NASDAQ:SRCE 1st Source (SRCE) Stock Forecast, Price & News $44.40 +2.55 (+6.09%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$42.01▼$44.4050-Day Range$40.25▼$45.1152-Week Range$38.77▼$59.94Volume62,458 shsAverage Volume64,461 shsMarket Capitalization$1.10 billionP/E Ratio8.88Dividend Yield2.88%Price Target$54.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 1st Source MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside22.7% Upside$54.50 Price TargetShort InterestHealthy1.52% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.93Based on 3 Articles This WeekInsider TradingAcquiring Shares$107,888 Bought Last QuarterProj. Earnings Growth-13.20%From $4.47 to $3.88 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.59 out of 5 starsFinance Sector326th out of 873 stocksState Commercial Banks Industry96th out of 181 stocks 2.3 Analyst's Opinion Consensus Rating1st Source has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $54.50, 1st Source has a forecasted upside of 22.7% from its current price of $44.40.Amount of Analyst Coverage1st Source has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.52% of the float of 1st Source has been sold short.Short Interest Ratio / Days to Cover1st Source has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in 1st Source has recently increased by 16.69%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend Yield1st Source pays a meaningful dividend of 3.11%, higher than the bottom 25% of all stocks that pay dividends.Dividend Growth1st Source has been increasing its dividend for 35 years.Dividend CoverageThe dividend payout ratio of 1st Source is 25.60%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, 1st Source will have a dividend payout ratio of 32.99% next year. This indicates that 1st Source will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SRCE. Previous Next 2.7 News and Social Media Coverage News Sentiment1st Source has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for 1st Source this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 1 people have added 1st Source to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, 1st Source insiders have bought more of their company's stock than they have sold. Specifically, they have bought $107,888.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders19.30% of the stock of 1st Source is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions73.23% of the stock of 1st Source is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for 1st Source are expected to decrease by -13.20% in the coming year, from $4.47 to $3.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of 1st Source is 8.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.50.Price to Earnings Ratio vs. SectorThe P/E ratio of 1st Source is 8.88, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.83.Price to Book Value per Share Ratio1st Source has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About 1st Source (NASDAQ:SRCE) Stock1st 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.Read More Receive SRCE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for 1st Source and its competitors with MarketBeat's FREE daily newsletter. Email Address SRCE Stock News HeadlinesMay 28, 2023 | americanbankingnews.comStockNews.com Upgrades 1st Source (NASDAQ:SRCE) to HoldMay 27, 2023 | americanbankingnews.com1st Source (NASDAQ:SRCE) Upgraded to "Hold" at StockNews.comJune 3, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 21, 2023 | americanbankingnews.com1st Source (NASDAQ:SRCE) Research Coverage Started at StockNews.comMay 19, 2023 | finance.yahoo.comWith 44% ownership, 1st Source Corporation (NASDAQ:SRCE) has piqued the interest of institutional investorsMay 7, 2023 | americanbankingnews.com1st Source (NASDAQ:SRCE) Lowered to Sell at StockNews.comMay 6, 2023 | americanbankingnews.comDaniel B. Fitzpatrick Purchases 1,000 Shares of 1st Source Co. (NASDAQ:SRCE) StockMay 4, 2023 | americanbankingnews.com1st Source (NASDAQ:SRCE) Sets New 12-Month Low at $40.63June 3, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.April 28, 2023 | americanbankingnews.com1st Source Co. (NASDAQ:SRCE) to Post FY2023 Earnings of $4.18 Per Share, DA Davidson ForecastsApril 