What is DA Davidson's Estimate for 1st Source Q2 Earnings?

1st Source Co. (NASDAQ:SRCE - Free Report) - Analysts at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for shares of 1st Source in a report issued on Monday, April 28th. DA Davidson analyst P. Winter anticipates that the financial services provider will earn $1.47 per share for the quarter. The consensus estimate for 1st Source's current full-year earnings is $5.82 per share. DA Davidson also issued estimates for 1st Source's FY2025 earnings at $5.96 EPS and FY2026 earnings at $5.98 EPS.

1st Source (NASDAQ:SRCE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.16. 1st Source had a return on equity of 11.92% and a net margin of 23.10%. The company had revenue of $104.04 million during the quarter, compared to analysts' expectations of $100.97 million.

Several other brokerages have also recently issued reports on SRCE. Keefe, Bruyette & Woods lifted their target price on 1st Source from $67.00 to $69.00 and gave the company a "market perform" rating in a research report on Monday, January 27th. Weiss Ratings restated a "buy (b)" rating on shares of 1st Source in a research report on Thursday, April 24th. Finally, Piper Sandler increased their target price on shares of 1st Source from $72.50 to $75.00 and gave the stock an "overweight" rating in a report on Monday.

1st Source Stock Up 2.4 %

SRCE stock traded up $1.45 during midday trading on Tuesday, reaching $61.51. 55,693 shares of the company's stock traded hands, compared to its average volume of 83,448. 1st Source has a 52 week low of $48.97 and a 52 week high of $68.13. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 11.48 and a beta of 0.69. The firm's fifty day moving average price is $59.24 and its 200-day moving average price is $61.04. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On 1st Source

A number of hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of 1st Source by 13.8% during the 1st quarter. Victory Capital Management Inc. now owns 9,829 shares of the financial services provider's stock worth $588,000 after acquiring an additional 1,193 shares in the last quarter. Isthmus Partners LLC raised its position in 1st Source by 0.8% in the 1st quarter. Isthmus Partners LLC now owns 55,082 shares of the financial services provider's stock valued at $3,294,000 after purchasing an additional 433 shares in the last quarter. Cerity Partners LLC purchased a new stake in 1st Source in the 1st quarter valued at $610,000. Valeo Financial Advisors LLC boosted its holdings in 1st Source by 2.5% in the 1st quarter. Valeo Financial Advisors LLC now owns 10,378 shares of the financial services provider's stock valued at $621,000 after purchasing an additional 254 shares in the last quarter. Finally, Values First Advisors Inc. grew its holdings in 1st Source by 0.9% during the first quarter. Values First Advisors Inc. now owns 36,138 shares of the financial services provider's stock worth $2,163,000 after acquiring an additional 323 shares during the period. 74.45% of the stock is currently owned by hedge funds and other institutional investors.

1st Source Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.52 annualized dividend and a dividend yield of 2.47%. This is a positive change from 1st Source's previous quarterly dividend of $0.36. 1st Source's payout ratio is currently 26.71%.

1st Source Company Profile

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.