1st Source Corporation (NASDAQ:SRCE) Scheduled to Post Earnings on Wednesday
1st Source Corporation (NASDAQ:SRCE) is scheduled to be posting its quarterly earnings results on Wednesday, July 19th. Analysts expect 1st Source Corporation to post earnings of $0.61 per share for the quarter.
1st Source Corporation (NASDAQ:SRCE) last posted its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The firm had revenue of $67.03 million for the quarter, compared to the consensus estimate of $67 million. 1st Source Corporation had a net margin of 21.12% and a return on equity of 8.95%. On average, analysts expect 1st Source Corporation to post $2.5 EPS for the current fiscal year and $2.84 EPS for the next fiscal year.
1st Source Corporation (NASDAQ:SRCE) opened at 48.62 on Monday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 21.05 and a beta of 1.03. The stock has a 50 day moving average of $47.18 and a 200 day moving average of $46.20. 1st Source Corporation has a 1-year low of $32.90 and a 1-year high of $50.78.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of 1st Source Corporation from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, June 6th. ValuEngine raised shares of 1st Source Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of 1st Source Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. 1st Source Corporation currently has an average rating of “Hold” and a consensus price target of $45.00.
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1st Source Corporation 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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