1st Source (NASDAQ:SRCE) Issues Earnings Results

1st Source (NASDAQ:SRCE) released its quarterly earnings results on Thursday. The financial services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07, Zacks reports. 1st Source had a return on equity of 11.68% and a net margin of 23.01%.

1st Source Stock Up 0.5 %

Shares of 1st Source stock traded up $0.28 during trading on Thursday, reaching $57.55. The stock had a trading volume of 83,743 shares, compared to its average volume of 59,987. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.96 and a beta of 0.82. The stock has a fifty day moving average price of $61.11 and a two-hundred day moving average price of $60.29. 1st Source has a 52 week low of $47.30 and a 52 week high of $68.13.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of 1st Source in a report on Saturday, January 18th.

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.