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

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$43.18 -1.33 (-2.99 %)

(As of 12/14/2018 04:00 PM ET)

Previous Close$44.51

Today's Range$43.14 - $44.49

52-Week Range$39.93 - $59.33

Volume74,053 shs

Average Volume45,470 shs

Market Capitalization$1.17 billion

P/E Ratio17.27

Dividend Yield2.21%

Beta0.97

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

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:SRCE

Previous Symbol

CUSIP33690110

Webwww.1stsource.com

Phone574-235-2000

Debt

Debt-to-Equity Ratio0.17

Current Ratio0.93

Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio17.27

Forward P/E Ratio13.49

P/E Growth1.41

Sales & Book Value

Annual Sales$311.09 million

Price / Sales3.60

Cash Flow$3.7877 per share

Price / Cash Flow11.40

Book Value$27.70 per share

Price / Book1.56

Profitability

EPS (Most Recent Fiscal Year)$2.50

Net Income$68.05 million

Net Margins22.98%

Return on Equity10.41%

Return on Assets1.24%

Miscellaneous

Employees1,125

Outstanding Shares25,970,000

Market Cap$1.17 billion

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, October 19th. Stockholders of record on Monday, November 5th will be given a dividend of $0.25 per share on Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, November 2nd. View 1st Source's Dividend History.

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) announced its quarterly earnings data on Thursday, October, 18th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by $0.13. The financial services provider had revenue of $78.42 million for the quarter, compared to analyst estimates of $78.50 million. 1st Source had a return on equity of 10.41% and a net margin of 22.98%. 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, January 17th 2019. View Earnings Estimates for 1st Source.

What price target have analysts set for SRCE?

2 brokers have issued twelve-month price objectives for 1st Source's stock. Their forecasts range from $53.00 to $59.00. On average, they anticipate 1st Source's share price to reach $56.00 in the next twelve months. This suggests a possible upside of 29.7% from the stock's current price. View Analyst Price Targets for 1st Source.

What is the consensus analysts' recommendation for 1st Source?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 1st Source in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for 1st Source.

Has 1st Source been receiving favorable news coverage?

Media stories about SRCE stock have been trending somewhat positive on Saturday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. 1st Source earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.

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

Some companies that are related to 1st Source include Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), First Financial Bankshares (FFIN), Investors Bancorp (ISBC), Wintrust Financial (WTFC), IBERIABANK (IBKC), Glacier Bancorp (GBCI), Associated Banc (ASB), United Bankshares (UBSI), First Hawaiian (FHB), Chemical Financial (CHFC), Bank of Hawaii (BOH), Home Bancshares (HOMB), CVB Financial (CVBF) and Cathay General Bancorp (CATY).

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 & Director (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)

Who are 1st Source's major shareholders?

1st Source's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include 1ST Source Bank (27.82%), Dimensional Fund Advisors LP (8.19%), BlackRock Inc. (4.46%), Vanguard Group Inc. (2.75%), Vanguard Group Inc (2.75%) and Janus Henderson Group PLC (2.31%). 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 ClariVest Asset Management LLC, Nordea Investment Management AB, FMR LLC, BTIM Corp., Dimensional Fund Advisors LP, Janus Henderson Group PLC, Renaissance Technologies LLC and Citadel Advisors LLC. Company insiders that have sold 1st Source company stock in the last year include Allison N Egidi and Jeffrey L Buhr. View Insider Buying and Selling for 1st Source.

Which institutional investors are buying 1st Source stock?

SRCE stock was purchased by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Vanguard Group Inc, Vanguard Group Inc., Bank of Montreal Can, BlackRock Inc., Dynamic Technology Lab Private Ltd, Assenagon Asset Management S.A. and Reinhart Partners 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 $43.18.

How big of a company is 1st Source?

1st Source has a market capitalization of $1.17 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.

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:		2.3 out of 5 ( )
Outperform Votes:		180 (Vote Outperform)
Underperform Votes:		209 (Vote Underperform)
Total Votes:		389

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 12/15/2018 by MarketBeat.com Staff

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