Dean Investment Associates LLC Sells 14,739 Shares of 1st Source Co. (NASDAQ:SRCE)

Dean Investment Associates LLC trimmed its stake in shares of 1st Source Co. (NASDAQ:SRCE) by 20.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,039 shares of the financial services provider’s stock after selling 14,739 shares during the period. Dean Investment Associates LLC owned about 0.24% of 1st Source worth $3,535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SRCE. Denali Advisors LLC raised its position in 1st Source by 47.0% in the 2nd quarter. Denali Advisors LLC now owns 105,100 shares of the financial services provider’s stock valued at $5,635,000 after buying an additional 33,600 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of 1st Source by 625.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 33,227 shares of the financial services provider’s stock worth $1,989,000 after acquiring an additional 28,648 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of 1st Source in the third quarter valued at approximately $1,713,000. Jane Street Group LLC increased its stake in 1st Source by 152.7% in the 3rd quarter. Jane Street Group LLC now owns 35,169 shares of the financial services provider’s stock valued at $2,106,000 after buying an additional 21,254 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in 1st Source by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 174,688 shares of the financial services provider’s stock worth $9,367,000 after buying an additional 18,049 shares in the last quarter. 74.45% of the stock is owned by institutional investors and hedge funds.

1st Source Trading Down 0.4 %

1st Source stock opened at $64.17 on Friday. The firm has a 50-day moving average of $62.19 and a 200-day moving average of $58.41. 1st Source Co. has a one year low of $47.30 and a one year high of $68.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 12.22 and a beta of 0.80.

1st Source (NASDAQ:SRCE) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.05. The business had revenue of $97.93 million for the quarter, compared to analyst estimates of $97.30 million. 1st Source had a net margin of 23.01% and a return on equity of 11.68%. During the same quarter last year, the firm earned $1.32 EPS. On average, equities analysts expect that 1st Source Co. will post 5.36 earnings per share for the current fiscal year.

1st Source Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, November 5th. 1st Source’s payout ratio is 27.43%.

1st Source Profile

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.