1st Source (NASDAQ:SRCE) Announces Earnings Results


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1st Source (NASDAQ:SRCE) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.32, MarketWatch Earnings reports. 1st Source had a return on equity of 8.68% and a net margin of 20.93%.

Shares of SRCE opened at $42.78 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The company’s fifty day moving average price is $40.91 and its 200-day moving average price is $35.93. 1st Source has a 1-year low of $26.07 and a 1-year high of $50.45. The firm has a market capitalization of $1.09 billion, a PE ratio of 14.26 and a beta of 1.15.

A number of research analysts have recently issued reports on the stock. TheStreet raised shares of 1st Source from a “c” rating to a “b-” rating in a research report on Friday, November 13th. Piper Sandler boosted their price target on 1st Source from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th.

About 1st Source

1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory 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.

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Earnings History for 1st Source (NASDAQ:SRCE)

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