1st Source (NASDAQ:SRCE - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $1.36 per share and revenue of $100.97 million for the quarter.
1st Source (NASDAQ:SRCE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.07. 1st Source had a net margin of 23.10% and a return on equity of 11.92%. On average, analysts expect 1st Source to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
1st Source Stock Performance
NASDAQ:SRCE traded up $2.01 during trading hours on Tuesday, reaching $56.26. 138,503 shares of the company's stock were exchanged, compared to its average volume of 82,254. 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 $1.38 billion, a price-to-earnings ratio of 10.50 and a beta of 0.67. 1st Source has a 1-year low of $48.91 and a 1-year high of $68.13. The company has a 50-day moving average of $60.11 and a 200 day moving average of $61.05.
1st Source Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Tuesday, February 4th. 1st Source's dividend payout ratio is currently 26.87%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on SRCE shares. Piper Sandler raised 1st Source from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $70.00 to $72.50 in a research report on Monday, January 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of 1st Source in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of 1st Source from $67.00 to $69.00 and gave the company a "market perform" rating in a research report on Monday, January 27th.
View Our Latest Stock Report on 1st Source
1st Source Company Profile
(
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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.
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