1st Source (SRCE) Given Coverage Optimism Rating of 0.19

Media coverage about 1st Source (NASDAQ:SRCE) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. 1st Source earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.5134106255465 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of 1st Source from a “buy” rating to a “hold” rating in a report on Thursday, March 22nd. BidaskClub upgraded shares of 1st Source from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. Piper Jaffray restated a “buy” rating and set a $59.00 target price on shares of 1st Source in a report on Tuesday, January 9th. ValuEngine upgraded shares of 1st Source from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 target price on shares of 1st Source in a report on Friday, December 22nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. 1st Source currently has an average rating of “Buy” and a consensus price target of $56.25.

Shares of NASDAQ:SRCE opened at $50.62 on Friday. The firm has a market cap of $1,361.17, a P/E ratio of 20.25, a PEG ratio of 1.51 and a beta of 1.09. 1st Source has a 1-year low of $43.58 and a 1-year high of $54.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.93.

1st Source (NASDAQ:SRCE) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.07). 1st Source had a net margin of 21.88% and a return on equity of 9.30%. The company had revenue of $74.49 million during the quarter, compared to analyst estimates of $71.40 million. analysts predict that 1st Source will post 3.36 earnings per share for the current year.

In other 1st Source news, Director Allison N. Egidi sold 8,500 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $52.21, for a total value of $443,785.00. Following the transaction, the director now directly owns 1,650 shares in the company, valued at $86,146.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 19.92% of the stock is owned by insiders.

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1st Source Company Profile

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.

Insider Buying and Selling by Quarter for 1st Source (NASDAQ:SRCE)

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