XTX Topco Ltd Invests $266,000 in 1st Source Co. (NASDAQ:SRCE)

XTX Topco Ltd purchased a new stake in 1st Source Co. (NASDAQ:SRCE) during the third quarter, according to its most recent filing with the SEC. The firm purchased 4,450 shares of the financial services provider’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC raised its holdings in 1st Source by 152.7% in the third quarter. Jane Street Group LLC now owns 35,169 shares of the financial services provider’s stock worth $2,106,000 after purchasing an additional 21,254 shares during the period. State Street Corp increased its position in shares of 1st Source by 1.7% in the 3rd quarter. State Street Corp now owns 567,195 shares of the financial services provider’s stock valued at $33,964,000 after buying an additional 9,235 shares in the last quarter. Readystate Asset Management LP acquired a new stake in 1st Source during the 3rd quarter worth $675,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in 1st Source by 1.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 60,417 shares of the financial services provider’s stock worth $3,618,000 after acquiring an additional 600 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in 1st Source in the third quarter valued at about $273,000. Institutional investors own 74.45% of the company’s stock.

1st Source Trading Down 5.2 %

NASDAQ SRCE opened at $59.17 on Thursday. 1st Source Co. has a one year low of $47.30 and a one year high of $68.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $1.45 billion, a P/E ratio of 11.27 and a beta of 0.80. The stock’s 50-day moving average is $62.91 and its 200-day moving average is $59.10.

1st Source (NASDAQ:SRCE) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.41 earnings per share 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 analyst estimates of $97.30 million. During the same quarter in the previous year, the firm posted $1.32 earnings per share. Sell-side analysts anticipate that 1st Source Co. will post 5.36 earnings per share for the current fiscal year.

1st Source Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, November 5th. 1st Source’s dividend payout ratio (DPR) is presently 27.43%.

1st Source Company Profile

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.