube.com - January 23 at 10:00 PM
News IconWall Street Holds Inauguration Gains, How Did This Stock Fare: 1st Source Corporation (NASDAQ:SRCE) - Wall Street Beacon (NASDAQ:SRCE)
wsbeacon.com - January 22 at 8:04 AM
finance.yahoo.com logo1st Source posts 4Q profit - Yahoo Finance (NASDAQ:SRCE)
finance.yahoo.com - January 21 at 7:43 PM
News Icon1st Source Corporation (NASDAQ:SRCE) to Post $0.58 Earnings Per Share: Analysts - Wall Street Beacon (NASDAQ:SRCE)
wsbeacon.com - January 21 at 7:43 PM
us.rd.yahoo.com logo1st Source Corporation Reports Earnings, History of Increased Dividends Continues (NASDAQ:SRCE)
us.rd.yahoo.com - January 20 at 6:51 AM
us.rd.yahoo.com logo4:07 pm 1st Source Corp beats on the bottom line (NASDAQ:SRCE)
us.rd.yahoo.com - January 20 at 6:51 AM
biz.yahoo.com logo1ST SOURCE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NASDAQ:SRCE)
us.rd.yahoo.com - January 20 at 6:51 AM
sg.finance.yahoo.com logo1st Source posts 4Q profit (NASDAQ:SRCE)
sg.finance.yahoo.com - January 20 at 6:51 AM
finance.yahoo.com logoCoverage initiated on 1st Source Corp by Piper Jaffray (NASDAQ:SRCE)
finance.yahoo.com - January 12 at 10:46 PM
capitalcube.com logoETFs with exposure to 1st Source Corp. : January 12, 2017 (NASDAQ:SRCE)
www.capitalcube.com - January 12 at 10:46 PM
publicnow.com logo1st Source Bank to build new banking center in Valparaiso (NASDAQ:SRCE)
www.publicnow.com - January 7 at 5:04 AM
News IconIndiana Solar Plant, Built on Superfund Site, Goes Online (NASDAQ:SRCE)
ieefa.org - January 6 at 5:19 AM
News IconKokomo Solar Project Online (NASDAQ:SRCE)
www.insideindianabusiness.com - January 5 at 6:47 AM
capitalcube.com logo1st Source Corp. : SRCE-US: Dividend Analysis : November 01st, 2016 (record date) : By the numbers : December 27, 2016 (NASDAQ:SRCE)
www.capitalcube.com - December 27 at 7:37 PM
publicnow.com logo1st Source Bank announces Promotions & New Hire (NASDAQ:SRCE)
www.publicnow.com - December 22 at 2:46 AM
publicnow.com logo1st Source Bank announces the addition of Jason Schwartz (NASDAQ:SRCE)
www.publicnow.com - December 20 at 2:49 PM
publicnow.com logo1st Source Bank announces the promotion of Catherine Langford (NASDAQ:SRCE)
www.publicnow.com - December 20 at 2:49 PM
publicnow.com logo1st Source Bank announces the promotion of Trina Swank (NASDAQ:SRCE)
www.publicnow.com - December 20 at 2:49 PM
publicnow.com logo1st Source Bank announces the addition of Ian Forte (NASDAQ:SRCE)
www.publicnow.com - December 20 at 2:49 PM
News IconIs 1st Source Corporation (SRCE) A Good Stock To Buy? (NASDAQ:SRCE)
feedproxy.google.com - December 16 at 3:13 PM
News IconExec VP / Secy 1st Source Bank of 1st Source Corporation (NASDAQ:SRCE), Griffith John B, sells 2,500 shares worth $97,700 (NASDAQ:SRCE)
empowerednews.net - November 30 at 10:36 AM
marketexclusive.com logo1st Source Corporation (NASDAQ:SRCE) Files An 8-K Regulation FD Disclosure (NASDAQ:SRCE)
marketexclusive.com - November 29 at 3:32 PM
publicnow.com logo1st Source Bank transitions Personal Asset Management Group to Wealth Advisory Services (NASDAQ:SRCE)
www.publicnow.com - November 22 at 12:18 PM
biz.yahoo.com logo1ST SOURCE CORP Files SEC form 8-K, Other Events (NASDAQ:SRCE)
biz.yahoo.com - November 10 at 7:36 PM
capitalcube.com logo1st Source Corp. breached its 50 day moving average in a Bullish Manner : SRCE-US : November 10, 2016 (NASDAQ:SRCE)
www.capitalcube.com - November 10 at 10:59 AM
capitalcube.com logoETF’s with exposure to 1st Source Corp. : November 3, 2016 (NASDAQ:SRCE)
www.capitalcube.com - November 3 at 7:39 PM
publicnow.com logoNew 1st Source Bank location to open on Monday (NASDAQ:SRCE)
www.publicnow.com - November 3 at 11:55 AM
nasdaq.com logo1st Source Corporation (SRCE) Ex-Dividend Date Scheduled for October (NASDAQ:SRCE)
www.nasdaq.com - October 27 at 7:36 PM
capitalcube.com logo1st Source Corp. :SRCE-US: Earnings Analysis: Q3, 2016 By the Numbers : October 26, 2016 (NASDAQ:SRCE)
www.capitalcube.com - October 26 at 11:03 AM
capitalcube.com logo1st Source Corp. breached its 50 day moving average in a Bearish Manner : SRCE-US : October 24, 2016 (NASDAQ:SRCE)
www.capitalcube.com - October 24 at 12:08 PM
4-traders.com logo1st Source : Announces Third Quarter Earnings (NASDAQ:SRCE)
www.4-traders.com - October 21 at 7:28 PM
News Icon1st Source Profit Ticks Up (NASDAQ:SRCE)
www.insideindianabusiness.com - October 21 at 7:28 PM
businesswire.com logo1st Source Corporation Announces Third Quarter Earnings, Cash Dividend Declared (NASDAQ:SRCE)
www.businesswire.com - October 21 at 7:28 PM
sg.finance.yahoo.com logo1st Source posts 3Q profit (NASDAQ:SRCE)
sg.finance.yahoo.com - October 20 at 7:45 PM
publicnow.com logo1st Source Corporation Announces Third Quarter Earnings (NASDAQ:SRCE)
www.publicnow.com - October 20 at 7:45 PM
capitalcube.com logo1st Source Corp. breached its 50 day moving average in a Bearish Manner : SRCE-US : October 14, 2016 (NASDAQ:SRCE)
www.capitalcube.com - October 14 at 10:43 AM
publicnow.com logo1st Source Bank Announces $300,000 in contributions to Krasl Art Center (NASDAQ:SRCE)
www.publicnow.com - October 13 at 7:38 PM
publicnow.com logo1st Source Bank opens new Banking Center in Elkhart (NASDAQ:SRCE)
www.publicnow.com - October 13 at 11:19 AM
capitalcube.com logo1st Source Corp. : SRCE-US: Dividend Analysis : August 02nd, 2016 (record date) : By the numbers : October 12, 2016 (NASDAQ:SRCE)
www.capitalcube.com - October 12 at 7:25 PM
bizjournals.com logoMeet the latest bank to eye the Tampa Bay market for expansion (NASDAQ:SRCE)
www.bizjournals.com - October 11 at 8:16 PM
publicnow.com logo1st Source to Host Shredder Day October 22 in Chesterton (NASDAQ:SRCE)
www.publicnow.com - October 6 at 12:17 PM
publicnow.com logo1st Source Bank provides tips to protect consumers against ATM skimming fraud (NASDAQ:SRCE)
www.publicnow.com - September 27 at 12:04 PM
publicnow.com logoJohn Ball Promoted to President of 1st Source Insurance (NASDAQ:SRCE)
www.publicnow.com - September 23 at 11:49 AM

