1st Source (SRCE) Expected to Announce Quarterly Earnings on Thursday

1st Source (NASDAQ:SRCE) is anticipated to release 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 released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.05. The company had revenue of $97.93 million for the quarter, compared to analyst estimates of $97.30 million. 1st Source had a return on equity of 11.68% and a net margin of 23.01%. During the same period in the previous 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

SRCE opened at $57.85 on Tuesday. 1st Source has a 12-month low of $47.30 and a 12-month high of $68.13. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 11.02 and a beta of 0.82. 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 stock has a fifty day simple moving average of $61.47 and a two-hundred day simple moving average of $60.27.

1st Source Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Tuesday, November 5th. 1st Source’s dividend payout ratio (DPR) is presently 27.43%.

Analyst Ratings Changes

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

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.