John B. Griffith Sells 2,500 Shares of 1st Source Corp. (SRCE) Stock
1st Source Corp. (NASDAQ:SRCE) VP John B. Griffith sold 2,500 shares of 1st Source Corp. stock in a transaction on Monday, November 28th. The stock was sold at an average price of $39.08, for a total transaction of $97,700.00. Following the sale, the vice president now owns 39,363 shares of the company’s stock, valued at $1,538,306.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
1st Source Corp. (NASDAQ:SRCE) opened at 39.36 on Thursday. The company’s 50-day moving average is $36.31 and its 200-day moving average is $34.51. 1st Source Corp. has a 52-week low of $27.01 and a 52-week high of $41.64. The firm has a market capitalization of $1.02 billion, a P/E ratio of 18.14 and a beta of 0.90.
1st Source Corp. (NASDAQ:SRCE) last announced its earnings results on Thursday, October 20th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.03. 1st Source Corp. had a return on equity of 8.68% and a net margin of 20.46%. On average, analysts predict that 1st Source Corp. will post $2.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 11th. Investors of record on Tuesday, November 1st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.83%. The ex-dividend date was Friday, October 28th. 1st Source Corp.’s payout ratio is currently 32.88%.
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Separately, Zacks Investment Research downgraded shares of 1st Source Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, November 24th.
About 1st Source Corp.
1st Source Corporation is a bank holding company. The Company, through its subsidiaries, provides a range of financial products and services. 1st Source Bank (the Bank), its banking subsidiary, offers commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients through its approximately 80 banking center locations in over 20 counties in Indiana and Michigan.
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