Social

What is 1st Source Corporation's stock symbol?

1st Source Corporation trades on the NASDAQ under the ticker symbol "SRCE."

How often does 1st Source Corporation pay dividends? What is the dividend yield for 1st Source Corporation?

1st Source Corporation declared a quarterly dividend on Thursday, January 19th. Stockholders of record on Monday, February 6th will be given a dividend of $0.18 per share on Wednesday, February 15th. This represents a $0.72 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 2nd.

Where is 1st Source Corporation's stock going? Where will 1st Source Corporation's stock price be in 2017?

2 brokers have issued 1 year target prices for 1st Source Corporation's shares. Their forecasts range from $36.00 to $47.00. On average, they expect 1st Source Corporation's stock price to reach $41.50 in the next year.

When will 1st Source Corporation announce their earnings?

1st Source Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, April, 19th 2017.

Who owns 1st Source Corporation stock?

1st Source Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.57%), Stanley Clark Carmichael (3.60%), State Street Corp (1.18%), FMR LLC (0.85%), Renaissance Technologies LLC (0.38%) and Martingale Asset Management L P (0.37%). Company insiders that own 1st Source Corporation stock include Andrea G Short, James R Seitz, John B Griffith, Stanley Clark Carmichael, Steven J Wessell, Vinod M Khilnani and Wellington D Jones III.

Who sold 1st Source Corporation stock? Who is selling 1st Source Corporation stock?

1st Source Corporation's stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, GSA Capital Partners LLP, Guggenheim Capital LLC and Stieven Capital Advisors L.P.. Company insiders that have sold 1st Source Corporation stock in the last year include John B Griffith and Steven J Wessell.

Who bought 1st Source Corporation stock? Who is buying 1st Source Corporation stock?

1st Source Corporation's stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, John W. Rosenthal Capital Management Inc., Martingale Asset Management L P, State Street Corp, AQR Capital Management LLC, Bessemer Group Inc., Two Sigma Investments LP and Massmutual Trust Co. FSB ADV.

How do I buy 1st Source Corporation stock?

Shares of 1st Source Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of 1st Source Corporation stock cost?

One share of 1st Source Corporation stock can currently be purchased for approximately $46.80.

1st Source Corporation (NASDAQ:SRCE) Chart for Tuesday, February, 21, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for 1st Source Corporation (NASDAQ:SRCE)

Earnings History Chart

Earnings by Quarter for 1st Source Corporation (NASDAQ:SRCE)

Dividend History Chart

Dividend Payments by Quarter for 1st Source Corporation (NASDAQ:SRCE)

Last Updated on 2/21/2017 by MarketBeat.com Staff