1st Source (NASDAQ:SRCE) Issues Earnings Results

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

NASDAQ:SRCE opened at $42.78 on Friday. The company has a 50-day moving average price of $40.91 and a 200-day moving average price of $35.93. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 14.26 and a beta of 1.15. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. 1st Source has a 12 month low of $26.07 and a 12 month high of $50.45.

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

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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