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1 Comment
1st Source Corporation is currently in a long term uptrend where the price is trading 3.4% above its 200 day moving average.
From a valuation standpoint, the stock is 59.2% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.7.
1st Source Corporation's total revenue rose by 8.9% to $88M since the same quarter in the previous year.
Its net income has increased by 20.6% to $26M since the same quarter in the previous year.
Finally, its free cash flow fell by 29.3% to $57M since the same quarter in the previous year.
Based on the above factors, 1st Source Corporation gets an overall score of 4/5.
Exchange | NASDAQ |
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CurrencyCode | USD |
ISIN | US3369011032 |
Sector | Financial Services |
Industry | Banks - Regional |
Beta | 0.66 |
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Market Cap | 1B |
PE Ratio | 10.51 |
Target Price | 68.1667 |
Dividend Yield | 2.6% |
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 in the United States. The company's 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. It also provides commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and renewable energy and acquisition financing; and commercial leasing, treasury management, and retirement planning services. In addition, the company offers trust, investment, agency, and custodial services comprising administration of estates and personal trusts, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company provides equipment loan and lease products for construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it offers corporate and personal property, casualty, and individual and group health and life insurance products and services for individuals and businesses. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.
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