DA Davidson analyst Peter Winter raised the firm’s price target on 1st Source (SRCE) to $69 from $67 and keeps a Neutral rating on the shares. The company reported another “beat and raise quarter”, with net interest income increasing by $3.6M to $88.8M led by 8bps net interest margin expansion to 4.09%, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRCE: