1st Source Corporation Company Profile (NASDAQ:SRCE)

About 1st Source Corporation (NASDAQ:SRCE)

1st Source Corporation 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: Commercial Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:SRCE
  • CUSIP: 33690110
  • Web: www.1stsource.com
Capitalization:
  • Market Cap: $1.22337 billion
  • Outstanding Shares: 25,935,000
Average Prices:
  • 50 Day Moving Avg: $47.09
  • 200 Day Moving Avg: $47.29
  • 52 Week Range: $33.27 - $50.78
P/E:
  • Trailing P/E Ratio: 19.93
  • Foreward P/E Ratio: 16.26
  • P/E Growth: 1.81
Sales & Book Value:
  • Annual Revenue: $261.58 million
  • Price / Sales: 4.72
  • Book Value: $26.96 per share
  • Price / Book: 1.77
Dividend:
  • Annual Dividend: $0.76
  • Dividend Yield: 1.6%
Profitability:
  • Net Margins: 21.41%
  • Return on Equity: 9.14%
  • Return on Assets: 1.13%
Debt:
  • Debt-to-Equity Ratio: 0.18%
  • Current Ratio: 0.93%
  • Quick Ratio: 0.93%
Misc:
  • Average Volume: 42,478 shs.
  • Beta: 1.04
  • Short Ratio: 9.95
 

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

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 Friday, July 21st. Stockholders of record on Monday, August 7th will be paid a dividend of $0.19 per share on Tuesday, August 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, August 3rd. View 1st Source Corporation's Dividend History.

How were 1st Source Corporation's earnings last quarter?

1st Source Corporation (NASDAQ:SRCE) issued its quarterly earnings data on Thursday, July, 20th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. The firm had revenue of $70 million for the quarter, compared to analysts' expectations of $68.90 million. 1st Source Corporation had a net margin of 21.41% and a return on equity of 9.14%. View 1st Source Corporation's Earnings History.

When will 1st Source Corporation make its next earnings announcement?

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

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

2 brokers have issued 12 month target prices for 1st Source Corporation's shares. Their forecasts range from $47.00 to $55.00. On average, they expect 1st Source Corporation's stock price to reach $51.00 in the next year. View Analyst Ratings for 1st Source Corporation.

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

Who are 1st Source Corporation's key executives?

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

  • Christopher J. Murphy III, Chairman of the Board, Chief Executive Officer; Chairman of the Board and Chief Executive Officer of the Bank
  • James R. Seitz, President of 1st Source Corporation, President of 1st Source 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
  • Jeffrey L. Buhr, Executive Vice President and Chief Credit Officer, 1st Source 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 Corporation stock?

1st Source Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include 1ST Source Bank (28.38%), Dimensional Fund Advisors LP (8.49%), Vanguard Group Inc. (2.74%), The Manufacturers Life Insurance Company (2.48%), Alliancebernstein L.P. (2.21%) and Janus Henderson Group PLC (1.46%). Company insiders that own 1st Source Corporation stock include John B Griffith, Stanley Clark Carmichael, Steven J Wessell and Vinod M Khilnani. View Institutional Ownership Trends for 1st Source Corporation.

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 Arrowstreet Capital Limited Partnership, BTIM Corp., FMR LLC, The Manufacturers Life Insurance Company , Martingale Asset Management L P, First Trust Advisors LP, Prudential Financial Inc. and Dimensional Fund Advisors LP. View Insider Buying and Selling for 1st Source Corporation.

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

1st Source Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Alliancebernstein L.P., Systematic Financial Management LP, WBI Investments Inc., Vanguard Group Inc., ClariVest Asset Management LLC, Citadel Advisors LLC and State Street Corp. View Insider Buying and Selling for 1st Source Corporation.

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.

What is 1st Source Corporation's stock price today?

One share of 1st Source Corporation stock can currently be purchased for approximately $47.65.


