1st Source (NASDAQ:SRCE) Releases Earnings Results, Beats Estimates By $0.32 EPS

1st Source (NASDAQ:SRCE) announced its earnings results on Wednesday. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.32, MarketWatch Earnings reports. 1st Source had a net margin of 20.93% and a return on equity of 8.68%.

NASDAQ:SRCE opened at $42.78 on Friday. The firm’s fifty day moving average price is $40.91 and its 200 day moving average price is $35.93. 1st Source has a 1-year low of $26.07 and a 1-year high of $50.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 14.26 and a beta of 1.15.

A number of equities analysts have recently commented on SRCE shares. Piper Sandler lifted their target price on shares of 1st Source from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, October 26th. TheStreet raised shares of 1st Source from a “c” rating to a “b-” rating in a report on Friday, November 13th.

1st Source Company Profile

1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance 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 loans, and lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.

Recommended Story: Moving Average (MA)

Earnings History for 1st Source (NASDAQ:SRCE)

Receive News & Ratings for 1st Source Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 1st Source and related companies with MarketBeat.com's FREE daily email newsletter.