1st Source Corporation (NASDAQ:SRCE) Set to Announce Quarterly Earnings on Wednesday
1st Source Corporation (NASDAQ:SRCE) is set to post its quarterly earnings results on Wednesday, July 19th. Analysts expect 1st Source Corporation to post earnings of $0.61 per share for the quarter.
1st Source Corporation (NASDAQ:SRCE) last announced its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.55 by $0.07. 1st Source Corporation had a net margin of 21.12% and a return on equity of 8.95%. The company had revenue of $67.03 million for the quarter, compared to analyst estimates of $67 million. 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.
Shares of 1st Source Corporation (NASDAQ:SRCE) opened at 48.81 on Tuesday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 21.13 and a beta of 1.03. The firm has a 50 day moving average of $47.18 and a 200 day moving average of $46.20. 1st Source Corporation has a 52 week low of $32.90 and a 52 week high of $50.78.
SRCE has been the subject of several analyst reports. BidaskClub raised shares of 1st Source Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research raised shares of 1st Source Corporation from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday, April 26th. Finally, ValuEngine raised shares of 1st Source Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.00.
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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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