1st Source Corporation (NASDAQ: SRCE) is one of 210 publicly-traded companies in the “Commercial Banks” industry, but how does it weigh in compared to its competitors? We will compare 1st Source Corporation to related businesses based on the strength of its dividends, valuation, profitability, risk, institutional ownership, analyst recommendations and earnings.
1st Source Corporation pays an annual dividend of $0.80 per share and has a dividend yield of 1.7%. 1st Source Corporation pays out 32.0% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.9% and pay out 35.0% of their earnings in the form of a dividend. 1st Source Corporation has increased its dividend for 31 consecutive years.
This table compares 1st Source Corporation and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|1st Source Corporation||21.74%||9.43%||1.16%|
|1st Source Corporation Competitors||20.54%||8.75%||0.92%|
This is a summary of recent ratings and price targets for 1st Source Corporation and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|1st Source Corporation||0||2||1||0||2.33|
|1st Source Corporation Competitors||360||2841||2309||66||2.37|
1st Source Corporation presently has a consensus target price of $51.67, suggesting a potential upside of 7.89%. As a group, “Commercial Banks” companies have a potential upside of 8.94%. Given 1st Source Corporation’s competitors stronger consensus rating and higher possible upside, analysts plainly believe 1st Source Corporation has less favorable growth aspects than its competitors.
Insider & Institutional Ownership
70.3% of 1st Source Corporation shares are owned by institutional investors. Comparatively, 46.5% of shares of all “Commercial Banks” companies are owned by institutional investors. 20.3% of 1st Source Corporation shares are owned by company insiders. Comparatively, 11.7% of shares of all “Commercial Banks” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Valuation & Earnings
This table compares 1st Source Corporation and its competitors revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|1st Source Corporation||$280.70 million||$57.78 million||19.16|
|1st Source Corporation Competitors||$343.38 million||$72.32 million||18.62|
1st Source Corporation’s competitors have higher revenue and earnings than 1st Source Corporation. 1st Source Corporation is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Volatility and Risk
1st Source Corporation has a beta of 1.07, meaning that its share price is 7% more volatile than the S&P 500. Comparatively, 1st Source Corporation’s competitors have a beta of 0.74, meaning that their average share price is 26% less volatile than the S&P 500.
1st Source Corporation beats its competitors on 8 of the 15 factors compared.
About 1st Source Corporation
1st Source Corporation is a bank holding company. The Company, through its subsidiaries, provides a range of financial products and services. It is engaged in commercial banking. 1st Source Bank (Bank), its banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients. The Bank offers a range of consumer and commercial banking services through its lending operations, retail branches and fee based businesses. It provides commercial, small business, agricultural, and real estate loans to primarily business clients mainly located within its regional market area. It provides a range of consumer banking products and services through its banking centers and at 1stsource.com. It also offers insurance products through 1st Source Insurance offices. It also provides a range of trust, investment, agency, and custodial services for individual, corporate and not-for-profit clients.
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