1st Source: Positive Earnings Outlook Appears Priced In
Economic indicators suggest that loan growth will likely remain below the historical average. Nevertheless, I'm expecting it to be high enough to drive earnings. Interest rate cuts will affect the loan growth and net interest margin in several ways. I'm expecting the overall effect to be slightly negative on the margin. The year-end target price suggests a small downside from the current market price. Further, SRCE is offering a low dividend yield of 2.3%.
All You Need to Know About 1st Source (SRCE) Rating Upgrade to Strong Buy
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
1st Source (SRCE) is a Great Momentum Stock: Should You Buy?
Does 1st Source (SRCE) have what it takes to be a top stock pick for momentum investors? Let's find out.
1st Source (SRCE) Beats Q2 Earnings and Revenue Estimates
1st Source (SRCE) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.30 per share a year ago.
1st Source (SRCE) Upgraded to Strong Buy: Here's Why
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
