1st Source (SRCE) Expected to Announce Earnings on Thursday

1st Source (NASDAQ:SRCE) is projected to post its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect 1st Source to post earnings of $1.33 per share and revenue of $97,640.00 billion for the quarter.

1st Source (NASDAQ:SRCE) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.05. The firm had revenue of $97.93 million during the quarter, compared to analysts’ expectations of $97.30 million. 1st Source had a return on equity of 11.68% and a net margin of 23.01%. During the same period in the prior year, the business earned $1.32 EPS. On average, analysts expect 1st Source to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

1st Source Stock Performance

Shares of NASDAQ SRCE opened at $57.85 on Tuesday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 11.02 and a beta of 0.82. The stock’s 50-day moving average is $61.47 and its 200 day moving average is $60.27. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. 1st Source has a 1-year low of $47.30 and a 1-year high of $68.13.

1st Source Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.49%. 1st Source’s dividend payout ratio (DPR) is currently 27.43%.

Wall Street Analysts Forecast Growth

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

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.