Q3 Earnings Forecast for 1st Source Issued By DA Davidson

Key Points

• DA Davidson forecasts that 1st Source Corporation will report Q3 2025 earnings per share of $1.58, maintaining a "Neutral" rating with a target price of $67.00.
• 1st Source recently declared a quarterly dividend of $0.38 per share with a yield of 2.47%, payable on August 15th.
• Shares of 1st Source opened at $61.42 with a 52-week trading range between $52.14 and $68.13, showing a market capitalization of $1.51 billion.

1st Source Corporation (NASDAQ:SRCE - Free Report) - Stock analysts at DA Davidson issued their Q3 2025 earnings per share estimates for 1st Source in a research note issued to investors on Tuesday, July 29th. DA Davidson analyst P. Winter expects that the financial services provider will earn $1.58 per share for the quarter. DA Davidson currently has a "Neutral" rating and a $67.00 target price on the stock. 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 $6.20 EPS and FY2026 earnings at $6.28 EPS.

1st Source (NASDAQ:SRCE - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.02. 1st Source had a return on equity of 11.94% and a net margin of 24.02%. The business had revenue of $108.25 million during the quarter, compared to analysts' expectations of $104.67 million.

Several other equities research analysts have also recently issued reports on the company. Piper Sandler raised their target price on 1st Source from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $69.00 target price (up from $67.00) on shares of 1st Source in a report on Monday, July 28th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of 1st Source in a report on Tuesday, July 29th.

1st Source Trading Down 1.7%

1st Source stock traded down $1.03 during trading on Wednesday, reaching $58.79. 106,367 shares of the company were exchanged, compared to its average volume of 74,044. 1st Source has a 52-week low of $52.14 and a 52-week high of $68.13. The company has a market capitalization of $1.44 billion, a P/E ratio of 10.30 and a beta of 0.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.96. The stock's 50 day simple moving average is $61.91 and its two-hundred day simple moving average is $61.15.

1st Source Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, August 5th. This represents a $1.52 annualized dividend and a yield of 2.6%. 1st Source's payout ratio is presently 26.62%.

Hedge Funds Weigh In On 1st Source

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CX Institutional purchased a new stake in 1st Source in the 2nd quarter valued at approximately $63,000. Aquatic Capital Management LLC lifted its stake in shares of 1st Source by 14.3% during the 4th quarter. Aquatic Capital Management LLC now owns 2,515 shares of the financial services provider's stock worth $147,000 after purchasing an additional 315 shares during the period. Financial Life Planners lifted its stake in shares of 1st Source by 239.1% during the 1st quarter. Financial Life Planners now owns 2,784 shares of the financial services provider's stock worth $166,000 after purchasing an additional 1,963 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of 1st Source by 143.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,738 shares of the financial services provider's stock worth $218,000 after purchasing an additional 2,204 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of 1st Source during the 4th quarter worth $219,000. Institutional investors and hedge funds own 74.45% of the company's stock.

About 1st Source

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.