Media stories about 1st Source (NASDAQ:SRCE) have trended somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive 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 negative one to positive one, with scores closest to one being the most favorable. 1st Source earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.5810424044257 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- 1st Source (SRCE) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS (americanbankingnews.com)
- 1st Source Co. (SRCE) Increases Dividend to $0.22 Per Share (americanbankingnews.com)
- 1st Source Hits Record Profit For 2017 (insideindianabusiness.com)
- 1st Source Corporation Reports Record Earnings, History of Increased Dividends Continues (finance.yahoo.com)
- Does 1st Source Corporation’s (NASDAQ:SRCE) PE Ratio Warrant A Sell? (finance.yahoo.com)
Shares of 1st Source (SRCE) opened at $53.14 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market capitalization of $1,348.68, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.06. 1st Source has a 12 month low of $42.15 and a 12 month high of $53.73.
1st Source (NASDAQ:SRCE) last announced its earnings results on Friday, January 19th. The financial services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.07). The business had revenue of $74.49 million for the quarter, compared to the consensus estimate of $71.40 million. 1st Source had a net margin of 21.88% and a return on equity of 9.37%. equities research analysts expect that 1st Source will post 2.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.88 annualized dividend and a yield of 1.66%. This is an increase from 1st Source’s previous quarterly dividend of $0.20. 1st Source’s payout ratio is presently 30.65%.
Several analysts recently issued reports on SRCE shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $53.00 price target on shares of 1st Source in a report on Friday, December 22nd. ValuEngine raised 1st Source from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Piper Jaffray Companies set a $55.00 target price on 1st Source and gave the company a “buy” rating in a research note on Friday, October 6th. DA Davidson reaffirmed a “hold” rating and set a $53.00 target price on shares of 1st Source in a research note on Monday, October 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research raised 1st Source from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $55.75.
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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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