S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
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Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
PwC Australia sidelines 9 directors as leak of tax information investigated
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
PwC Australia sidelines 9 directors as leak of tax information investigated
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
PwC Australia sidelines 9 directors as leak of tax information investigated
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
PwC Australia sidelines 9 directors as leak of tax information investigated
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
NASDAQ:SRCE

1st Source (SRCE) Stock Forecast, Price & News

$42.66
+0.49 (+1.16%)
(As of 05/26/2023 08:47 PM ET)
Compare
Today's Range
$41.88
$42.67
50-Day Range
$40.25
$46.65
52-Week Range
$38.77
$59.94
Volume
35,400 shs
Average Volume
62,718 shs
Market Capitalization
$1.05 billion
P/E Ratio
8.53
Dividend Yield
3.00%
Price Target
$54.50

1st Source MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
27.8% Upside
$54.50 Price Target
Short Interest
Healthy
1.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.69mentions of 1st Source in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$107,888 Bought Last Quarter
Proj. Earnings Growth
-13.20%
From $4.47 to $3.88 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.85 out of 5 stars

Finance Sector

189th out of 911 stocks

State Commercial Banks Industry

61st out of 191 stocks


SRCE stock logo

About 1st Source (NASDAQ:SRCE) Stock

1st Source Corp. is a bank holding company, which engages in the provision of financial products and services through its subsidiaries. The bank offers commercial and consumer banking services, trust and investment management services, and insurance to individuals and businesses. The firm provides commercial, small business, agricultural and real estate loans, including financing for industrial and commercial properties, financing for equipment, inventories and accounts receivables, and acquisition financing. It also provides trust, investment, agency and custodial services for individual, corporate and not-for-profit clients. The company was founded in 1971 and is headquartered in South Bend, IN.

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SRCE Stock News Headlines

StockNews.com Upgrades 1st Source (NASDAQ:SRCE) to Hold
1st Source (NASDAQ:SRCE) Upgraded to "Hold" at StockNews.com
"Unknown laser company making HUGE profit from Russia-Ukraine War"
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1st Source (NASDAQ:SRCE) Lowered to Sell at StockNews.com
1st Source (NASDAQ:SRCE) Sets New 12-Month Low at $40.63
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
1st Source (NASDAQ:SRCE) Downgraded by StockNews.com to "Sell"
1St Source (SRCE) Receives a Hold from D.A. Davidson
A Preview Of 1st Source's Earnings
First Citizens to acquire troubled SVB
1st Source (SRCE) Upgraded to Buy: Here's Why
See More Headlines
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SRCE Company Calendar

Last Earnings
10/20/2021
Ex-Dividend for 5/12 Dividend
5/01/2023
Dividend Payable
5/12/2023
Today
5/28/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SRCE
CUSIP
33690110
Employees
1,150
Year Founded
1863

Price Target and Rating

Average Stock Price Forecast
$54.50
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$51.00
Forecasted Upside/Downside
+27.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$120.51 million
Pretax Margin
38.79%

Debt

Sales & Book Value

Annual Sales
$385.08 million
Cash Flow
$5.82 per share
Book Value
$39.22 per share

Miscellaneous

Free Float
19,930,000
Market Cap
$1.05 billion
Optionable
Optionable
Beta
0.91

Social Links


Key Executives

  • Christopher J. Murphy
    Chairman, President & Chief Executive Officer
  • John Bedient
    Chief Operating Officer
  • Brett A. Bauer
    CFO, Treasurer, Chief Accounting Officer & SVP
  • Andrea G. ShortAndrea G. Short
    Director & Executive Vice President
  • John B. Griffith
    Secretary, Chief Administration & Risk Officer













SRCE Stock - Frequently Asked Questions

Should I buy or sell 1st Source stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 1st Source in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SRCE shares.
View SRCE analyst ratings
or view top-rated stocks.

What is 1st Source's stock price forecast for 2023?

2 brokerages have issued twelve-month price targets for 1st Source's shares. Their SRCE share price forecasts range from $51.00 to $58.00. On average, they expect the company's stock price to reach $54.50 in the next year. This suggests a possible upside of 27.8% from the stock's current price.
View analysts price targets for SRCE
or view top-rated stocks among Wall Street analysts.

