1st Source (SRCE) Projected to Post Earnings on Thursday

1st Source (NASDAQ:SRCE) will likely be releasing its earnings data after the market closes on Thursday, January 23rd. Analysts expect 1st Source to post earnings of $1.33 per share and revenue of $97,640.00 billion for the quarter.

1st Source (NASDAQ:SRCE) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.05. 1st Source had a net margin of 23.01% and a return on equity of 11.68%. The firm had revenue of $97.93 million for the quarter, compared to analysts’ expectations of $97.30 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. On average, analysts expect 1st Source to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

1st Source Price Performance

Shares of NASDAQ SRCE opened at $58.07 on Wednesday. The company has a 50 day moving average of $61.29 and a 200 day moving average of $60.31. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08. 1st Source has a twelve month low of $47.30 and a twelve month high of $68.13. The firm has a market cap of $1.42 billion, a P/E ratio of 11.06 and a beta of 0.82.

1st Source Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Tuesday, November 5th. 1st Source’s dividend payout ratio is currently 27.43%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of 1st Source in a research report on Saturday.

About 1st Source

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products 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 mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.