1st Source (NASDAQ:SRCE) Issues Earnings Results

1st Source (NASDAQ:SRCE) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.03 earnings per share (EPS) 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 NASDAQ:SRCE opened at $42.78 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $40.91 and its two-hundred day simple moving average is $35.93. 1st Source has a 1-year low of $26.07 and a 1-year high of $50.45. The stock has a market cap of $1.09 billion, a PE ratio of 14.26 and a beta of 1.15.

SRCE has been the topic of a number of research analyst reports. Piper Sandler increased their price target on 1st Source from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. TheStreet upgraded 1st Source from a “c” rating to a “b-” rating in a report on Friday, November 13th.

1st Source Company Profile

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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