How have SRCE shares performed in 2023?

1st Source's stock was trading at $53.09 on January 1st, 2023. Since then, SRCE shares have decreased by 19.6% and is now trading at $42.66.
View the best growth stocks for 2023 here
.

When is 1st Source's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our SRCE earnings forecast
.

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) posted its quarterly earnings results on Wednesday, October, 20th. The financial services provider reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.20. The financial services provider had revenue of $87.72 million for the quarter, compared to analysts' expectations of $84.70 million. 1st Source had a net margin of 29.75% and a trailing twelve-month return on equity of 13.47%. During the same period last year, the business earned $0.78 EPS.

How often does 1st Source pay dividends? What is the dividend yield for 1st Source?

1st Source declared a quarterly dividend on Thursday, April 20th. Shareholders of record on Tuesday, May 2nd will be given a dividend of $0.32 per share on Friday, May 12th. This represents a $1.28 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Monday, May 1st.
Read our dividend analysis for SRCE
.

Is 1st Source a good dividend stock?

1st Source (NASDAQ:SRCE) pays an annual dividend of $1.28 per share and currently has a dividend yield of 3.00%. The company has been increasing its dividend for 35 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 25.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SRCE will have a dividend payout ratio of 32.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SRCE.

What is Chris Murphy III's approval rating as 1st Source's CEO?

38 employees have rated 1st Source Chief Executive Officer Chris Murphy III on Glassdoor.com. Chris Murphy III has an approval rating of 89% among the company's employees.

What other stocks do shareholders of 1st Source own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 1st Source investors own include Bank of America (BAC), Anadarko Petroleum (APC), Fresnillo (FNLPF), KeyCorp (KEY), 3M (MMM), Exxon Mobil (XOM), Arbor Realty Trust (ABR), Pfizer (PFE), Aflac (AFL) and Boeing (BA).

What is 1st Source's stock symbol?

1st Source trades on the NASDAQ under the ticker symbol "SRCE."

Who are 1st Source's major shareholders?

1st Source's stock is owned by many different retail and institutional investors. Top institutional investors include 1ST Source Bank (29.97%), Dimensional Fund Advisors LP (6.53%), BlackRock Inc. (5.71%), Wellington Management Group LLP (2.72%), State Street Corp (2.11%) and Charles Schwab Investment Management Inc. (1.74%). Insiders that own company stock include Andrea G Short, Daniel B Fitzpatrick, John T Phair and Mark D Schwabero.
View institutional ownership trends
.

How do I buy shares of 1st Source?

Shares of SRCE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is 1st Source's stock price today?

One share of SRCE stock can currently be purchased for approximately $42.66.

How much money does 1st Source make?

1st Source (NASDAQ:SRCE) has a market capitalization of $1.05 billion and generates $385.08 million in revenue each year. The financial services provider earns $120.51 million in net income (profit) each year or $5.00 on an earnings per share basis.

How many employees does 1st Source have?

The company employs 1,150 workers across the globe.

Does 1st Source have any subsidiaries?
The following companies are subsidiares of 1st Source: 1st Source Bank, 1st Source Capital Corporation, 1st Source Corporation Investment Advisors Inc., 1st Source Funding LLC, 1st Source Insurance Inc., 1st Source Intermediate Holding LLC, 1st Source Master Trust, 1st Source Solar 1 LLC, 1st Source Solar 2 LLC, 1st Source Specialty Finance Inc., Michigan Transportation Finance Corporation, SFG Aircraft Inc., SFG Commercial Aircraft Leasing Inc., SFG Equipment Leasing Corporation I, Trustcorp Mortgage Company (Inactive), and Washington and Michigan Insurance Inc..
Read More
How can I contact 1st Source?

1st Source's mailing address is 100 NORTH MICHIGAN STREET, SOUTH BEND IN, 46601. The official website for the company is www.1stsource.com. The financial services provider can be reached via phone at (574) 235-2000, via email at shareholder@1stsource.com, or via fax at 574-235-2882.

This page (NASDAQ:SRCE) was last updated on 5/29/2023 by MarketBeat.com Staff

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