Shareholder 1St Source Bank Decreased 1St Source Corp (SRCE) Stake

May 16, 2018 - By Kyle Williams

1st Source Corporation (NASDAQ:SRCE) Corporate LogoBig Money Sentiment decreased to 0.8 in 2017 Q4. It has change of 0.33, from 2017Q3’s 1.13. The ratio fall due to SRCE positioning: 7 sold and 43 reduced. 14 funds acquired positions and 26 increased positions. Investors holded 18.16 million in 2017Q3 but now own 17.97 million shares or 1.03% less. Counselors Incorporated stated it has 18,285 shs or 0.04% of all its holdings. Balyasny Asset Limited Liability Corporation invested in 0% or 8,700 shs. Zacks accumulated 0.04% or 39,973 shs. 1St Source Financial Bank invested 29.46% in 1st Source Corporation (NASDAQ:SRCE). Aqr Cap Mngmt Ltd Co has invested 0.01% in 1st Source Corporation (NASDAQ:SRCE). Gsa Ptnrs Ltd Liability Partnership has 8,146 shs. Strs Ohio invested in 0% or 16,400 shs. Bridgeway Management holds 0.06% or 117,097 shs in its capital. Arrowstreet Partnership accumulated 18,606 shs. Deutsche Financial Bank Ag holds 0% or 45,496 shs in its capital. Utd Svcs Automobile Association holds 0.02% or 143,276 shs in its capital. Macquarie Group Ltd stated it has 0% of its capital in 1st Source Corporation (NASDAQ:SRCE). Ny State Common Retirement Fund holds 23,411 shs. Alliancebernstein LP reported 464,263 shs. First Tru Advsrs Limited Partnership holds 0.01% or 72,577 shs.

SRCE had 1 sale and 1 insider buy since March 9, 2018. This’s net activity of $441,072. Shares for $443,750 were sold by Egidi Allison N.

The holdings In 1St Source Corp (SRCE) was reduced held by 1St Source Bank. According to 2017Q4 Securities and Exchange filling the decrease is 1.58%. By selling 116,584 shares 1St Source Bank made the stock sank with 0.70%. At the end of 2017Q4, the institutional investor held 7.24M shares of the major banks company, valued at $358.08 million, down from 7.36 million at the end of the previous reported quarter. 1St Source Bank has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

On July, 19 WallStreet expected 1st Source Corporation (NASDAQ:SRCE)’s earnings report, Zacks reports. This year’s earnings per share analyst estimate is expected to be $0.86. That is 34.38 % up compareed to $0.64 earnings per share for last year. If SRCE’s EPS is $0.86 the profit will be $22.32 million for 15.47 P/E. Wall Street now sees 17.81 % EPS growth despite 1st Source Corporation last quarter’s EPS of $0.73.

Another two news for 1st Source Corporation (NASDAQ:SRCE) were recently released by: Streetinsider.com on April 19, 2018 with title “1st Source Corp (SRCE) Misses Q1 EPS by 5c”. The other Globenewswire.com‘s article was titled “Investor Expectations to Drive Momentum within Balchem, Beacon Roofing Supply, Rice Midstream Partners LP, LTC …” and released on May 03, 2018.

1st Source Corporation (NASDAQ:SRCE) Institutional Investors Chart

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