1st Source (NASDAQ:SRCE) released its quarterly earnings data on Thursday. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.07), Yahoo Finance reports. The company had revenue of $74.49 million for the quarter, compared to the consensus estimate of $71.40 million. 1st Source had a net margin of 21.74% and a return on equity of 9.43%.
1st Source (NASDAQ SRCE) traded up $1.14 during mid-day trading on Friday, hitting $53.14. 107,404 shares of the company were exchanged, compared to its average volume of 46,785. 1st Source has a 1 year low of $42.15 and a 1 year high of $53.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market capitalization of $1,380.00, a price-to-earnings ratio of 21.26, a PEG ratio of 1.81 and a beta of 1.06.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be issued a $0.22 dividend. The ex-dividend date is Friday, February 2nd. This is a positive change from 1st Source’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.66%. 1st Source’s dividend payout ratio (DPR) is 32.00%.
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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.
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