UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,170 Shares of 1st Source Co. (NASDAQ:SRCE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of 1st Source Co. (NASDAQ:SRCE) by 14.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,685 shares of the financial services provider’s stock after selling 3,170 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of 1st Source worth $1,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in shares of 1st Source by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 48,044 shares of the financial services provider’s stock valued at $2,576,000 after buying an additional 1,854 shares in the last quarter. Isthmus Partners LLC boosted its stake in 1st Source by 3.0% in the second quarter. Isthmus Partners LLC now owns 66,920 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,943 shares in the last quarter. Quest Partners LLC boosted its stake in 1st Source by 5.2% in the second quarter. Quest Partners LLC now owns 4,664 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 232 shares in the last quarter. American Century Companies Inc. grew its holdings in 1st Source by 11.5% in the second quarter. American Century Companies Inc. now owns 174,688 shares of the financial services provider’s stock worth $9,367,000 after purchasing an additional 18,049 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 1st Source by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,588,461 shares of the financial services provider’s stock worth $85,171,000 after purchasing an additional 11,465 shares in the last quarter. Institutional investors own 74.45% of the company’s stock.

1st Source Stock Performance

Shares of SRCE opened at $59.17 on Thursday. 1st Source Co. has a 12 month low of $47.30 and a 12 month high of $68.13. The stock has a fifty day moving average price of $62.91 and a 200-day moving average price of $59.10. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.45 billion, a PE ratio of 11.27 and a beta of 0.80.

1st Source (NASDAQ:SRCE) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.41 EPS for the quarter, beating 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 company had revenue of $97.93 million during the quarter, compared to analysts’ expectations of $97.30 million. During the same period last year, the business posted $1.32 earnings per share. Equities research analysts predict that 1st Source Co. will post 5.36 earnings per share for the current fiscal year.

1st Source Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, November 5th. 1st Source’s dividend payout ratio (DPR) 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.