1st Source Company Profile (NASDAQ:SRCE)

About 1st Source (NASDAQ:SRCE)

1st Source logo1st 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. The Bank offers a range of consumer and commercial banking services through its lending operations, retail branches and fee based businesses. It provides commercial, small business, agricultural, and real estate loans to primarily business clients mainly located within its regional market area. It provides a range of consumer banking products and services through its banking centers and at 1stsource.com. It also offers insurance products through 1st Source Insurance offices. It also provides a range of trust, investment, agency, and custodial services for individual, corporate and not-for-profit clients.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:SRCE
  • CUSIP: 33690110
  • Web: www.1stsource.com
Capitalization:
  • Market Cap: $1.2 billion
  • Outstanding Shares: 25,923,000
Average Prices:
  • 50 Day Moving Avg: $47.11
  • 200 Day Moving Avg: $44.80
  • 52 Week Range: $30.45 - $50.78
P/E:
  • Trailing P/E Ratio: 20.06
  • Foreward P/E Ratio: 16.49
  • P/E Growth: 1.86
Sales & Book Value:
  • Annual Revenue: $256.86 million
  • Price / Sales: 4.68
  • Book Value: $26.46 per share
  • Price / Book: 1.75
Dividend:
  • Annual Dividend: $0.72
  • Dividend Yield: 1.6%
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%
Misc:
  • Average Volume: 74,711 shs.
  • Beta: 1.01
  • Short Ratio: 3.36
 

Frequently Asked Questions for 1st Source (NASDAQ:SRCE)

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, April 21st. Investors of record on Tuesday, May 2nd will be given a dividend of $0.19 per share on Friday, May 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, April 28th. This is a positive change from 1st Source's previous quarterly dividend of $0.18. View 1st Source's Dividend History.

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) issued its earnings results on Thursday, April, 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07. The business earned $67.03 million during the quarter, compared to analysts' expectations of $67 million. 1st Source had a return on equity of 8.75% and a net margin of 20.59%. View 1st Source's Earnings History.

When will 1st Source make its next earnings announcement?

1st Source is scheduled to release their next quarterly earnings announcement on Wednesday, July, 19th 2017. View Earnings Estimates for 1st Source.

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

2 equities research analysts have issued 12 month price targets for 1st Source's stock. Their forecasts range from $36.00 to $47.00. On average, they expect 1st Source's stock price to reach $41.50 in the next twelve months. View Analyst Ratings for 1st Source.

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

Who are 1st Source's key executives?

1st Source's management team includes the folowing people:

  • Christopher J. Murphy III, Chairman of the Board, President, Chief Executive Officer; Chairman of the Board and Chief Executive Officer of the Bank
  • Andrea G. Short, Chief Financial Officer, Executive Vice President, Treasurer of the Company and the Bank
  • John B. Griffith, Executive Vice President, Chief Administrative Officer, General Counsel, Secretary
  • James R. Seitz, Executive Vice President; President of the Bank
  • Jeffrey L. Buhr, Senior Vice President, Chief Credit Officer of the Bank
  • Allison Nickle Egidi, Director
  • Tracy D. Graham, Director
  • Christopher J. Murphy IV, Director
  • Daniel B. Fitzpatrick, Independent Director
  • Craig A. Kapson, Independent Director

Who owns 1st Source stock?

1st Source's stock is owned by many different of retail and institutional investors. Top institutional shareholders include 1ST Source Bank (28.45%), Dimensional Fund Advisors LP (8.53%), Wellington Management Group LLP (4.10%), Vanguard Group Inc. (2.64%), Alliancebernstein L.P. (2.01%) and FMR LLC (1.10%). Company insiders that own 1st Source stock include Andrea G Short, John B Griffith, Stanley Clark Carmichael, Steven J Wessell and Vinod M Khilnani. View Institutional Ownership Trends for 1st Source.

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

1st Source's stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., 1ST Source Bank, Vanguard Group Inc., Morgan Stanley, LSV Asset Management, BTIM Corp., Parametric Portfolio Associates LLC and Martingale Asset Management L P. Company insiders that have sold 1st Source stock in the last year include John B Griffith and Steven J Wessell. View Insider Buying and Selling for 1st Source.

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

1st Source's stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, United Services Automobile Association, AQR Capital Management LLC, FMR LLC, Schwab Charles Investment Management Inc., Alliancebernstein L.P., Nordea Investment Management AB and ClariVest Asset Management LLC. View Insider Buying and Selling for 1st Source.

