BNP Paribas Financial Markets Has $736,000 Position in 1st Source Co. (NASDAQ:SRCE)

BNP Paribas Financial Markets trimmed its holdings in shares of 1st Source Co. (NASDAQ:SRCE) by 20.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,285 shares of the financial services provider’s stock after selling 3,127 shares during the period. BNP Paribas Financial Markets owned about 0.05% of 1st Source worth $736,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in shares of 1st Source by 625.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 33,227 shares of the financial services provider’s stock worth $1,989,000 after purchasing an additional 28,648 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in 1st Source by 95.8% in the third quarter. Harbor Capital Advisors Inc. now owns 28,110 shares of the financial services provider’s stock valued at $1,683,000 after buying an additional 13,753 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of 1st Source in the third quarter valued at approximately $664,000. Quest Partners LLC boosted its stake in shares of 1st Source by 169.4% during the 3rd quarter. Quest Partners LLC now owns 12,564 shares of the financial services provider’s stock worth $752,000 after acquiring an additional 7,900 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of 1st Source by 9.6% during the 2nd quarter. Renaissance Technologies LLC now owns 145,714 shares of the financial services provider’s stock worth $7,813,000 after acquiring an additional 12,774 shares during the last quarter. Institutional investors own 74.45% of the company’s stock.

1st Source Stock Down 1.0 %

1st Source stock opened at $63.60 on Friday. The company’s 50-day moving average price is $62.64 and its two-hundred day moving average price is $58.72. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.56 billion, a P/E ratio of 12.11 and a beta of 0.80. 1st Source Co. has a twelve month low of $47.30 and a twelve month high of $68.13.

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

1st Source Announces Dividend

The company also recently disclosed 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 of this dividend was Tuesday, November 5th. This represents a $1.44 dividend on an annualized basis and a yield of 2.26%. 1st Source’s dividend payout ratio is currently 27.43%.

About 1st Source

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.