1st Source Corporation (SRCE) Earns Coverage Optimism Rating of 0.10
Media coverage about 1st Source Corporation (NASDAQ:SRCE) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. 1st Source Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.2388867404221 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
SRCE has been the topic of a number of research reports. Zacks Investment Research cut shares of 1st Source Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. BidaskClub upgraded shares of 1st Source Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. ValuEngine cut shares of 1st Source Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $47.00 target price on shares of 1st Source Corporation in a report on Sunday, July 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. 1st Source Corporation has a consensus rating of “Hold” and a consensus target price of $51.67.
Shares of 1st Source Corporation (SRCE) traded up 0.43% during trading on Friday, reaching $47.17. 72,746 shares of the company were exchanged. The firm has a market capitalization of $1.22 billion, a P/E ratio of 19.73 and a beta of 1.04. 1st Source Corporation has a 1-year low of $33.27 and a 1-year high of $50.78. The firm’s 50 day moving average is $47.12 and its 200 day moving average is $47.29.
1st Source Corporation (NASDAQ:SRCE) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $70.00 million for the quarter, compared to the consensus estimate of $68.90 million. On average, equities analysts anticipate that 1st Source Corporation will post $2.59 EPS for the current fiscal year.
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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