1st Source Corporation (SRCE) Earns Coverage Optimism Rating of 0.18
News coverage about 1st Source Corporation (NASDAQ:SRCE) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. 1st Source Corporation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.4863793622213 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Western Digital Corporation Target of Unusually High Options Trading (WDC) (elcumanes.com)
- What Are the Charts Saying About 1st Source Corp (SRCE)? – Danville Daily (danvilledaily.com)
- 1st Source Corp. breached its 50 day moving average in a Bearish Manner : SRCE-US : August 10, 2017 (finance.yahoo.com)
- Investor Review: 1st Source Corp (SRCE) Shares Under the Microscope – Hayden Business Journal (haydenbusinessjournal.com)
- 1st Source Corp (SRCE) Touches $47.93, Above the Rising Trend – FLBC News (flbcnews.com)
1st Source Corporation (NASDAQ:SRCE) opened at 46.42 on Friday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 19.41 and a beta of 1.03. The stock’s 50 day moving average is $48.45 and its 200 day moving average is $47.10. 1st Source Corporation has a 52 week low of $33.27 and a 52 week high of $50.78.
1st Source Corporation (NASDAQ:SRCE) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The business had revenue of $70 million for the quarter, compared to analyst estimates of $68.90 million. 1st Source Corporation had a net margin of 21.41% and a return on equity of 9.14%. Equities research analysts expect that 1st Source Corporation will post $2.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, August 3rd. 1st Source Corporation’s dividend payout ratio is presently 31.80%.
Several research analysts have recently commented on SRCE shares. ValuEngine upgraded shares of 1st Source Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of 1st Source Corporation from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Wednesday, April 26th. Piper Jaffray Companies set a $55.00 price target on shares of 1st Source Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $47.00 price target on shares of 1st Source Corporation in a research note on Sunday, July 23rd. Finally, BidaskClub upgraded shares of 1st Source Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $52.33.
1st Source Corporation Company Profile
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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