1st Source (NASDAQ:SRCE)‘s stock had its “hold” rating restated by stock analysts at Keefe, Bruyette & Woods in a report released on Friday. They presently have a $53.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 5.81% from the stock’s previous close.

SRCE has been the topic of a number of other reports. BidaskClub lowered shares of 1st Source from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of 1st Source from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, August 29th. ValuEngine lowered shares of 1st Source from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. DA Davidson restated a “hold” rating and issued a $53.00 price target on shares of 1st Source in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Piper Jaffray Companies set a $55.00 price target on shares of 1st Source and gave the company a “buy” rating in a research report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $54.75.

Shares of 1st Source (NASDAQ SRCE) opened at $50.09 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. 1st Source has a 12-month low of $42.15 and a 12-month high of $53.29. The firm has a market cap of $1,307.44, a PE ratio of 20.04, a PEG ratio of 1.95 and a beta of 1.05.

1st Source (NASDAQ:SRCE) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The business had revenue of $72.82 million for the quarter, compared to analyst estimates of $70.20 million. 1st Source had a net margin of 21.74% and a return on equity of 9.43%. analysts anticipate that 1st Source will post 2.59 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in SRCE. Teachers Advisors LLC raised its stake in shares of 1st Source by 2.2% in the first quarter. Teachers Advisors LLC now owns 26,556 shares of the financial services provider’s stock worth $1,247,000 after acquiring an additional 572 shares during the last quarter. Bank of America Corp DE raised its stake in shares of 1st Source by 11.6% in the first quarter. Bank of America Corp DE now owns 5,974 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 620 shares during the last quarter. Aperio Group LLC raised its stake in shares of 1st Source by 16.1% in the second quarter. Aperio Group LLC now owns 5,104 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 709 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of 1st Source in the second quarter worth about $292,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of 1st Source by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 134,582 shares of the financial services provider’s stock worth $6,452,000 after acquiring an additional 949 shares during the last quarter. 70.33% of the stock is owned by institutional investors.

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About 1st Source

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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