1st Source Co. (NASDAQ:SRCE) Shares Purchased by Barclays PLC

Barclays PLC raised its position in 1st Source Co. (NASDAQ:SRCE) by 162.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,525 shares of the financial services provider’s stock after purchasing an additional 25,687 shares during the period. Barclays PLC owned about 0.17% of 1st Source worth $2,487,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SRCE. XTX Topco Ltd acquired a new position in shares of 1st Source in the third quarter worth $266,000. Jane Street Group LLC boosted its stake in shares of 1st Source by 152.7% during the 3rd quarter. Jane Street Group LLC now owns 35,169 shares of the financial services provider’s stock worth $2,106,000 after purchasing an additional 21,254 shares during the last quarter. State Street Corp grew its holdings in shares of 1st Source by 1.7% during the third quarter. State Street Corp now owns 567,195 shares of the financial services provider’s stock worth $33,964,000 after buying an additional 9,235 shares in the last quarter. Readystate Asset Management LP acquired a new position in shares of 1st Source in the third quarter valued at approximately $675,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of 1st Source by 1.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 60,417 shares of the financial services provider’s stock valued at $3,618,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 74.45% of the company’s stock.

1st Source Stock Up 0.5 %

SRCE stock opened at $59.45 on Thursday. The company has a 50 day moving average price of $62.81 and a two-hundred day moving average price of $59.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $1.46 billion, a P/E ratio of 11.32 and a beta of 0.80. 1st Source Co. has a one year low of $47.30 and a one year high of $68.13.

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

1st Source Dividend Announcement

The business also recently declared 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. This represents a $1.44 annualized dividend and a yield of 2.42%. The ex-dividend date was Tuesday, November 5th. 1st Source’s dividend payout ratio (DPR) is 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.