1st 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:
- 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: N/A
- Foreward P/E Ratio: 16.49
- P/E Growth: 1.85
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 announced 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 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, April 28th. This is an increase 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) released its quarterly earnings results on Thursday, April, 20th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.55 by $0.07. The business earned $67.03 million during the quarter, compared to analyst estimates 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?
Where is 1st Source's stock going? Where will 1st Source's stock price be in 2017?
2 analysts have issued 12-month target prices for 1st Source's shares. Their predictions range from $36.00 to $47.00. On average, they expect 1st Source's share 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?
Some companies that are related to 1st Source include Old National Bancorp (ONB), First Merchants (FRME), First Financial Bancorp (FFBC), First Busey (BUSE), Lakeland Financial (LKFN), National Bank Holdings Corp (NBHC), MainSource Financial Group (MSFG), German American Bancorp. (GABC), First Financial Corp (THFF), Peoples Bancorp (PEBO), First Foundation (FFWM), Mercantile Bank Corp. (MBWM), Independent Bank Co.(MI) (IBCP), First Mid-Illinois Bancshares (FMBH), Farmers National Banc Corp (FMNB), Old Second Bancorp (OSBC), Macatawa Bank (MCBC) and MutualFirst Financial (MFSF).
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 institutional and retail investors. Top institutional investors 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)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.
Consensus Ratings for 1st Source (NASDAQ:SRCE) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.| 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:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 1/12/2017 | Piper Jaffray Companies | Initiated Coverage | Overweight | $47.00 | N/A |  |
| 7/21/2016 | DA Davidson | Initiated Coverage | Neutral | $36.00 | N/A | |
(Data available from 5/30/2015 forward)
Earnings History for 1st Source (NASDAQ:SRCE)Earnings History by Quarter for 1st Source (NASDAQ SRCE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 7/19/2017 | | | | | | | | |
| 4/20/2017 | 3/31/2017 | $0.55 | $0.62 | $67.00 million | $67.03 million | View | N/A | |
| 1/19/2017 | 12/31/2016 | $0.56 | $0.58 | $65.80 million | $65.74 million | View | N/A | |
| 10/20/2016 | Q3 | $0.58 | $0.55 | $66.30 million | $65.36 million | View | N/A | |
| 7/21/2016 | Q2 | $0.55 | $0.56 | | $64.59 million | View | N/A | |
| 4/21/2016 | Q1 | $0.51 | $0.53 | | $62.92 million | View | N/A | |
| 1/21/2016 | Q4 | $0.54 | $0.55 | | $64.11 million | View | N/A | |
| 10/22/2015 | Q3 | $0.56 | $0.53 | | $63.34 million | View | N/A | |
| 7/23/2015 | Q2 | $0.62 | $0.59 | $60.49 million | $63.20 million | View | N/A | |
| 4/23/2015 | Q115 | $0.56 | $0.56 | $59.26 million | $59.19 million | View | N/A | |
| 1/21/2015 | | $0.56 | $0.62 | | $60.72 million | View | N/A | |
| 10/23/2014 | Q3 | $0.59 | $0.62 | | $60.10 million | View | N/A | |
| 7/24/2014 | Q2 14 | $0.56 | $0.59 | | $59.38 million | View | N/A | |
| 4/24/2014 | Q114 | $0.55 | $0.55 | $57.90 million | $58.02 million | View | N/A | |
| 1/22/2014 | Q4 | $0.56 | $0.56 | | | View | N/A | |
| 10/30/2013 | Q3 13 | | $0.60 | | | View | N/A | |
| 7/26/2013 | Q213 | | $0.56 | | | View | N/A | |
| 4/25/2013 | Q1 2013 | | $0.50 | | | View | N/A | |