MarketBeat Community Rating for 1st Source Corporation (NASDAQ SRCE)
Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  48 (Vote Outperform)
Underperform Votes:  94 (Vote Underperform)
Total Votes:  142
MarketBeat's community ratings are surveys of what our community members think about 1st Source Corporation 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 Corporation (NASDAQ:SRCE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $51.00 (7.03% upside)

Analysts' Ratings History for 1st Source Corporation (NASDAQ:SRCE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/26/2017Piper Jaffray CompaniesSet Price TargetBuy$55.00MediumView Rating Details
7/23/2017Keefe, Bruyette & WoodsReiterated RatingHold$47.00LowView Rating Details
7/21/2016DA DavidsonInitiated CoverageNeutral$36.00N/AView Rating Details
(Data available from 9/19/2015 forward)

Earnings

Earnings History for 1st Source Corporation (NASDAQ:SRCE)
Earnings by Quarter for 1st Source Corporation (NASDAQ:SRCE)
Earnings History by Quarter for 1st Source Corporation (NASDAQ SRCE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/18/2017$0.63N/AView Earnings Details
7/20/20176/30/2017$0.61$0.64$68.90 million$70.00 millionViewN/AView Earnings Details
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 Corporation (NASDAQ:SRCE)
2017 EPS Consensus Estimate: $2.51
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.61$0.61$0.61
Q2 20171$0.61$0.61$0.61
Q3 20171$0.64$0.64$0.64
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)
Most Recent Dividend:8/15/2017
Annual Dividend:$0.76
Dividend Yield:1.59%
Dividend Growth:1.90% (3 Year Average)
Payout Ratio:31.80% (Trailing 12 Months of Earnings)
29.23% (Based on This Year's Estimates)
25.94% (Based on Next Year's Estimates)
Track Record:31 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for 1st Source Corporation (NASDAQ:SRCE)

