1st Source Corporation (SRCE) Earns News Impact Rating of 0.17
Headlines about 1st Source Corporation (NASDAQ:SRCE) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. 1st Source Corporation earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.3096761001999 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research firms have commented on SRCE. Piper Jaffray Companies set a $55.00 target price on shares of 1st Source Corporation and gave the stock a “buy” rating in a research report on Friday, October 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $47.00 price target on shares of 1st Source Corporation in a research report on Tuesday, October 3rd. Zacks Investment Research raised 1st Source Corporation from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, September 19th. ValuEngine downgraded 1st Source Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded 1st Source Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. 1st Source Corporation currently has a consensus rating of “Hold” and an average price target of $51.67.
1st Source Corporation (NASDAQ:SRCE) traded up 1.00% during midday trading on Wednesday, hitting $52.60. 72,302 shares of the company traded hands. The stock’s 50-day moving average price is $48.18 and its 200 day moving average price is $47.69. 1st Source Corporation has a 12-month low of $33.27 and a 12-month high of $52.61. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 22.00 and a beta of 1.07.
1st Source Corporation (NASDAQ:SRCE) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. 1st Source Corporation had a net margin of 21.41% and a return on equity of 9.14%. The business had revenue of $70.00 million for the quarter, compared to analyst estimates of $68.90 million. On average, equities analysts forecast that 1st Source Corporation will post $2.59 EPS for the current year.
About 1st Source Corporation
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.
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