Barclays PLC Boosts Holdings in 1st Source Co. (NASDAQ:SRCE)

Barclays PLC grew its position in 1st Source Co. (NASDAQ:SRCE - Free Report) by 162.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,525 shares of the financial services provider's stock after purchasing an additional 25,687 shares during the quarter. Barclays PLC owned approximately 0.17% of 1st Source worth $2,487,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of 1st Source by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,588,461 shares of the financial services provider's stock valued at $85,171,000 after buying an additional 11,465 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 1st Source by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,372 shares of the financial services provider's stock valued at $35,112,000 after purchasing an additional 1,872 shares in the last quarter. State Street Corp boosted its holdings in 1st Source by 1.7% during the third quarter. State Street Corp now owns 567,195 shares of the financial services provider's stock worth $33,964,000 after purchasing an additional 9,235 shares during the last quarter. American Century Companies Inc. lifted its position in shares of 1st Source by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 174,688 shares of the financial services provider's stock worth $9,367,000 after buying an additional 18,049 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of 1st Source by 9.6% in the 2nd quarter. Renaissance Technologies LLC now owns 145,714 shares of the financial services provider's stock worth $7,813,000 after buying an additional 12,774 shares during the last quarter. 74.45% of the stock is currently owned by institutional investors and hedge funds.

1st Source Stock Performance

1st Source stock traded up $0.20 during midday trading on Thursday, reaching $59.65. The stock had a trading volume of 36,204 shares, compared to its average volume of 72,029. The firm's 50-day moving average price is $62.75 and its 200 day moving average price is $59.40. 1st Source Co. has a 12 month low of $47.30 and a 12 month high of $68.13. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.46 billion, a PE ratio of 11.36 and a beta of 0.80.

1st Source (NASDAQ:SRCE - Get Free Report) last posted its quarterly earnings data 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. 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 analysts' expectations of $97.30 million. During the same quarter last year, the company posted $1.32 EPS. As a group, research analysts predict that 1st Source Co. will post 5.36 earnings per share for the current fiscal year.

1st Source Dividend Announcement

The company 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. The ex-dividend date was Tuesday, November 5th. This represents a $1.44 annualized dividend and a yield of 2.41%. 1st Source's payout ratio is 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.