Dividend History by Quarter for 1st Source Corporation (NASDAQ SRCE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/21/2017quarterly$0.191.55%8/3/20178/7/20178/15/2017
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 Corporation (NASDAQ:SRCE)
Insider Ownership Percentage: 20.34%
Institutional Ownership Percentage: 70.22%
Insider Trades by Quarter for 1st Source Corporation (NASDAQ:SRCE)
Institutional Ownership by Quarter for 1st Source Corporation (NASDAQ:SRCE)
Insider Trades by Quarter for 1st Source Corporation (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 Corporation (NASDAQ:SRCE)
Latest Headlines for 1st Source Corporation (NASDAQ:SRCE)
Source:
DateHeadline
americanbankingnews.com logo1st Source Corporation (SRCE) Upgraded by Zacks Investment Research to Buy
www.americanbankingnews.com - September 19 at 7:12 AM
americanbankingnews.com logo1st Source Corporation (SRCE) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - September 16 at 6:36 AM
nasdaq.com logo1st Source Enters Oversold Territory (SRCE)
www.nasdaq.com - September 8 at 8:42 AM
americanbankingnews.com logo1st Source Corporation (SRCE) Downgraded by ValuEngine
www.americanbankingnews.com - September 2 at 1:50 PM
finance.yahoo.com logo1st Source Corp. : SRCE-US: Dividend Analysis : August 07th, 2017 (record date) : By the numbers : September 1, 2017
finance.yahoo.com - September 2 at 9:02 AM
americanbankingnews.com logo1st Source Corporation (SRCE) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - August 29 at 11:46 AM
americanbankingnews.com logo1st Source Corporation (SRCE) Downgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - August 26 at 10:20 AM
finance.yahoo.com logoWhy 1st Source Corporation (SRCE) Stock is a Solid Bet Now
finance.yahoo.com - August 23 at 11:58 AM
americanbankingnews.com logo1st Source Corporation (SRCE) Upgraded to "Buy" at Zacks Investment Research
www.americanbankingnews.com - August 19 at 6:28 AM
americanbankingnews.com logoBidaskClub Downgrades 1st Source Corporation (SRCE) to Sell
www.americanbankingnews.com - August 18 at 7:35 PM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about 1St Source Corp.
finance.yahoo.com - August 15 at 7:14 AM
finance.yahoo.com logo1st Source Corp. breached its 50 day moving average in a Bearish Manner : SRCE-US : August 10, 2017
finance.yahoo.com - August 11 at 8:49 AM
finance.yahoo.com logoETFs with exposure to 1st Source Corp. : August 8, 2017
finance.yahoo.com - August 9 at 7:47 AM
americanbankingnews.com logoValuEngine Upgrades 1st Source Corporation (NASDAQ:SRCE) to Buy
www.americanbankingnews.com - August 7 at 10:36 PM
finance.yahoo.com logo1st Source Corp. :SRCE-US: Earnings Analysis: Q2, 2017 By the Numbers : July 26, 2017
finance.yahoo.com - July 27 at 7:49 AM
americanbankingnews.com logo1st Source Corporation (SRCE) to Post Q3 2017 Earnings of $0.64 Per Share, DA Davidson Forecasts
www.americanbankingnews.com - July 24 at 7:22 AM
americanbankingnews.com logoKeefe, Bruyette & Woods Reiterates Hold Rating for 1st Source Corporation (SRCE)
www.americanbankingnews.com - July 23 at 1:50 PM
americanbankingnews.com logo1st Source Corporation (SRCE) Plans Quarterly Dividend of $0.19
www.americanbankingnews.com - July 21 at 3:14 PM
americanbankingnews.com logo1st Source Corporation (SRCE) Posts Earnings Results, Beats Estimates By $0.03 EPS
www.americanbankingnews.com - July 21 at 10:22 AM
streetinsider.com logo1st Source Corp (SRCE) Tops Q2 EPS by 3c - StreetInsider.com
www.streetinsider.com - July 21 at 7:22 AM
finance.yahoo.com logoRecord Second Quarter Earnings at 1st Source Corporation, Cash Dividend Declared
finance.yahoo.com - July 21 at 7:22 AM
finance.yahoo.com logo1st Source posts 2Q profit
finance.yahoo.com - July 21 at 7:22 AM
americanbankingnews.com logo1st Source Corporation (NASDAQ:SRCE) Scheduled to Post Earnings on Wednesday
www.americanbankingnews.com - July 17 at 7:30 AM
americanbankingnews.com logoZacks: 1st Source Corporation (NASDAQ:SRCE) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - July 4 at 11:09 AM
finance.yahoo.com logo1st Source Corp. breached its 50 day moving average in a Bearish Manner : SRCE-US : June 23, 2017
finance.yahoo.com - June 24 at 6:56 AM
americanbankingnews.com logo1st Source Corporation (SRCE) Downgraded by Zacks Investment Research
www.americanbankingnews.com - June 22 at 7:30 AM
americanbankingnews.com logo Brokerages Set $50.75 Price Target for 1st Source Corporation (SRCE)
www.americanbankingnews.com - June 15 at 4:20 PM
finance.yahoo.com logo1st Source Corp. – Value Analysis (NASDAQ:SRCE) : June 12, 2017
finance.yahoo.com - June 12 at 7:25 PM
americanbankingnews.com logo1st Source Co. (SRCE) Upgraded to "Buy" at Zacks Investment Research
www.americanbankingnews.com - June 11 at 1:26 PM
americanbankingnews.com logoBidaskClub Upgrades 1st Source Co. (SRCE) to Hold
www.americanbankingnews.com - June 10 at 5:32 PM
finance.yahoo.com logo1st Source Corp. breached its 50 day moving average in a Bullish Manner : SRCE-US : June 9, 2017
finance.yahoo.com - June 9 at 9:06 AM
americanbankingnews.com logo1st Source Co. (SRCE) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - June 3 at 10:56 AM
americanbankingnews.com logo1st Source Co. (SRCE) Upgraded to Buy at ValuEngine
www.americanbankingnews.com - June 3 at 8:56 AM
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

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Chart

1st Source Corporation (SRCE) Chart for Tuesday, September, 19, 2017

This page was last updated on 9/19/2017 by MarketBeat.com Staff