4,450 Shares in 1st Source Co. (NASDAQ:SRCE) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in 1st Source Co. (NASDAQ:SRCE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,450 shares of the financial services provider’s stock, valued at approximately $266,000.

Other institutional investors have also recently made changes to their positions in the company. Isthmus Partners LLC grew its stake in shares of 1st Source by 3.0% in the second quarter. Isthmus Partners LLC now owns 66,920 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,943 shares in the last quarter. nVerses Capital LLC grew its position in shares of 1st Source by 150.0% in the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 600 shares during the period. New York State Teachers Retirement System increased its stake in shares of 1st Source by 12.2% during the 3rd quarter. New York State Teachers Retirement System now owns 1,675 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 182 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of 1st Source in the 3rd quarter valued at about $122,000. Finally, CWM LLC raised its holdings in shares of 1st Source by 122.7% in the 3rd quarter. CWM LLC now owns 3,035 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 1,672 shares during the period. Institutional investors and hedge funds own 74.45% of the company’s stock.

1st Source Trading Down 5.2 %

1st Source stock opened at $59.17 on Thursday. The stock has a 50-day simple moving average of $62.91 and a 200 day simple moving average of $59.10. The stock has a market capitalization of $1.45 billion, a P/E ratio of 11.27 and a beta of 0.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.94. 1st Source Co. has a 52 week low of $47.30 and a 52 week high of $68.13.

1st Source (NASDAQ:SRCE) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.41 EPS for the quarter, topping the consensus estimate 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 company posted $1.32 EPS. Analysts expect that 1st Source Co. will post 5.36 earnings per share for the current year.

1st Source Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Tuesday, November 5th. 1st Source’s payout ratio is presently 27.43%.

1st Source 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.