Financial Counselors Inc. Has $954,000 Stake in 1st Source Co. (NASDAQ:SRCE)

Financial Counselors Inc. reduced its stake in shares of 1st Source Co. (NASDAQ:SRCE) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,932 shares of the financial services provider’s stock after selling 160 shares during the quarter. Financial Counselors Inc. owned 0.06% of 1st Source worth $954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Isthmus Partners LLC increased its position in shares of 1st Source by 3.0% during the 2nd quarter. Isthmus Partners LLC now owns 66,920 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,943 shares in the last quarter. nVerses Capital LLC increased its holdings in shares of 1st Source by 150.0% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the financial services provider’s stock worth $60,000 after buying an additional 600 shares in the last quarter. CWM LLC raised its stake in shares of 1st Source by 726.1% in the second quarter. CWM LLC now owns 1,363 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,198 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of 1st Source by 12.2% in the 3rd quarter. New York State Teachers Retirement System now owns 1,675 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 182 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in 1st Source during the 3rd quarter worth approximately $122,000. 74.45% of the stock is owned by institutional investors.

1st Source Stock Performance

Shares of SRCE opened at $64.89 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.94. 1st Source Co. has a 52-week low of $47.30 and a 52-week high of $68.13. The stock has a fifty day moving average price of $61.60 and a two-hundred day moving average price of $57.94. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 12.36 and a beta of 0.78.

1st Source (NASDAQ:SRCE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.05. 1st Source had a return on equity of 11.68% and a net margin of 23.01%. The business had revenue of $97.93 million for the quarter, compared to analyst estimates of $97.30 million. During the same quarter in the previous year, the company posted $1.32 EPS. Analysts predict that 1st Source Co. will post 5.36 EPS for the current fiscal year.

1st Source Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 5th. This represents a $1.44 annualized dividend and a yield of 2.22%. 1st Source’s dividend payout ratio is presently 27.43%.

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.