1st Source Corp. Stock Rating Lowered by Thomson Reuters/Verus (SRCE)
1st Source Corp. (NASDAQ:SRCE) was downgraded by research analysts at Thomson Reuters/Verus from a “buy” rating to a “hold” rating in a report released on Monday, Stock Ratings News reports.
Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of 1st Source Corp. in a research note to investors on Thursday. They set a “market perform” rating and a $29.00 price target on the stock.
Shares of 1st Source Corp. (NASDAQ:SRCE) traded down 0.21% on Monday, hitting $28.34. The stock had a trading volume of 14,466 shares. 1st Source Corp. has a 1-year low of $19.70 and a 1-year high of $28.82. The stock has a 50-day moving average of $26.85 and a 200-day moving average of $25.41. The company has a market cap of $690.8 million and a P/E ratio of 13.53.
1st Source Corp. (NASDAQ:SRCE) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.56 earnings per share for the quarter. Analysts expect that 1st Source Corp. will post $2.20 EPS for the current fiscal year.
1st Source Corporation is a bank holding company that provides, through its subsidiaries, an array of financial products and services.
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