Insider Move to Note: The Exec VP / Secy 1st Source Bank of 1st Source Corporation (NASDAQ:SRCE), John Griffith Sold 2,500 Shares

November 29, 2016 - By Peter Erickson

Insider Move to Note: The Exec VP / Secy 1st Source Bank of 1st Source Corporation (NASDAQ:SRCE), John Griffith Sold 2,500 Shares

John Griffith Insider Sell

Exec VP / Secy 1st Source Bank John Griffith of 1St Source Corp, sold 2,500 of the public firm shares worth $97,700 U.S Dollars with an average of $39.1 stock price for a share. Right now, he has in hand a total of 47,967 shares or 0.18% of the Company’s market cap (total dollar market value of all company’s outstanding shares). The sale was made on 28-11-2016 and this act was unveiled in a Form 4 which was filed with the Security and Exchange Commission. This Form 4 is available for public review here.

Insitutional Activity: The institutional sentiment increased to 1.57 in Q2 2016. Its up 0.72, from 0.85 in 2016Q1. The ratio increased, as 4 funds sold all 1st Source Corporation shares owned while 43 reduced positions. 12 funds bought stakes while 28 increased positions. They now own 16.60 million shares or 0.98% less from 16.77 million shares in 2016Q1.

Emerald Mutual Fund Advisers Trust holds 0.18% of its portfolio in 1st Source Corporation (NASDAQ:SRCE) for 100,000 shares. Bnp Paribas Arbitrage Sa accumulated 734 shares or 0% of the stock. Walter And Keenan Financial Consulting Mi Adv has 7,913 shares for 0.14% of their US portfolio. Blackrock Group Ltd holds 0% of its portfolio in 1st Source Corporation (NASDAQ:SRCE) for 6,872 shares. Moreover, Citadel Advsr has 0% invested in 1st Source Corporation (NASDAQ:SRCE) for 7,545 shares. Jacobus Wealth Management Inc has 15,052 shares for 0.15% of their US portfolio. State Board Of Administration Of Florida Retirement Systems last reported 21,532 shares in the company. Barclays Pcl last reported 48 shares in the company. The New York-based State Common Retirement Fund has invested 0% in 1st Source Corporation (NASDAQ:SRCE). Banc Funds Company Ltd holds 45,000 shares or 0.09% of its portfolio. Savings Bank Of New York Mellon Corp accumulated 100,019 shares or 0% of the stock. Northern holds 0% or 218,366 shares in its portfolio. The New York-based Tower Research Cap Limited Company (Trc) has invested 0% in 1st Source Corporation (NASDAQ:SRCE). Great West Life Assurance Company Can holds 0% or 1,430 shares in its portfolio. Hutchin Hill Cap Limited Partnership accumulated 0.01% or 11,100 shares.

Insider Transactions: Since July 25, 2016, the stock had 0 insider buys, and 1 sale for $330,582 net activity. Wessell Steven J sold $330,582 worth of stock or 10,000 shares.

About 42,109 shares traded hands. 1st Source Corporation (NASDAQ:SRCE) has risen 13.06% since April 26, 2016 and is uptrending. It has outperformed by 7.80% the S&P500.

1st Source Corporation is a bank holding company. The company has a market cap of $1000.00 million. The Company, through its subsidiaries, provides a range of financial services and products. 1st Source Bank , its banking subsidiary, offers commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients through its approximately 80 banking center locations in over 20 counties in Indiana and Michigan. 1st Source Bank’s Specialty Finance Group, with over 20 locations around the nation, offers specialized financing services for new and used private and cargo aircraft, automobiles and light trucks for leasing and rental agencies, medium and heavy duty trucks and construction equipment. It has a 18.06 P/E ratio.

According to Zacks Investment Research, “1ST SOURCE CORP.is a bank holding company engaged in general banking business. The bank offers a broad range of commercial banking, personal banking and trust services. In addition, 1st Source Bank provides highly specialized financing services for: automobile fleets in the rental and leasing industries; privately-held used aircraft; heavy duty trucks and construction equipment.These services are marketed nationwide.”

Analysts await 1st Source Corporation (NASDAQ:SRCE) to report earnings on January, 19. They expect $0.58 earnings per share, up 5.45% or $0.03 from last year’s $0.55 per share. SRCE’s profit will be $14.73M for 16.97 P/E if the $0.58 EPS becomes a reality. After $0.55 actual earnings per share reported by 1st Source Corporation for the previous quarter, Wall Street now forecasts 5.45% EPS growth.

More recent 1st Source Corporation (NASDAQ:SRCE) news were published by: Reuters.com which released: “BRIEF-1st Source Corporation Q3 earnings per share $0.55” on October 20, 2016. Also Streetinsider.com published the news titled: “Form 4 1ST SOURCE CORP For: Nov 28 Filed by: GRIFFITH JOHN B” on November 29, 2016. Nasdaq.com‘s news article titled: “1st Source Corporation (SRCE) Ex-Dividend Date Scheduled for October 28, 2016” with publication date: October 27, 2016 was also an interesting one.

SRCE Company Profile

1st Source Corporation (1st Source), incorporated on January 19, 1962, is a bank holding company. The Company, through its subsidiaries, provides a range of financial services and products. 1st Source Bank (the Bank), its banking subsidiary, offers commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients through its approximately 80 banking center locations in over 20 counties in Indiana and Michigan. 1st Source Bank’s Specialty Finance Group, with over 20 locations around the nation, offers specialized financing services for new and used private and cargo aircraft, automobiles and light trucks for leasing and rental agencies, medium and heavy duty trucks and construction equipment. The Firm has consolidated total assets of approximately $5.19 billion, total loans and leases of over $3.99 billion, total deposits of approximately $4.14 billion and total shareholders’ equity of over $644.05 million. 1st Source Bank offers a range of consumer and commercial banking services through its lending operations, retail branches and fee businesses.

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