| 1/22/2013 | Q4 2012 | | $0.50 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for 1st Source (NASDAQ:SRCE)2017 EPS Consensus Estimate: $2.49
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.61 | $0.61 | $0.61 |
| Q2 2017 | 1 | $0.61 | $0.61 | $0.61 |
| Q3 2017 | 1 | $0.62 | $0.62 | $0.62 |
| Q4 2017 | 1 | $0.65 | $0.65 | $0.65 |
| Q1 2018 | 1 | $0.63 | $0.63 | $0.63 |
| Q2 2018 | 1 | $0.62 | $0.62 | $0.62 |
| Q3 2018 | 1 | $0.64 | $0.64 | $0.64 |
(Data provided by Zacks Investment Research)
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 History by Quarter for 1st Source (NASDAQ SRCE)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/21/2017 | quarterly | $0.19 | 1.56% | 4/28/2017 | 5/2/2017 | 5/12/2017 |
| 1/19/2017 | Quarterly | $0.18 | 1.58% | 2/2/2017 | 2/6/2017 | 2/15/2017 |
| 10/21/2016 | quarterly | $0.18 | 2.12% | 10/28/2016 | 11/1/2016 | 11/11/2016 |
| 7/22/2016 | quarterly | $0.18 | 2.09% | 7/29/2016 | 8/2/2016 | 8/12/2016 |
| 4/22/2016 | quarterly | $0.18 | 2.14% | 4/29/2016 | 5/3/2016 | 5/13/2016 |
| 1/22/2016 | quarterly | $0.18 | 2.58% | 1/28/2016 | 2/1/2016 | 2/12/2016 |
| 10/23/2015 | quarterly | $0.18 | 2.29% | 10/30/2015 | 11/3/2015 | 11/13/2015 |
| 7/24/2015 | quarterly | $0.18 | 2.13% | 7/31/2015 | 8/4/2015 | 8/14/2015 |
| 4/24/2015 | quarterly | $0.18 | 2.24% | 5/1/2015 | 5/5/2015 | 5/15/2015 |
| 1/22/2015 | quarterly | $0.18 | 2.22% | 1/30/2015 | 2/3/2015 | 2/13/2015 |
| 10/23/2014 | quarterly | $0.18 | 2.46% | 11/3/2014 | 11/5/2014 | 11/14/2014 |
| 7/24/2014 | quarterly | $0.18 | 2.5% | 8/1/2014 | 8/5/2014 | 8/15/2014 |
| 4/25/2014 | quarterly | $0.18 | 2.41% | 5/1/2014 | 5/5/2014 | 5/15/2014 |
| 1/22/2014 | quarterly | $0.17 | 2.16% | 1/31/2014 | 2/4/2014 | 2/14/2014 |
| 10/24/2013 | quarterly | $0.17 | 2.23% | 11/1/2013 | 11/5/2013 | 11/15/2013 |
| 7/25/2013 | quarterly | $0.17 | 2.48% | 8/1/2013 | 8/5/2013 | 8/15/2013 |
| 4/25/2013 | quarterly | $0.17 | 2.94% | 5/3/2013 | 5/7/2013 | 5/15/2013 |
| 1/22/2013 | quarterly | $0.17 | 3.09% | 1/31/2013 | 2/4/2013 | 2/15/2013 |
(Data available from 1/1/2013 forward)
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 11/28/2016 | John B Griffith | VP | Sell | 2,500 | $39.08 | $97,700.00 | |
| 7/25/2016 | Steven J Wessell | Insider | Sell | 10,000 | $33.06 | $330,600.00 | |
| 5/2/2016 | Vinod M Khilnani | Director | Buy | 1,000 | $34.55 | $34,550.00 | |
| 12/10/2015 | Stanley Clark Carmichael | Major Shareholder | Sell | 600,000 | $29.74 | $17,844,000.00 | |
| 9/11/2015 | Andrea G Short | CFO | Sell | 2,500 | $29.94 | $74,850.00 | |
| 6/1/2015 | John B Griffith | VP | Sell | 1,542 | $25.75 | $39,706.50 | |
| 3/13/2015 | James R Seitz | President | Sell | 1,000 | $32.08 | $32,080.00 | |
| 3/13/2015 | John B Griffith | VP | Sell | 3,192 | $31.70 | $101,186.40 | |
| 3/6/2015 | Wellington D Jones III | Director | Sell | 11,845 | $31.15 | $368,971.75 | |
| 3/3/2015 | Wellington D Jones III | Director | Sell | 11,000 | $31.03 | $341,330.00 | |
| 2/27/2015 | Wellington D Jones III | Director | Sell | 11,117 | $31.36 | $348,629.12 | |
| 2/13/2015 | Wellington D Jones III | Director | Sell | 2,000 | $31.43 | $62,860.00 | |
| 8/11/2014 | Wellington D Jones III | Director | Sell | 1,090 | $29.26 | $31,893.40 | |
| 5/7/2014 | Wellington D Jones III | Director | Sell | 1,762 | $30.04 | $52,930.48 | |
| 11/15/2013 | Wellington D Jones III | Director | Sell | 1,650 | $31.52 | $52,008.00 | |
| 3/13/2013 | John B Griffith | VP | Sell | 3,006 | $24.01 | $72,174.06 | |
| 3/6/2013 | James R Seitz | President | Sell | 1,271 | $23.58 | $29,970.18 | |
| 2/14/2013 | Source Bank T'ee Carmen C 1St | Major Shareholder | Sell | 61,426 | $23.13 | $1,420,783.38 | |
(Data available from 1/1/2013 forward)
Headline Trends for 1st Source (NASDAQ:SRCE)
Latest Headlines for 1st Source (NASDAQ:SRCE)
| Source: |
|
| Date | Headline |
|---|
 | ETFs with exposure to 1st Source Corp. : May 19, 2017
finance.yahoo.com - May 20 at 6:18 AM |
| 1st 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 |
 | Somewhat Positive Press Coverage Somewhat Likely to Affect 1st Source (SRCE) Share Price
www.americanbankingnews.com - May 2 at 9:06 PM |
| Zacks Investment Research Upgrades 1st Source Co. (SRCE) to Buy
www.americanbankingnews.com - April 30 at 10:25 PM |
| 1st Source (SRCE) Earning Very Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 29 at 9:38 AM |
 | 1st Source Corporation (SRCE) Ex-Dividend Date Scheduled for April 28, 2017 - Nasdaq
www.nasdaq.com - April 28 at 4:13 PM |
| 1st 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 |
| Somewhat Positive Media Coverage Unlikely to Impact 1st Source (SRCE) Share Price
www.americanbankingnews.com - April 26 at 8:04 PM |
| 1st Source Corp. :SRCE-US: Earnings Analysis: Q1, 2017 By the Numbers : April 24, 2017
finance.yahoo.com - April 24 at 11:24 AM |
| 1st Source (SRCE) Earns Daily Media Impact Rating of -0.22
www.americanbankingnews.com - April 23 at 11:02 AM |
| 1st Source Co. (SRCE) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 22 at 12:47 AM |
| 1st 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 |
| 1st Source Co. (SRCE) Increases Dividend to $0.19 Per Share
www.americanbankingnews.com - April 21 at 6:30 PM |
| 1st Source Co. (SRCE) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS
www.americanbankingnews.com - April 21 at 1:14 PM |
| Record First Quarter Earnings at 1st Source Corporation, Cash Dividend Declared
finance.yahoo.com - April 20 at 8:06 PM |
| 1st Source posts 1Q profit
finance.yahoo.com - April 20 at 8:06 PM |
| 1st Source (SRCE) Receiving Very Positive Media Coverage, Report Shows
www.americanbankingnews.com - April 20 at 1:08 PM |
| 1st Source (SRCE) Earns Daily Media Impact Rating of -0.12
www.americanbankingnews.com - April 17 at 5:03 PM |
| 1st Source Co. (SRCE) to Release Earnings on Wednesday
www.americanbankingnews.com - April 17 at 7:24 AM |
| 1st 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 |
| 1st Source Co. (SRCE) Short Interest Up 106.2% in March
www.americanbankingnews.com - April 8 at 7:10 AM |
| 1ST SOURCE CORP Financials
finance.yahoo.com - February 23 at 8:10 PM |
| 1ST SOURCE CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - February 17 at 7:25 PM |
| 1ST SOURCE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - February 9 at 5:15 AM |
| 1st Source Corporation (SRCE) Ex-Dividend Date Scheduled for February 02, 2017 - Nasdaq
www.nasdaq.com - February 3 at 5:40 AM |
| 1st Source posts 4Q profit - Yahoo Finance
finance.yahoo.com - January 21 at 7:43 PM |
 | 1st Source Corporation Reports Earnings, History of Increased Dividends Continues
us.rd.yahoo.com - January 20 at 6:51 AM |
| 4:07 pm 1st Source Corp beats on the bottom line
us.rd.yahoo.com - January 20 at 6:51 AM |
| 1ST 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 |
| Coverage initiated on 1st Source Corp by Piper Jaffray
finance.yahoo.com - January 12 at 10:46 PM |
| 1ST SOURCE CORP Files SEC form 8-K, Other Events
biz.yahoo.com - November 10 at 7:36 PM |
| 1st Source Corporation (SRCE) Ex-Dividend Date Scheduled for October
www.nasdaq.com - October 27 at 7:36 PM |
 | 1st Source Corporation Announces Third Quarter Earnings, Cash Dividend Declared
www.businesswire.com - October 21 at 7:28 PM |
 | Meet the latest bank to eye the Tampa Bay market for expansion
www.bizjournals.com - October 11 at 8:16 PM |
1st Source (SRCE) Chart for Tuesday, May, 30, 2017
