1st Source (NASDAQ:SRCE) Announces Quarterly Earnings Results

1st Source (NASDAQ:SRCE) announced its quarterly earnings results on Thursday. The financial services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07, Zacks reports. 1st Source had a return on equity of 11.68% and a net margin of 23.01%.

1st Source Trading Up 0.5 %

1st Source stock opened at $57.55 on Friday. The stock has a 50-day moving average price of $60.96 and a 200 day moving average price of $60.27. 1st Source has a 52 week low of $47.30 and a 52 week high of $68.13. The stock has a market cap of $1.41 billion, a PE ratio of 10.96 and a beta of 0.82. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of 1st Source in a report on Saturday, January 18th.

About 1st Source

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products 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 mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.