1st Source Corporation (SRCE) Set to Announce Quarterly Earnings on Wednesday

1st Source Corporation (NASDAQ:SRCE) is scheduled to be issuing its quarterly earnings data on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.

1st Source Corporation (NASDAQ:SRCE) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. 1st Source Corporation had a return on equity of 9.14% and a net margin of 21.41%. The company had revenue of $70.00 million during the quarter, compared to analyst estimates of $68.90 million. On average, analysts expect 1st Source Corporation to post $2.59 EPS for the current fiscal year and $2.91 EPS for the next fiscal year.

Shares of 1st Source Corporation (NASDAQ:SRCE) opened at 52.08 on Wednesday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 21.78 and a beta of 1.07. The company has a 50 day moving average price of $48.18 and a 200 day moving average price of $47.69. 1st Source Corporation has a one year low of $33.27 and a one year high of $52.09.

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A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 target price on shares of 1st Source Corporation in a research note on Tuesday, October 3rd. Piper Jaffray Companies set a $55.00 target price on 1st Source Corporation and gave the stock a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded 1st Source Corporation from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, July 25th. Finally, ValuEngine upgraded 1st Source Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. 1st Source Corporation has a consensus rating of “Hold” and an average price target of $51.67.

1st Source Corporation Company Profile

1st Source Corporation is a bank holding company. The Company, through its subsidiaries, provides a range of financial products and services. It is engaged in commercial banking. 1st Source Bank (Bank), its banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients.

Earnings History for 1st Source Corporation (NASDAQ:SRCE)

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