John B. Griffith Sells 2,500 Shares of 1st Source Corp. (SRCE) Stock
1st Source Corp. (NASDAQ:SRCE) VP John B. Griffith sold 2,500 shares of the stock in a transaction on Monday, November 28th. The stock was sold at an average price of $39.08, for a total value of $97,700.00. Following the completion of the sale, the vice president now owns 39,363 shares of the company’s stock, valued at approximately $1,538,306.04. The sale was disclosed in a filing with the SEC, which is accessible through this link.
1st Source Corp. (NASDAQ:SRCE) opened at 39.36 on Thursday. The company has a market cap of $1.02 billion, a P/E ratio of 18.14 and a beta of 0.90. The firm’s 50 day moving average is $36.31 and its 200 day moving average is $34.51. 1st Source Corp. has a 12-month low of $27.01 and a 12-month high of $41.64.
1st Source Corp. (NASDAQ:SRCE) last posted its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. 1st Source Corp. had a return on equity of 8.68% and a net margin of 20.46%. Equities research analysts anticipate that 1st Source Corp. will post $2.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Tuesday, November 1st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.72 annualized dividend and a dividend yield of 1.83%. 1st Source Corp.’s payout ratio is currently 32.88%.
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Separately, Zacks Investment Research upgraded 1st Source Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Wednesday, September 21st.
1st Source Corp. Company Profile
1st Source Corporation is a bank holding company. The Company, through its subsidiaries, provides a range of financial products and services. 1st Source Bank (the Bank), its banking subsidiary, offers commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients through its approximately 80 banking center locations in over 20 counties in Indiana and Michigan.
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