1st Source (NASDAQ:SRCE) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

1st Source (NASDAQ:SRCE) issued its earnings results on Thursday. The financial services provider reported $1.40 earnings per share 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 Down 0.0 %

Shares of NASDAQ:SRCE opened at $57.53 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.94. 1st Source has a 52-week low of $47.30 and a 52-week high of $68.13. The business’s 50 day simple moving average is $60.81 and its two-hundred day simple moving average is $60.30. The firm has a market cap of $1.41 billion, a P/E ratio of 10.96 and a beta of 0.82.

1st Source Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 4th. 1st Source’s payout ratio is 27.43%.

Analyst Upgrades and Downgrades

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

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.