1st Source (NASDAQ:SRCE) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

1st Source (NASDAQ:SRCE) announced its quarterly earnings results on Thursday. The financial services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07, Zacks reports. 1st Source had a return on equity of 11.68% and a net margin of 23.01%.

1st Source Trading Up 0.5 %

Shares of 1st Source stock traded up $0.28 during trading hours on Thursday, hitting $57.55. The company’s stock had a trading volume of 83,743 shares, compared to its average volume of 59,987. The company has a market capitalization of $1.41 billion, a PE ratio of 10.96 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50 day moving average of $61.11 and a 200 day moving average of $60.29. 1st Source has a 12 month low of $47.30 and a 12 month high of $68.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of 1st Source in a research note on Saturday, January 18th.

1st Source Company Profile

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.