1st Source Corporation (NASDAQ: SRCE) is one of 200 publicly-traded companies in the “Commercial Banks” industry, but how does it weigh in compared to its peers? We will compare 1st Source Corporation to related businesses based on the strength of its dividends, valuation, institutional ownership, analyst recommendations, profitability, risk and earnings.
This is a summary of recent ratings and target prices for 1st Source Corporation and its peers, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|1st Source Corporation||0||2||1||0||2.33|
|1st Source Corporation Competitors||363||2863||2311||68||2.37|
1st Source Corporation currently has a consensus target price of $51.67, suggesting a potential upside of 3.58%. As a group, “Commercial Banks” companies have a potential upside of 6.56%. Given 1st Source Corporation’s peers stronger consensus rating and higher possible upside, analysts clearly believe 1st Source Corporation has less favorable growth aspects than its peers.
Institutional & Insider Ownership
70.2% of 1st Source Corporation shares are held by institutional investors. Comparatively, 46.1% of shares of all “Commercial Banks” companies are held by institutional investors. 20.3% of 1st Source Corporation shares are held by insiders. Comparatively, 11.7% of shares of all “Commercial Banks” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Earnings & Valuation
This table compares 1st Source Corporation and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|1st Source Corporation||$280.70 million||$57.78 million||19.95|
|1st Source Corporation Competitors||$341.79 million||$72.49 million||21.00|
1st Source Corporation’s peers have higher revenue and earnings than 1st Source Corporation. 1st Source Corporation is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Volatility & Risk
1st Source Corporation has a beta of 1.07, indicating that its stock price is 7% more volatile than the S&P 500. Comparatively, 1st Source Corporation’s peers have a beta of 0.73, indicating that their average stock price is 27% less volatile than the S&P 500.
1st Source Corporation pays an annual dividend of $0.80 per share and has a dividend yield of 1.6%. 1st Source Corporation pays out 32.0% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.9% and pay out 35.2% of their earnings in the form of a dividend. 1st Source Corporation has increased its dividend for 31 consecutive years.
This table compares 1st Source Corporation and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|1st Source Corporation||21.74%||9.43%||1.16%|
|1st Source Corporation Competitors||20.40%||8.67%||0.92%|
1st Source Corporation peers beat 1st Source Corporation on 8 of the 15 factors compared.
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. The Bank offers a range of consumer and commercial banking services through its lending operations, retail branches and fee based businesses. It provides commercial, small business, agricultural, and real estate loans to primarily business clients mainly located within its regional market area. It provides a range of consumer banking products and services through its banking centers and at 1stsource.com. It also offers insurance products through 1st Source Insurance offices. It also provides a range of trust, investment, agency, and custodial services for individual, corporate and not-for-profit clients.
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