1st Source Corporation Reports Strong Second Quarter Results, Cash Dividend Declared

SRCE Stock  USD 64.24  0.32  0.50%   
About 58% of 1st Source's investor base is looking to short. The analysis of overall sentiment of trading 1st Source stock suggests that many investors are alarmed at this time. The current market sentiment, together with 1st Source's historical and current headlines, can help investors time the market. In addition, many technical investors use 1st Source stock news signals to limit their universe of possible portfolio assets.
  
QUARTERLY HIGHLIGHTSNet income was 32.44 million for the quarter, up 3.12 million or 10.65 percent from the second quarter of 2022. Diluted net income per common share was 1.30, up 0.12 or 10.17 percent from the prior years second quarter of 1.18.Cash dividend of 0.32 per common share was approved, equal to the cash dividend declared a year ago.Average loans and leases grew 104.95 million in the second quarter, up 1.74 percent from the ...

Read at finance.yahoo.com
Yahoo News
  

1st Source Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards 1st Source can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

1st Source Fundamental Analysis

We analyze 1st Source's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 1st Source using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 1st Source based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Earnings Per Share

Earnings Per Share Comparative Analysis

1st Source is currently under evaluation in earnings per share category among its peers. Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.

1st Source Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with 1st Source stock to make a market-neutral strategy. Peer analysis of 1st Source could also be used in its relative valuation, which is a method of valuing 1st Source by comparing valuation metrics with similar companies.

Peers

1st Source Related Equities

OBTOrange County   2.23   
0%
100.0%
HBCPHome Bancorp   1.68   
0%
75.0%
GSBCGreat Southern   1.59   
0%
71.0%
FCCOFirst Community   1.29   
0%
57.0%
HTBIHomeTrust Bancshares   1.15   
0%
51.0%
PWODPenns Woods   0.92   
0%
41.0%
CHMGChemung Financial   0.92   
0%
41.0%
HFWAHeritage Financial   0.81   
0%
36.0%
FSBWFS Bancorp   0.61   
0%
27.0%
COFSChoiceOne Financial   0.43   
0%
19.0%
CIVBCivista Bancshares   0.31   
0%
13.0%
BSVNBank7 Corp   0.17   
0%
7.0%
CWBCCommunity West   0.14   
0%
6.0%
FNWBFirst Northwest   0.09   
0%
4.0%
WSBFWaterstone Financial   0.47   
21.0%
0%
LSBKLake Shore   1.68   
75.0%
0%
CBFVCB Financial   1.83   
82.0%
0%

Complementary Tools for 1st Stock analysis

When running 1st Source's price analysis, check to measure 1st Source's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 1st Source is operating at the current time. Most of 1st Source's value examination focuses on studying past and present price action to predict the probability of 1st Source's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 1st Source's price. Additionally, you may evaluate how the addition of 1st Source to your portfolios can decrease your overall portfolio volatility.
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.