1st Source (SRCE) Earning Somewhat Favorable Press Coverage, Analysis Shows

News articles about 1st Source (NASDAQ:SRCE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. 1st Source earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.956939913769 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

1st Source (NASDAQ SRCE) opened at $50.30 on Friday. The company has a market cap of $1,278.91, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.93. 1st Source has a 12-month low of $42.15 and a 12-month high of $53.29.

1st Source (NASDAQ:SRCE) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.66 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.66. The company had revenue of $72.82 million during the quarter, compared to the consensus estimate of $70.20 million. 1st Source had a net margin of 21.74% and a return on equity of 9.43%. sell-side analysts expect that 1st Source will post 2.59 earnings per share for the current year.

Several research firms recently commented on SRCE. Zacks Investment Research downgraded shares of 1st Source from a “buy” rating to a “hold” rating in a research report on Saturday, September 16th. ValuEngine downgraded shares of 1st Source from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. DA Davidson restated a “hold” rating and set a $53.00 price objective on shares of 1st Source in a research report on Monday, October 23rd. They noted that the move was a valuation call. Piper Jaffray Companies set a $55.00 price objective on shares of 1st Source and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $47.00 price objective on shares of 1st Source in a research report on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price 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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