1st Source Corporation (NASDAQ:SRCE) will issue its quarterly earnings data on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.
1st Source Corporation (NASDAQ:SRCE) last issued its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The firm had revenue of $67.03 million for the quarter, compared to analysts’ expectations of $67 million. 1st Source Corporation had a return on equity of 8.95% and a net margin of 21.12%. On average, analysts expect 1st Source Corporation to post $2.51 EPS for the current fiscal year and $2.81 EPS for the next fiscal year.
1st Source Corporation (NASDAQ:SRCE) opened at 48.81 on Tuesday. The company has a 50-day moving average price of $47.18 and a 200 day moving average price of $46.20. 1st Source Corporation has a 12 month low of $32.90 and a 12 month high of $50.78. The firm has a market cap of $1.27 billion, a PE ratio of 21.13 and a beta of 1.03.
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SRCE has been the topic of several research reports. Zacks Investment Research upgraded shares of 1st Source Corporation from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Wednesday, April 26th. ValuEngine upgraded shares of 1st Source Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of 1st Source Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. 1st Source Corporation currently has an average rating of “Hold” and an average target price of $45.00.
About 1st Source Corporation
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.
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