1st Source Co. (NASDAQ:SRCE – Free Report) – Equities researchers at DA Davidson issued their Q1 2025 EPS estimates for 1st Source in a research note issued to investors on Monday, January 27th. DA Davidson analyst P. Winter anticipates that the financial services provider will post earnings of $1.31 per share for the quarter. The consensus estimate for 1st Source’s current full-year earnings is $5.46 per share. DA Davidson also issued estimates for 1st Source’s FY2025 earnings at $5.84 EPS.
1st Source (NASDAQ:SRCE – Get Free Report) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. 1st Source had a net margin of 23.01% and a return on equity of 11.68%.
Read Our Latest Research Report on SRCE
1st Source Price Performance
1st Source stock opened at $61.86 on Tuesday. 1st Source has a one year low of $47.30 and a one year high of $68.13. 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 business has a 50 day simple moving average of $60.66 and a 200 day simple moving average of $60.49. The company has a market capitalization of $1.52 billion, a PE ratio of 11.78 and a beta of 0.82.
1st Source Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, February 4th. This represents a $1.44 annualized dividend and a dividend yield of 2.33%. 1st Source’s dividend payout ratio is currently 26.87%.
Hedge Funds Weigh In On 1st Source
A number of large investors have recently modified their holdings of the business. Jane Street Group LLC lifted its position in shares of 1st Source by 152.7% in the third quarter. Jane Street Group LLC now owns 35,169 shares of the financial services provider’s stock valued at $2,106,000 after buying an additional 21,254 shares during the last quarter. State Street Corp raised its holdings in 1st Source by 1.7% in the 3rd quarter. State Street Corp now owns 567,195 shares of the financial services provider’s stock valued at $33,964,000 after acquiring an additional 9,235 shares in the last quarter. Barclays PLC lifted its position in 1st Source by 162.2% during the third quarter. Barclays PLC now owns 41,525 shares of the financial services provider’s stock worth $2,487,000 after purchasing an additional 25,687 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of 1st Source by 625.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 33,227 shares of the financial services provider’s stock worth $1,989,000 after acquiring an additional 28,648 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of 1st Source by 95.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,110 shares of the financial services provider’s stock valued at $1,683,000 after purchasing an additional 13,753 shares in the last quarter. 74.45% of the stock is currently owned by institutional investors and hedge funds.
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.
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