How do I buy 1st Source stock?

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

What is 1st Source's stock price today?

One share of 1st Source stock can currently be purchased for approximately $46.35.


MarketBeat Community Rating for 1st Source (NASDAQ SRCE)
Community Ranking:  1.0 out of 5 ()
Outperform Votes:  12 (Vote Outperform)
Underperform Votes:  51 (Vote Underperform)
Total Votes:  63
MarketBeat's community ratings are surveys of what our community members think about 1st Source and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for 1st Source (NASDAQ:SRCE) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $41.50 (10.46% downside)

Analysts' Ratings History for 1st Source (NASDAQ:SRCE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
1/12/2017Piper Jaffray CompaniesInitiated CoverageOverweight$47.00N/AView Rating Details
7/21/2016DA DavidsonInitiated CoverageNeutral$36.00N/AView Rating Details
(Data available from 5/29/2015 forward)

Earnings

Earnings History for 1st Source (NASDAQ:SRCE)
Earnings by Quarter for 1st Source (NASDAQ:SRCE)
Earnings History by Quarter for 1st Source (NASDAQ SRCE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/19/2017        
4/20/20173/31/2017$0.55$0.62$67.00 million$67.03 millionViewN/AView Earnings Details
1/19/201712/31/2016$0.56$0.58$65.80 million$65.74 millionViewN/AView Earnings Details
10/20/2016Q3$0.58$0.55$66.30 million$65.36 millionViewN/AView Earnings Details
7/21/2016Q2$0.55$0.56$64.59 millionViewN/AView Earnings Details
4/21/2016Q1$0.51$0.53$62.92 millionViewN/AView Earnings Details
1/21/2016Q4$0.54$0.55$64.11 millionViewN/AView Earnings Details
10/22/2015Q3$0.56$0.53$63.34 millionViewN/AView Earnings Details
7/23/2015Q2$0.62$0.59$60.49 million$63.20 millionViewN/AView Earnings Details
4/23/2015Q115$0.56$0.56$59.26 million$59.19 millionViewN/AView Earnings Details
1/21/2015$0.56$0.62$60.72 millionViewN/AView Earnings Details
10/23/2014Q3$0.59$0.62$60.10 millionViewN/AView Earnings Details
7/24/2014Q2 14$0.56$0.59$59.38 millionViewN/AView Earnings Details
4/24/2014Q114$0.55$0.55$57.90 million$58.02 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 (NASDAQ:SRCE)
2017 EPS Consensus Estimate: $2.49
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
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 (NASDAQ:SRCE)
Most Recent Dividend:5/12/2017
Annual Dividend:$0.72
Dividend Yield:1.55%
Dividend Growth:1.90% (3 Year Average)
Payout Ratio:32.43% (Trailing 12 Months of Earnings)
28.69% (Based on This Year's Estimates)
25.62% (Based on Next Year's Estimates)
Track Record:31 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for 1st Source (NASDAQ:SRCE)

Dividend History by Quarter for 1st Source (NASDAQ SRCE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/21/2017quarterly$0.191.56%4/28/20175/2/20175/12/2017
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 and Institutional Ownership History for 1st Source (NASDAQ:SRCE)
Insider Ownership Percentage: 20.52%
Institutional Ownership Percentage: 64.38%
Insider Trades by Quarter for 1st Source (NASDAQ:SRCE)
Institutional Ownership by Quarter for 1st Source (NASDAQ:SRCE)
Insider Trades by Quarter for 1st Source (NASDAQ:SRCE)
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

