1st Source Corp. Plans Quarterly Dividend of $0.17 (SRCE)
1st Source Corp. (NASDAQ:SRCE) announced a quarterly dividend on Wednesday, January 22nd, StockRatingsNetwork.com reports. Stockholders of record on Tuesday, February 4th will be paid a dividend of 0.17 per share on Friday, February 14th. This represents a $0.68 annualized dividend and a dividend yield of 2.10%.
On a related note, analysts at Keefe, Bruyette & Woods raised their price target on shares of 1st Source Corp. from $29.00 to $31.00 in a research note to investors on Monday, October 28th. They now have a “market perform” rating on the stock.
1st Source Corp. (NASDAQ:SRCE) traded up 1.25% on Wednesday, hitting $32.37. The stock had a trading volume of 13,930 shares. 1st Source Corp. has a 52-week low of $21.88 and a 52-week high of $32.92. The stock’s 50-day moving average is $31.75 and its 200-day moving average is $29.13. The company has a market cap of $787.3 million and a price-to-earnings ratio of 14.71.
1st Source Corp. (NASDAQ:SRCE) last announced its earnings results on Wednesday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter. During the same quarter in the previous year, the company posted $0.53 earnings per share. Analysts expect that 1st Source Corp. will post $2.23 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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