1st Source dividend calculator – 1st Source Corp Announces 0.32 Cash Dividend
February 10, 2023
Dividends Yield
1st Source dividend calculator – 1st Source ($NASDAQ:SRCE) Corporation is a publicly traded company that specializes in banking, wealth management, and insurance services. On February 1 2023, 1st Source Corporation announced a 0.32 cash dividend. This dividend will be paid to shareholders of record as of February 3 2023. The strong 0.32 cash dividend is the latest in a long line of dividends that 1st Source Corporation has paid out over the last three years. During this period, the company has paid an annual dividend of 1.26 USD per share with a dividend yield of 2.63%.
This makes 1st Source Corporation an attractive option for those who are interested in dividend stocks. Their commitment to quality services, products and customer service is evident in their continued success and growth in the banking and financial services sector. 1st Source Corporation is an excellent option for investors looking for a reliable source of income from dividend stocks. With its strong dividend yield, it is one of the best choices for those seeking a steady stream of income. Investors should be sure to check the ex-dividend date of February 3 2023, so they can ensure they are eligible to receive the 0.32 cash dividend payment.
Share Price
The stock price opened at $49.2 on Wednesday and closed the day at $49.5, resulting in a 0.6% increase from its last closing price of $49.2. This announcement is especially exciting for shareholders of 1ST SOURCE, as the company has seen a steady increase in their share price over the past several months, due to strong financial performance and strategic decisions. The dividend of 0.32 per share is an additional reward to shareholders for their continued support of the company. 1ST SOURCE Corp also stated that the payment of dividends is subject to the discretion of the board of directors and can be changed or suspended at any time.
The company provides banking, trust and investment services to individuals and businesses in the region. Overall, 1ST SOURCE Corp’s dividend announcement is a rewarding gesture for its shareholders and a sign of confidence in the company’s current performance and future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 1st Source. More…
| Total Revenues | Net Income | Net Margin |
| – | 120.51 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 1st Source. More…
| Operations | Investing | Financing |
| 166.76 | -598.56 | 713.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 1st Source. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.34k | 7.42k | – |
Key Ratios Snapshot
Some of the financial key ratios for 1st Source are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.0% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – 1st Source Intrinsic Stock Value
GoodWhale conducted an analysis of 1ST SOURCE‘s wellbeing. Our proprietary Valuation Line estimated the fair value of 1ST SOURCE share to be around $46.5. As of now, 1ST SOURCE stock is traded at $49.5, which is a fair price that is overvalued by 6.5%. This could be due to a number of factors such as investor sentiment, market conditions, and other external influences. Despite the current overvaluation, 1ST SOURCE may still be worth the investment if the market momentum continues. It is important to keep in mind that our Valuation Line is just one way to assess a company’s health and potential returns. Other methods such as fundamental analysis, technical analysis, and investment research should also be taken into consideration before making a decision to invest. Additionally, investors should consider their own personal risk tolerance and financial goals before investing in 1ST SOURCE. Overall, GoodWhale’s analysis of 1ST SOURCE’s wellbeing showed that the stock is currently trading at a fair price that is overvalued by 6.5%. That being said, investors should do their own due diligence before making any final decisions about investing in 1ST SOURCE. More…
Peers
The company offers a wide range of products and services including banking, lending, investments, and insurance. 1st Source Corp competes with a number of other financial institutions in the United States, including Salisbury Bancorp Inc, Union Bank Of The Philippines Inc, East West Banking Corp.
– Salisbury Bancorp Inc ($NASDAQ:SAL)
Salisbury Bancorp Inc is a bank holding company based in the United States. The company was founded in 1892 and is headquartered in New York, New York. Salisbury Bancorp Inc operates through its subsidiary, Salisbury Bank and Trust Company. The company provides banking services to individuals and businesses in the United States. Salisbury Bank and Trust Company offers a range of deposit and loan products, as well as online and mobile banking services.
– Union Bank Of The Philippines Inc ($PSE:UBP)
Union Bank of the Philippines Inc has a market cap of 167.08B as of 2022. The company is a universal bank that provides a wide range of banking and other financial services to its retail, corporate, and institutional clients. Its products and services include deposit products, loans, credit cards, foreign exchange, treasury, and trust services. The bank has a network of over 900 branches and 2,600 ATMs nationwide.
– East West Banking Corp ($PSE:EW)
East West Banking Corporation is a Philippines-based bank. The Bank offers a range of personal and corporate banking services, which include deposits, loans, foreign exchange, treasury, credit cards, and other services. East West Banking Corporation has a nationwide network of over 500 branches and 1,800 ATMs.
Summary
1ST SOURCE is an attractive dividend stock for investors, offering a two-year dividend yield of 2.63%. The company has consistently paid an annual dividend of 1.26 USD per share in the past three years, making it a worthwhile option for anyone looking to diversify their dividend portfolio. As of February 3, 2023, the company will pay a dividend to shareholders of record, allowing investors to benefit from the stock’s high yield. 1ST SOURCE is a reliable dividend stock with potential for long-term growth.
It is important to note that dividend yields are not guaranteed and could be affected by various factors, including but not limited to market volatility and economic conditions. Investors should research the company thoroughly before investing in 1ST SOURCE to ensure they understand the risks associated with the stock.
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