Breaking Finance News

Zacks Investment Research downgraded 1st Source Corporation (NASDAQ:SRCE) to Hold in a report released today.

Yesterday 1st Source Corporation (NASDAQ:SRCE) traded -0.89% lower at $34.99. The company’s 50-day moving average is $34.80 and its 200-day moving average is $33.42. The last stock close price is up 6.23% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 26,442 shares of the stock were exchanged, down from an average trading volume of 33,083

Zacks Investment Research has downgraded 1st Source Corporation (NASDAQ:SRCE) to Hold in a report released on Thursday September 22, 2016.

Previously on 9/21/2016, Zacks Investment Research reported about 1st Source Corporation (NASDAQ:SRCE) raised the target price from $0.00 to $39.00. At the time, this indicated a possible upside of 0.11%.

See Chart Below

1st Source Corporation (NASDAQ:SRCE)

1st Source Corporation has a 52 week low of $27.01 and a 52 week high of $35.84 with a P/E ratio of 16.51 The company’s market cap is currently $0.

About 1st Source Corporation (NASDAQ:SRCE)

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. 1st Source Bank's Specialty Finance Group, with over 20 locations around the nation, offers specialized financing services for new and used private and cargo aircraft, automobiles and light trucks for leasing and rental agencies, medium and heavy duty trucks and construction equipment. It has consolidated total assets of approximately $5.19 billion, total loans and leases of over $3.99 billion, total deposits of approximately $4.14 billion and total shareholders' equity of over $644.05 million.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *