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

Barclays PLC boosted its stake in 1st Source Co. (NASDAQ:SRCE) by 162.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,525 shares of the financial services provider’s stock after purchasing an additional 25,687 shares during the period. Barclays PLC’s holdings in 1st Source were worth $2,487,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System grew its stake in shares of 1st Source by 12.2% in the third quarter. New York State Teachers Retirement System now owns 1,675 shares of the financial services provider’s stock valued at $100,000 after buying an additional 182 shares in the last quarter. Quest Partners LLC boosted its holdings in 1st Source by 5.2% in the 2nd quarter. Quest Partners LLC now owns 4,664 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 232 shares during the period. Inspire Investing LLC grew its position 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 valued at $414,000 after acquiring an additional 293 shares in the last quarter. nVerses Capital LLC raised its stake in shares of 1st Source by 150.0% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 600 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of 1st Source by 1.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 60,417 shares of the financial services provider’s stock worth $3,618,000 after purchasing an additional 600 shares in the last quarter. 74.45% of the stock is owned by hedge funds and other institutional investors.

1st Source Price Performance

SRCE opened at $59.45 on Thursday. 1st Source Co. has a twelve month low of $47.30 and a twelve month high of $68.13. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 11.32 and a beta of 0.80. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $62.81 and a 200 day simple moving average of $59.40.

1st Source (NASDAQ:SRCE) last announced its earnings results 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 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 last year, the firm earned $1.32 earnings per share. Equities research analysts expect that 1st Source Co. will post 5.36 EPS for the current fiscal year.

1st Source Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.36 per share. 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 dividend payout ratio (DPR) is currently 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.