1st Source (NASDAQ:SRCE) is set to release its earnings data on Wednesday, January 17th. Analysts expect 1st Source to post earnings of $0.67 per share for the quarter.

1st Source (NASDAQ:SRCE) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. 1st Source had a net margin of 21.74% and a return on equity of 9.43%. The business had revenue of $72.82 million during the quarter, compared to analysts’ expectations of $70.20 million. 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. 1st Source has a twelve month low of $42.15 and a twelve month 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 stock has a market cap of $1,310.00, a price-to-earnings ratio of 20.19, a PEG ratio of 1.75 and a beta of 1.06.

Several brokerages have recently issued reports on SRCE. ValuEngine upgraded shares of 1st Source from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Piper Jaffray Companies reiterated a “buy” rating and set a $59.00 price target on shares of 1st Source in a research note on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $47.00 price target on shares of 1st Source in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of 1st Source from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. Finally, BidaskClub cut shares of 1st Source from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. 1st Source presently 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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