Headline Trends for 1st Source (NASDAQ:SRCE)
Latest Headlines for 1st Source (NASDAQ:SRCE)
Source:
DateHeadline
finance.yahoo.com logoETFs with exposure to 1st Source Corp. : May 19, 2017
finance.yahoo.com - May 20 at 6:18 AM
finance.yahoo.com logo1st Source Corp. breached its 50 day moving average in a Bearish Manner : SRCE-US : May 18, 2017
finance.yahoo.com - May 18 at 12:59 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Somewhat Likely to Affect 1st Source (SRCE) Share Price
www.americanbankingnews.com - May 2 at 9:06 PM
americanbankingnews.com logoZacks Investment Research Upgrades 1st Source Co. (SRCE) to Buy
www.americanbankingnews.com - April 30 at 10:25 PM
americanbankingnews.com logo1st Source (SRCE) Earning Very Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 29 at 9:38 AM
nasdaq.com logo1st Source Corporation (SRCE) Ex-Dividend Date Scheduled for April 28, 2017 - Nasdaq
www.nasdaq.com - April 28 at 4:13 PM
finance.yahoo.com logo1st Source Corp. : SRCE-US: Dividend Analysis : May 02nd, 2017 (record date) : By the numbers : April 28, 2017
finance.yahoo.com - April 28 at 4:12 PM
americanbankingnews.com logoSomewhat Positive Media Coverage Unlikely to Impact 1st Source (SRCE) Share Price
www.americanbankingnews.com - April 26 at 8:04 PM
finance.yahoo.com logo1st Source Corp. :SRCE-US: Earnings Analysis: Q1, 2017 By the Numbers : April 24, 2017
finance.yahoo.com - April 24 at 11:24 AM
americanbankingnews.com logo1st Source (SRCE) Earns Daily Media Impact Rating of -0.22
www.americanbankingnews.com - April 23 at 11:02 AM
americanbankingnews.com logo 1st Source Co. (SRCE) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 22 at 12:47 AM
finance.yahoo.com logo1st Source Corp. breached its 50 day moving average in a Bullish Manner : SRCE-US : April 21, 2017
finance.yahoo.com - April 21 at 7:46 PM
americanbankingnews.com logo1st Source Co. (SRCE) Increases Dividend to $0.19 Per Share
www.americanbankingnews.com - April 21 at 6:30 PM
americanbankingnews.com logo1st Source Co. (SRCE) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS
www.americanbankingnews.com - April 21 at 1:14 PM
finance.yahoo.com logoRecord First Quarter Earnings at 1st Source Corporation, Cash Dividend Declared
finance.yahoo.com - April 20 at 8:06 PM
finance.yahoo.com logo1st Source posts 1Q profit
finance.yahoo.com - April 20 at 8:06 PM
americanbankingnews.com logo1st Source (SRCE) Receiving Very Positive Media Coverage, Report Shows
www.americanbankingnews.com - April 20 at 1:08 PM
americanbankingnews.com logo1st Source (SRCE) Earns Daily Media Impact Rating of -0.12
www.americanbankingnews.com - April 17 at 5:03 PM
americanbankingnews.com logo1st Source Co. (SRCE) to Release Earnings on Wednesday
www.americanbankingnews.com - April 17 at 7:24 AM
finance.yahoo.com logo1st Source Corp. breached its 50 day moving average in a Bearish Manner : SRCE-US : April 10, 2017
finance.yahoo.com - April 10 at 9:03 AM
americanbankingnews.com logo1st Source Co. (SRCE) Short Interest Up 106.2% in March
www.americanbankingnews.com - April 8 at 7:10 AM
finance.yahoo.com logo1ST SOURCE CORP Financials
finance.yahoo.com - February 23 at 8:10 PM
biz.yahoo.com logo1ST SOURCE CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - February 17 at 7:25 PM
biz.yahoo.com logo1ST SOURCE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - February 9 at 5:15 AM
nasdaq.com logo1st Source Corporation (SRCE) Ex-Dividend Date Scheduled for February 02, 2017 - Nasdaq
www.nasdaq.com - February 3 at 5:40 AM
finance.yahoo.com logo1st Source posts 4Q profit - Yahoo Finance
finance.yahoo.com - January 21 at 7:43 PM
us.rd.yahoo.com logo1st Source Corporation Reports Earnings, History of Increased Dividends Continues
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
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
us.rd.yahoo.com - January 20 at 6:51 AM
finance.yahoo.com logoCoverage initiated on 1st Source Corp by Piper Jaffray
finance.yahoo.com - January 12 at 10:46 PM
biz.yahoo.com logo1ST SOURCE CORP Files SEC form 8-K, Other Events
biz.yahoo.com - November 10 at 7:36 PM
nasdaq.com logo1st Source Corporation (SRCE) Ex-Dividend Date Scheduled for October
www.nasdaq.com - October 27 at 7:36 PM
businesswire.com logo1st Source Corporation Announces Third Quarter Earnings, Cash Dividend Declared
www.businesswire.com - October 21 at 7:28 PM
bizjournals.com logoMeet the latest bank to eye the Tampa Bay market for expansion
www.bizjournals.com - October 11 at 8:16 PM

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Chart

1st Source (SRCE) Chart for Monday, May, 29, 2017

This page was last updated on 5/29/2017 by MarketBeat.com Staff