Charles Schwab Investment Management Inc. Has $35.11 Million Holdings in 1st Source Co. (NASDAQ:SRCE)

Charles Schwab Investment Management Inc. raised its position in 1st Source Co. (NASDAQ:SRCE) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 586,372 shares of the financial services provider’s stock after purchasing an additional 1,872 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in 1st Source were worth $35,112,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Isthmus Partners LLC grew its holdings in shares of 1st Source by 3.0% in the 2nd quarter. Isthmus Partners LLC now owns 66,920 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,943 shares in the last quarter. nVerses Capital LLC boosted its position in 1st Source by 150.0% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 600 shares during the last quarter. CWM LLC grew its stake in 1st Source by 726.1% in the second quarter. CWM LLC now owns 1,363 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,198 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of 1st Source by 12.2% during the 3rd quarter. New York State Teachers Retirement System now owns 1,675 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 182 shares during the last quarter. Finally, AMI Investment Management Inc. bought a new stake in shares of 1st Source during the 3rd quarter worth approximately $206,000. 74.45% of the stock is currently owned by institutional investors.

1st Source Price Performance

NASDAQ:SRCE opened at $64.71 on Tuesday. The stock has a market capitalization of $1.59 billion, a PE ratio of 12.29 and a beta of 0.78. 1st Source Co. has a 1-year low of $47.30 and a 1-year high of $68.13. The firm has a fifty day simple moving average of $61.60 and a 200 day simple moving average of $58.02. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08.

1st Source (NASDAQ:SRCE) last announced its quarterly earnings data 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. The company had revenue of $97.93 million during the quarter, compared to the consensus estimate of $97.30 million. 1st Source had a net margin of 23.01% and a return on equity of 11.68%. During the same quarter last year, the firm posted $1.32 EPS. On average, research analysts expect that 1st Source Co. will post 5.36 EPS for the current fiscal year.

1st Source Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Tuesday, November 5th. 1st Source’s dividend payout ratio (DPR) is presently 27.43%.

1st Source 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.