1st Source Co. (NASDAQ:SRCE) Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lessened its position in shares of 1st Source Co. (NASDAQ:SRCE) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,394 shares of the financial services provider’s stock after selling 315 shares during the period. Linden Thomas Advisory Services LLC’s holdings in 1st Source were worth $1,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank grew its holdings in 1st Source by 1.0% during the 3rd quarter. Swiss National Bank now owns 40,789 shares of the financial services provider’s stock valued at $1,717,000 after buying an additional 400 shares during the last quarter. Harbour Trust & Investment Management Co acquired a new stake in shares of 1st Source during the fourth quarter valued at $218,000. Charles Schwab Investment Management Inc. increased its position in 1st Source by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 465,284 shares of the financial services provider’s stock worth $19,584,000 after purchasing an additional 19,639 shares in the last quarter. Reinhart Partners LLC. raised its stake in 1st Source by 1.0% in the 4th quarter. Reinhart Partners LLC. now owns 238,377 shares of the financial services provider’s stock valued at $13,099,000 after purchasing an additional 2,300 shares during the last quarter. Finally, UBS Group AG lifted its holdings in 1st Source by 20.0% in the 3rd quarter. UBS Group AG now owns 49,589 shares of the financial services provider’s stock valued at $2,087,000 after purchasing an additional 8,274 shares in the last quarter. 74.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Jeffrey L. Buhr sold 761 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $51.52, for a total transaction of $39,206.72. Following the completion of the transaction, the executive vice president now owns 70,252 shares of the company’s stock, valued at $3,619,383.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 19.44% of the company’s stock.

1st Source Trading Down 0.3 %

Shares of SRCE stock traded down $0.15 during mid-day trading on Wednesday, hitting $50.62. 13,442 shares of the company’s stock were exchanged, compared to its average volume of 64,301. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 10.00 and a beta of 0.79. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.10. 1st Source Co. has a fifty-two week low of $38.77 and a fifty-two week high of $56.59. The stock has a 50-day simple moving average of $50.20 and a two-hundred day simple moving average of $49.95.

1st Source (NASDAQ:SRCE) last released its earnings results on Tuesday, February 20th. The financial services provider reported $1.16 earnings per share for the quarter. The firm had revenue of $91.41 million for the quarter, compared to the consensus estimate of $91.20 million. 1st Source had a return on equity of 12.49% and a net margin of 24.61%. Equities analysts expect that 1st Source Co. will post 4.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their price target on shares of 1st Source from $52.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, January 22nd.

1st Source 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.