1st Source (NASDAQ:SRCE) Issues Quarterly Earnings Results

1st Source (NASDAQ:SRCE) announced its earnings results on Thursday. The financial services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07, Zacks reports. 1st Source had a net margin of 23.01% and a return on equity of 11.68%.

1st Source Trading Up 0.5 %

1st Source stock traded up $0.28 during trading hours on Thursday, reaching $57.55. 83,743 shares of the company’s stock traded hands, compared to its average volume of 59,987. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.96 and a beta of 0.82. 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 has a fifty-two week low of $47.30 and a fifty-two week high of $68.13. The firm’s 50 day moving average is $61.11 and its 200-day moving average is $60.29.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of 1st Source in a report on Saturday, January 18th.

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.