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

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

1st Source Stock Performance

1st Source stock opened at $57.53 on Friday. The business has a 50 day moving average of $60.81 and a 200-day moving average of $60.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.94 and a quick ratio of 0.94. 1st Source has a 1 year low of $47.30 and a 1 year high of $68.13. The company has a market capitalization of $1.41 billion, a P/E ratio of 10.96 and a beta of 0.82.

1st Source Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 4th. 1st Source’s dividend payout ratio (DPR) is currently 27.43%.

Analyst Ratings Changes

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

About 1st Source

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.