Headlines about 1st Source Corporation (NASDAQ:SRCE) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. 1st Source Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.5356412126407 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several brokerages have recently commented on SRCE. Zacks Investment Research upgraded 1st Source Corporation from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, July 25th. Piper Jaffray Companies set a $55.00 price target on 1st Source Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 price target on shares of 1st Source Corporation in a research note on Sunday, July 23rd. BidaskClub upgraded 1st Source Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, ValuEngine upgraded 1st Source Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. 1st Source Corporation has an average rating of “Buy” and a consensus target price of $52.33.

1st Source Corporation (NASDAQ:SRCE) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. 1st Source Corporation had a return on equity of 9.14% and a net margin of 21.41%. The business had revenue of $70 million during the quarter, compared to analyst estimates of $68.90 million.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, August 3rd. 1st Source Corporation’s payout ratio is currently 31.80%.

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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.

Insider Buying and Selling by Quarter for 1st Source Corporation (NASDAQ:SRCE)

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