1st Source Co. (NASDAQ:SRCE) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC grew its stake in 1st Source Co. (NASDAQ:SRCE - Free Report) by 152.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 35,169 shares of the financial services provider's stock after acquiring an additional 21,254 shares during the period. Jane Street Group LLC owned about 0.14% of 1st Source worth $2,106,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in SRCE. New York State Teachers Retirement System raised its position in 1st Source by 12.2% in the 3rd quarter. New York State Teachers Retirement System now owns 1,675 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 182 shares in the last quarter. Quest Partners LLC raised its holdings in 1st Source by 5.2% in the second quarter. Quest Partners LLC now owns 4,664 shares of the financial services provider's stock valued at $250,000 after acquiring an additional 232 shares in the last quarter. Inspire Investing LLC lifted its stake in 1st Source by 4.4% in the third quarter. Inspire Investing LLC now owns 6,908 shares of the financial services provider's stock worth $414,000 after acquiring an additional 293 shares during the last quarter. nVerses Capital LLC grew its holdings in 1st Source by 150.0% during the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the financial services provider's stock worth $60,000 after acquiring an additional 600 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of 1st Source by 1.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 60,417 shares of the financial services provider's stock valued at $3,618,000 after purchasing an additional 600 shares during the last quarter. 74.45% of the stock is currently owned by institutional investors and hedge funds.

1st Source Stock Up 0.5 %

Shares of SRCE traded up $0.31 during midday trading on Tuesday, reaching $59.45. The stock had a trading volume of 26,790 shares, compared to its average volume of 72,174. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.94 and a quick ratio of 0.94. The company's fifty day simple moving average is $62.88 and its two-hundred day simple moving average is $59.33. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 11.32 and a beta of 0.80. 1st Source Co. has a 1-year low of $47.30 and a 1-year high of $68.13.

1st Source (NASDAQ:SRCE - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.05. 1st Source had a return on equity of 11.68% and a net margin of 23.01%. The company had revenue of $97.93 million during the quarter, compared to the consensus estimate of $97.30 million. During the same period in the previous year, the business earned $1.32 EPS. Equities research analysts expect that 1st Source Co. will post 5.36 earnings per share for the current year.

1st Source Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Tuesday, November 5th. 1st Source's payout ratio is 27.43%.

About 1st Source

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.