GSA Capital Partners LLP purchased a new position in shares of 1st Source Co. (NASDAQ:SRCE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,537 shares of the financial services provider’s stock, valued at approximately $230,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its position in 1st Source by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 3,866 shares of the financial services provider’s stock valued at $186,000 after buying an additional 137 shares in the last quarter. Victory Capital Management Inc. grew its position in 1st Source by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,133 shares of the financial services provider’s stock valued at $198,000 after buying an additional 620 shares in the last quarter. Royal Bank of Canada grew its position in 1st Source by 598.4% in the 2nd quarter. Royal Bank of Canada now owns 4,281 shares of the financial services provider’s stock valued at $205,000 after buying an additional 3,668 shares in the last quarter. Macquarie Group Ltd. bought a new position in 1st Source in the 3rd quarter valued at about $212,000. Finally, SG Americas Securities LLC bought a new position in 1st Source in the 3rd quarter valued at about $274,000. Institutional investors and hedge funds own 70.33% of the company’s stock.

1st Source Co. (NASDAQ SRCE) opened at $52.24 on Friday. The stock has a market cap of $1,350.00, a PE ratio of 20.90, a P/E/G ratio of 1.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.92. 1st Source Co. has a 12-month low of $42.15 and a 12-month high of $53.29.

1st Source (NASDAQ:SRCE) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.66 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. 1st Source had a net margin of 21.74% and a return on equity of 9.43%. The company had revenue of $72.82 million during the quarter, compared to analyst estimates of $70.20 million. equities analysts forecast that 1st Source Co. will post 2.59 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on SRCE shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 target price on shares of 1st Source in a research report on Friday, December 22nd. ValuEngine upgraded shares of 1st Source from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Piper Jaffray Companies set a $55.00 target price on shares of 1st Source and gave the company a “buy” rating in a research report on Friday, October 6th. DA Davidson reiterated a “hold” rating and issued a $53.00 target price on shares of 1st Source in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of 1st Source from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $55.75.

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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.

Institutional Ownership by Quarter for 1st Source (NASDAQ:SRCE)

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