1st Source (SRCE) to Release Earnings on Wednesday

1st Source (NASDAQ:SRCE) is scheduled to be announcing its earnings results on Wednesday, January 17th. Analysts expect the company to announce earnings of $0.67 per share for the quarter.

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%. On average, analysts expect 1st Source to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

1st Source (SRCE) opened at $50.48 on Wednesday. The company has a market cap of $1,310.00, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.75 and a beta of 1.06. 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.

A number of brokerages have commented on SRCE. Zacks Investment Research downgraded shares of 1st Source from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. BidaskClub downgraded shares of 1st Source from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Piper Jaffray Companies restated a “buy” rating and set a $59.00 price objective on shares of 1st Source in a research report on Tuesday. 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. 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $55.75.

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About 1st Source

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.

Earnings History for 1st Source (NASDAQ:SRCE)

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