NASDAQ:SRCE - 1st Source Stock Price, News, & Analysis

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$46.69 -0.93 (-1.95 %)
(As of 03/19/2019 02:44 PM ET)
Previous Close$47.62
Today's Range$46.69 - $47.10
52-Week Range$38.44 - $59.33
Volume900 shs
Average Volume50,765 shs
Market Capitalization$1.24 billion
P/E Ratio14.78
Dividend Yield2.29%
Beta1.13
1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate loans, and lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and acquisition financing; and commercial leasing, treasury management, and retirement planning services. In addition, it provides a range of trust, investment, agency, and custodial services comprising administration of estates and personal trusts, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease products for new and used aircraft, auto and light trucks, construction equipment, and medium and heavy duty trucks; and leases construction equipment, various types of trucks, vans, automobiles, motor coaches, shuttle buses, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services; and investment advisory services to trust and investment clients. As of December 31, 2017, the company operated through 79 banking centers in 17 counties in Indiana and Michigan, and Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SRCE
CUSIP33690110
Phone574-235-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$354.37 million
Cash Flow$4.5330 per share
Book Value$29.41 per share

Profitability

Net Income$82.41 million

Miscellaneous

Employees1,150
Market Cap$1.24 billion
Next Earnings Date4/18/2019 (Estimated)
OptionableOptionable

1st Source (NASDAQ:SRCE) Frequently Asked Questions

What is 1st Source's stock symbol?

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

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

1st Source declared a quarterly dividend on Friday, January 25th. Stockholders of record on Monday, February 4th will be given a dividend of $0.27 per share on Thursday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, February 1st. This is a boost from 1st Source's previous quarterly dividend of $0.25. View 1st Source's Dividend History.

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) released its earnings results on Thursday, January, 24th. The financial services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86 by $0.04. The financial services provider earned $80 million during the quarter, compared to the consensus estimate of $78.90 million. 1st Source had a return on equity of 11.06% and a net margin of 23.26%. View 1st Source's Earnings History.

When is 1st Source's next earnings date?

1st Source is scheduled to release their next quarterly earnings announcement on Thursday, April 18th 2019. View Earnings Estimates for 1st Source.

Has 1st Source been receiving favorable news coverage?

News coverage about SRCE stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. 1st Source earned a news impact score of 1.2 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near future.

Who are some of 1st Source's key competitors?

What other stocks do shareholders of 1st Source own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 1st Source investors own include Bank of America (BAC), 3M (MMM), Walmart (WMT), AFLAC (AFL), Medtronic (MDT), Mcdonald's (MCD), IBM (IBM), PepsiCo (PEP), Exxon Mobil (XOM) and Huntington Bancshares (HBAN).

Who are 1st Source's key executives?

1st Source's management team includes the folowing people:
  • Mr. Christopher J. Murphy III, Chairman & CEO (Age 72)
  • Mr. James R. Seitz, Pres & Director (Age 66)
  • Ms. Andrea Gayle Short, Exec. VP, Treasurer & CFO (Age 56)
  • Mr. John B. Griffith, Chief Admin. Officer, Exec. VP, Gen. Counsel & Sec. (Age 61)
  • Mr. Jeffrey L. Buhr, Exec. VP & Chief Credit Officer of 1st Source Bank (Age 59)

Who are 1st Source's major shareholders?

1st Source's stock is owned by a number of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (8.16%), BlackRock Inc. (4.60%), Norges Bank (1.21%), Northern Trust Corp (1.01%), BTIM Corp. (0.92%) and Geode Capital Management LLC (0.86%). Company insiders that own 1st Source stock include Allison N Egidi, Jeffrey L Buhr and Melody Birmingham-Byrd. View Institutional Ownership Trends for 1st Source.

Which institutional investors are selling 1st Source stock?

SRCE stock was sold by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, BTIM Corp., First Trust Advisors LP, Prescott Group Capital Management L.L.C., FMR LLC, ClariVest Asset Management LLC, Nordea Investment Management AB and Dimensional Fund Advisors LP. View Insider Buying and Selling for 1st Source.

Which institutional investors are buying 1st Source stock?

SRCE stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Geode Capital Management LLC, Geode Capital Management LLC, Two Sigma Investments LP, Millennium Management LLC, Bank of America Corp DE and D. E. Shaw & Co. Inc.. View Insider Buying and Selling for 1st Source.

How do I buy shares of 1st Source?

Shares of SRCE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is 1st Source's stock price today?

One share of SRCE stock can currently be purchased for approximately $46.69.

How big of a company is 1st Source?

1st Source has a market capitalization of $1.24 billion and generates $354.37 million in revenue each year. The financial services provider earns $82.41 million in net income (profit) each year or $3.16 on an earnings per share basis. 1st Source employs 1,150 workers across the globe.

What is 1st Source's official website?

The official website for 1st Source is http://www.1stsource.com.

How can I contact 1st Source?

1st Source's mailing address is 100 NORTH MICHIGAN STREET, SOUTH BEND IN, 46601. The financial services provider can be reached via phone at 574-235-2000 or via email at [email protected]


MarketBeat Community Rating for 1st Source (NASDAQ SRCE)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  185 (Vote Outperform)
Underperform Votes:  234 (Vote Underperform)
Total Votes:  419
MarketBeat's community ratings are surveys of what our community members think about 1st Source and other stocks. Vote "Outperform" if you believe SRCE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SRCE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/19/2019 by MarketBeat.com Staff

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