1st Source (SRCE) Earning Somewhat Positive News Coverage, Analysis Shows
Media headlines about 1st Source (NASDAQ:SRCE) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. 1st Source earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.0540428302156 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of 1st Source (SRCE) opened at $50.85 on Thursday. The firm has a market capitalization of $1,356.20, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. 1st Source has a 1-year low of $40.83 and a 1-year high of $53.29.
1st Source (NASDAQ:SRCE) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66. The business had revenue of $72.82 million during the quarter, compared to the consensus estimate of $70.20 million. 1st Source had a return on equity of 9.43% and a net margin of 21.74%. equities analysts anticipate that 1st Source will post 2.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th were issued a $0.20 dividend. This is an increase from 1st Source’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Friday, November 3rd. 1st Source’s payout ratio is presently 32.00%.
A number of brokerages have weighed in on SRCE. Zacks Investment Research downgraded 1st Source from a “buy” rating to a “hold” rating in a report on Saturday, September 16th. BidaskClub downgraded 1st Source from a “hold” rating to a “sell” rating in a report on Friday, August 18th. DA Davidson reiterated a “hold” rating and issued a $53.00 target price on shares of 1st Source in a report on Monday, October 23rd. They noted that the move was a valuation call. Piper Jaffray Companies set a $55.00 target price on 1st Source and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, ValuEngine downgraded 1st Source from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. 1st Source presently has a consensus rating of “Hold” and a consensus price target of $53.25.
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1st Source 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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