NASDAQ:SRCE - 1st Source Stock Price, Price Target & More

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$56.60 +0.06 (+0.11 %)
(As of 06/21/2018 03:13 PM ET)
Previous Close$56.49
Today's Range$56.49 - $56.60
52-Week Range$44.58 - $56.72
Volume101 shs
Average Volume43,396 shs
Market Capitalization$1.46 billion
P/E Ratio22.61
Dividend Yield1.71%
Beta1.08
1st Source logo1st 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
SymbolNASDAQ:SRCE
CUSIP33690110
Phone574-235-2000

Debt

Debt-to-Equity Ratio0.18
Current Ratio0.92
Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio22.61
Forward P/E Ratio16.80
P/E Growth1.67

Sales & Book Value

Annual Sales$311.09 million
Price / Sales4.72
Cash Flow$3.9887 per share
Price / Cash14.19
Book Value$27.70 per share
Price / Book2.04

Profitability

EPS (Most Recent Fiscal Year)$2.50
Net Income$68.05 million
Net Margins22.08%
Return on Equity9.58%
Return on Assets1.17%

Miscellaneous

Employees1,125
Outstanding Shares25,950,000

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 announced a quarterly dividend on Friday, April 20th. Investors of record on Monday, May 7th will be given a dividend of $0.24 per share on Tuesday, May 15th. This represents a $0.96 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, May 4th. This is a positive change from 1st Source's previous quarterly dividend of $0.22. View 1st Source's Dividend History.

How were 1st Source's earnings last quarter?

1st Source (NASDAQ:SRCE) posted its quarterly earnings data on Thursday, April, 19th. The financial services provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.78 by $0.05. The financial services provider earned $74.34 million during the quarter, compared to analyst estimates of $72.60 million. 1st Source had a net margin of 22.08% and a return on equity of 9.58%. 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, July, 19th 2018. View Earnings Estimates for 1st Source.

What price target have analysts set for SRCE?

3 brokers have issued 1 year target prices for 1st Source's shares. Their predictions range from $53.00 to $59.00. On average, they expect 1st Source's stock price to reach $55.00 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:
  • Mr. Christopher J. Murphy III, Chairman & CEO (Age 71)
  • Mr. James R. Seitz, Pres (Age 65)
  • Ms. Andrea G. Short, Exec. VP, Treasurer & CFO (Age 55)
  • Mr. John B. Griffith, Chief Admin. Officer, Exec. VP, Gen. Counsel & Sec. (Age 60)
  • Mr. Jeffrey L. Buhr, Exec. VP & Chief Credit Officer of 1st Source Bank (Age 58)

Has 1st Source been receiving favorable news coverage?

News articles about SRCE stock have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. 1st Source earned a coverage optimism score of 0.05 on Accern's scale. They also gave headlines about the financial services provider an impact score of 46.20 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Who are 1st Source's major shareholders?

1st Source's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.37%), BlackRock Inc. (4.30%), The Manufacturers Life Insurance Company (2.19%), Northern Trust Corp (1.00%), JPMorgan Chase & Co. (0.93%) and Millennium Management LLC (0.76%). Company insiders that own 1st Source stock include Allison N Egidi, John B Griffith, Melody Birmingham-Byrd and Steven J Wessell. View Institutional Ownership Trends for 1st Source.

Which major investors are selling 1st Source stock?

SRCE stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Citadel Advisors LLC, Russell Investments Group Ltd., Dimensional Fund Advisors LP, Millennium Management LLC, BlackRock Inc., Federated Investors Inc. PA and Teacher Retirement System of Texas. View Insider Buying and Selling for 1st Source.

Which major investors are buying 1st Source stock?

SRCE stock was bought by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Chicago Equity Partners LLC, Alps Advisors Inc., Systematic Financial Management LP, Schwab Charles Investment Management Inc. and The Manufacturers Life Insurance Company. 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 $56.60.

How big of a company is 1st Source?

1st Source has a market capitalization of $1.46 billion and generates $311.09 million in revenue each year. The financial services provider earns $68.05 million in net income (profit) each year or $2.50 on an earnings per share basis. 1st Source employs 1,125 workers across the globe.

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 (SRCE)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  126 (Vote Outperform)
Underperform Votes:  156 (Vote Underperform)
Total Votes:  282
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 6/21/2018 by MarketBeat.com Staff

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