The SVP of 1St Source Corp (NASDAQ: SRCE) is Selling Shares

By Carrie Williams

Today, the SVP of 1St Source Corp (NASDAQ: SRCE), Jeffrey Buhr, sold shares of SRCE for $46K.

Following Jeffrey Buhr’s last SRCE Sell transaction on February 29, 2016, the stock climbed by 15.4%.

Based on 1St Source Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $71.08 million and quarterly net profit of $15.23 million. In comparison, last year the company earned revenue of $68.92 million and had a net profit of $14.28 million. The company has a one year high of $49.11 and a one year low of $28.42. SRCE’s market cap is $1.28B and the company has a P/E ratio of 20.45.

The insider sentiment on 1St Source Corp has been neutral according to 32 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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1st Source Corp. operates as a bank holding company for 1st Source Bank. It provides financial products and services through its subsidiaries. The bank offers commercial & consumer banking services, trust & investment management services and insurance to individuals and businesses. It provides commercial, small business, agricultural and real estate loans, including financing for industrial & commercial properties, financing for equipment, inventories & accounts receivables and acquisition financing. 1st Source Bank’s consumer banking services include checking & savings accounts, certificates of deposits and individual retirement accounts; and offer a full line of on-line and mobile banking products for bill payment. It also provides trust, investment, agency and custodial services for individual, corporate and not-for-profit clients. The bank’s specialty finance group services include equipment loan and lease finance products for auto & light trucks, medium & heavy duty trucks, new & used aircraft and construction & environmental equipment. The company was founded in 1971 and is headquartered in South Bend, IN.