1st Source (SRCE) Getting Somewhat Positive Press Coverage, Report Finds

News coverage about 1st Source (NASDAQ:SRCE) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. 1st Source earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.4237065832133 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

1st Source (NASDAQ:SRCE) opened at $50.96 on Thursday. 1st Source has a 1-year low of $42.15 and a 1-year high of $53.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.92. The company has a market cap of $1,310.00, a P/E ratio of 20.38, a P/E/G ratio of 1.75 and a beta of 1.06.

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

SRCE has been the topic of several research reports. BidaskClub lowered shares of 1st Source from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of 1st Source from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, September 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 price target on shares of 1st Source in a report on Tuesday, October 3rd. ValuEngine upgraded shares of 1st Source from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $59.00 price target on shares of 1st Source in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. 1st Source presently has a consensus rating of “Hold” and a consensus price target of $55.75.

ILLEGAL ACTIVITY NOTICE: “1st Source (SRCE) Getting Somewhat Positive Press Coverage, Report Finds” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/01/11/1st-source-srce-getting-somewhat-positive-press-coverage-report-finds.html.

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.

Insider Buying and Selling by Quarter for 1st Source (NASDAQ:SRCE)

What are top analysts saying about 1st Source? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for 1st Source and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit