1st Source (NASDAQ:SRCE) Issues Earnings Results

1st Source (NASDAQ:SRCE) posted its quarterly earnings results on Thursday. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02, Fidelity Earnings reports. 1st Source had a return on equity of 11.36% and a net margin of 23.31%. The firm had revenue of $82.09 million during the quarter, compared to the consensus estimate of $80.85 million.

SRCE stock opened at $44.84 on Friday. The firm’s 50-day moving average price is $45.14. 1st Source has a 12-month low of $38.44 and a 12-month high of $59.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $1.15 billion, a P/E ratio of 13.39, a PEG ratio of 1.26 and a beta of 1.09.

A number of equities research analysts have issued reports on the company. ValuEngine downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research reissued a “hold” rating on shares of Western New England Bancorp in a research report on Saturday, June 29th. Finally, BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday.

1st Source Company Profile

1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate loans, and lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.

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Earnings History for 1st Source (NASDAQ:SRCE)

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