1st Source (NASDAQ:SRCE) announced its quarterly earnings results on Thursday. The financial services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.07), Yahoo Finance reports. The company had revenue of $74.49 million for the quarter, compared to analyst estimates of $71.40 million. 1st Source had a return on equity of 9.43% and a net margin of 21.74%.
Shares of 1st Source (NASDAQ SRCE) traded up $1.14 during trading on Friday, reaching $53.14. 107,404 shares of the company were exchanged, compared to its average volume of 46,785. The stock has a market cap of $1,380.00, a price-to-earnings ratio of 21.26, a PEG ratio of 1.81 and a beta of 1.06. 1st Source has a 1 year low of $42.15 and a 1 year high of $53.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.92.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This is a positive change from 1st Source’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.66%. 1st Source’s dividend payout ratio (DPR) is currently 32.00%.
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1st Source Company Profile
1st Source Corporation is a bank holding company. The Company, through its subsidiaries, provides a range of financial products and services. It is engaged in commercial banking. 1st Source Bank (Bank), its banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients.
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