$0.20 dividends will be a reality for 1st Source Corporation (NASDAQ:SRCE)’s shareholders on Nov 15, 2017.

November 2, 2017 – By Max Morgan

Investors sentiment increased to 1.47 in 2017 Q2. Its up 0.75, from 0.72 in 2017Q1. It increased, as 8 investors sold 1st Source Corporation shares while 28 reduced holdings. 14 funds opened positions while 39 raised stakes. 18.11 million shares or 0.91% more from 17.95 million shares in 2017Q1 were reported.
Rhumbline Advisers stated it has 30,102 shares or 0% of all its holdings. Zebra Mngmt Limited holds 0.2% or 13,613 shares in its portfolio. Chicago Equity Prns Ltd Limited Liability Company holds 0.02% of its portfolio in 1st Source Corporation (NASDAQ:SRCE) for 15,270 shares. Parametric Assoc Limited reported 0% of its portfolio in 1st Source Corporation (NASDAQ:SRCE). Swiss Bancorporation holds 0% of its portfolio in 1st Source Corporation (NASDAQ:SRCE) for 30,189 shares. Price T Rowe Assoc Incorporated Md owns 7,059 shares. Bnp Paribas Arbitrage reported 0% of its portfolio in 1st Source Corporation (NASDAQ:SRCE). Vanguard Group stated it has 0% in 1st Source Corporation (NASDAQ:SRCE). Clarivest Asset Management Ltd holds 0.13% in 1st Source Corporation (NASDAQ:SRCE) or 114,880 shares. Panagora Asset Mngmt Inc reported 2,423 shares. Massmutual Tru Communications Fsb Adv holds 0% in 1st Source Corporation (NASDAQ:SRCE) or 2,000 shares. Employees Retirement Systems Of Ohio stated it has 0% of its portfolio in 1st Source Corporation (NASDAQ:SRCE). Retail Bank Of New York Mellon accumulated 0% or 117,235 shares. 34,465 are owned by California Employees Retirement System. Us Financial Bank De holds 0% or 2,223 shares.

1st Source Corporation (NASDAQ:SRCE) is expected to pay $0.20 on Nov 15, 2017. The indicated annual dividend is $0.80. Shareholders owning the stock before Nov 3, 2017 will be eligible to receive the payout. Based on 1st Source Corporation’s current price of $50.73, the dividend is 0.39 %. This dividend’s record date is Nov 6, 2017 and the announcement date is Oct 19, 2017. It closed at $50.73 lastly. It is down 36.45% since November 2, 2016 and is uptrending. It has outperformed by 19.75% the S&P500.

1st Source Corporation is a bank holding company. The company has market cap of $1.32 billion. The Company, through its subsidiaries, provides a range of financial services and products. It has a 20.29 P/E ratio. It is engaged in commercial banking. 1st Source Bank , its banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients.

1st Source Corporation (NASDAQ:SRCE) Ratings Coverage

Among 3 analysts covering 1st Source (NASDAQ:SRCE), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. 1st Source had 10 analyst reports since July 21, 2016 according to SRatingsIntel. The stock of 1st Source Corporation (NASDAQ:SRCE) earned “Hold” rating by Keefe Bruyette & Woods on Friday, July 21. The firm has “Buy” rating by Piper Jaffray given on Monday, October 23. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, June 1. The firm earned “Neutral” rating on Thursday, July 21 by DA Davidson. Piper Jaffray maintained 1st Source Corporation (NASDAQ:SRCE) on Friday, October 6 with “Buy” rating. Piper Jaffray maintained 1st Source Corporation (NASDAQ:SRCE) rating on Thursday, July 20. Piper Jaffray has “Buy” rating and $53.5000 target. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Piper Jaffray initiated the stock with “Overweight” rating in Thursday, January 12 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, October 20 report.

More recent 1st Source Corporation (NASDAQ:SRCE) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Lakeland Bancorp, LegacyTexas Financial Group and 1st …” on November 01, 2017. Also Nasdaq.com published the news titled: “1st Source Corporation (SRCE) Ex-Dividend Date Scheduled for November 03, 2017” on November 02, 2017. Nwitimes.com‘s news article titled: “1st Source Bank reports record profit” with publication date: October 21, 2017 was also an interesting one.

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