A number of research firms have changed their ratings and price targets for 1st Source Corporation (NASDAQ: SRCE):

  • 8/7/2017 – 1st Source Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/26/2017 – 1st Source Corporation was given a new $55.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 7/25/2017 – 1st Source Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “1ST SOURCE CORP.is a bank holding company engaged in general banking business. The bank offers a broad range of commercial banking, personal banking and trust services. In addition, 1st Source Bank provides highly specialized financing services for: automobile fleets in the rental and leasing industries; privately-held used aircraft; heavy duty trucks and construction equipment.These services are marketed nationwide. “
  • 7/23/2017 – 1st Source Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $47.00 price target on the stock.
  • 6/22/2017 – 1st Source Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “1ST SOURCE CORP.is a bank holding company engaged in general banking business. The bank offers a broad range of commercial banking, personal banking and trust services. In addition, 1st Source Bank provides highly specialized financing services for: automobile fleets in the rental and leasing industries; privately-held used aircraft; heavy duty trucks and construction equipment.These services are marketed nationwide. “

1st Source Corporation (SRCE) opened at 47.73 on Thursday. The company has a market cap of $1.24 billion, a P/E ratio of 19.96 and a beta of 1.03. The firm’s 50-day moving average price is $48.49 and its 200-day moving average price is $47.10. 1st Source Corporation has a 12-month low of $33.27 and a 12-month high of $50.78.

1st Source Corporation (NASDAQ:SRCE) last posted its quarterly earnings results 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 net margin of 21.41% and a return on equity of 9.14%. The firm had revenue of $70 million during the quarter, compared to the consensus estimate of $68.90 million. Analysts expect that 1st Source Corporation will post $2.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, August 3rd. 1st Source Corporation’s payout ratio is presently 31.80%.

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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