28, 2023 | americanbankingnews.com1st Source (NASDAQ:SRCE) Downgraded by StockNews.com to "Sell"April 27, 2023 | americanbankingnews.com1st Source Co. (NASDAQ:SRCE) to Post Q2 2023 Earnings of $1.05 Per Share, DA Davidson ForecastsApril 27, 2023 | americanbankingnews.com1st Source Co. (NASDAQ:SRCE) Director Acquires $21,938.40 in StockApril 26, 2023 | finanznachrichten.de1st Source Corporation: 1st Source Performance Earns Inclusion in the KBW Bank Honor Roll Among Top Performing Banks in CountryApril 24, 2023 | markets.businessinsider.com1St Source (SRCE) Receives a Hold from D.A. DavidsonApril 22, 2023 | finance.yahoo.comShould You Be Adding 1st Source (NASDAQ:SRCE) To Your Watchlist Today?April 21, 2023 | benzinga.comA Preview Of 1st Source's EarningsApril 21, 2023 | msn.com1st Source (SRCE) Declares $0.32 DividendApril 21, 2023 | msn.com1st Source's Return On Capital Employed OverviewApril 21, 2023 | finance.yahoo.com1st Source Corporation Elects New Member to its Board of Directors, Three Existing Directors Re-ElectedApril 20, 2023 | finance.yahoo.com1st Source Corporation Reports Strong First Quarter Results, Cash Dividend DeclaredApril 17, 2023 | finance.yahoo.comGerman American Bancorp (GABC) to Report Q1 Results: Wall Street Expects Earnings GrowthApril 9, 2023 | americanbankingnews.com1st Source Co. Forecasted to Post FY2023 Earnings of $4.25 Per Share (NASDAQ:SRCE)April 8, 2023 | americanbankingnews.com1st Source Co. Expected to Post Q1 2023 Earnings of $1.30 Per Share (NASDAQ:SRCE)March 30, 2023 | nasdaq.com1st Source (SRCE) Passes Through 3% Yield MarkMarch 28, 2023 | msn.comFirst Citizens to acquire troubled SVBMarch 27, 2023 | finance.yahoo.com1st Source (SRCE) Upgraded to Buy: Here's WhySee More Headlines SRCE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SRCE Company Calendar Last Earnings10/20/2021Ex-Dividend for 5/12 Dividend5/01/2023Dividend Payable5/12/2023Today6/03/2023Next Earnings (Estimated)7/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:SRCE CUSIP33690110 CIK34782 Webwww.1stsource.com Phone(574) 235-2000Fax574-235-2882Employees1,150Year Founded1863Price Target and Rating Average Stock Price Forecast$54.50 High Stock Price Forecast$58.00 Low Stock Price Forecast$51.00 Forecasted Upside/Downside+22.7%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$5.00 Trailing P/E Ratio8.88 Forward P/E Ratio9.93 P/E GrowthN/ANet Income$120.51 million Net Margins29.75% Pretax Margin38.79% Return on Equity13.47% Return on Assets1.52% Debt Debt-to-Equity Ratio0.11 Current Ratio0.89 Quick Ratio0.89 Sales & Book Value Annual Sales$385.08 million Price / Sales2.85 Cash Flow$6.18 per share Price / Cash Flow7.19 Book Value$39.22 per share Price / Book1.13Miscellaneous Outstanding Shares24,700,000Free Float19,930,000Market Cap$1.10 billion OptionableOptionable Beta0.91 Social Links Key ExecutivesChristopher J. MurphyChairman, President & Chief Executive OfficerJohn BedientChief Operating OfficerBrett A. BauerCFO, Treasurer, Chief Accounting Officer & SVPAndrea G. ShortDirector & Executive Vice PresidentJohn B. GriffithSecretary, Chief Administration & Risk OfficerKey CompetitorsFirst BuseyNASDAQ:BUSES&T BancorpNASDAQ:STBATriCo BancsharesNASDAQ:TCBKOFG BancorpNYSE:OFGHeartland Financial USANASDAQ:HTLFView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Bought 9,279 shares on 5/22/2023Ownership: 0.308%JPMorgan Chase & Co.Bought 5,445 shares on 5/18/2023Ownership: 0.132%New York State Common Retirement FundSold 396 shares on 5/18/2023Ownership: 0.100%First Trust Advisors LPSold 1,656 shares on 5/16/2023Ownership: 0.329%AQR Capital Management LLCBought 485 shares on 5/16/2023Ownership: 0.254%View All Insider TransactionsView All Institutional Transactions 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 equities research analysts have issued 12 month price objectives for 1st Source's shares. Their SRCE share price forecasts range from $51.00 to $58.00. On average, they expect the company's share price to reach $54.50 in the next twelve months. This suggests a possible upside of 22.7% 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 at the beginning of the year. Since then, SRCE stock has decreased by 16.4% and is now trading at $44.40. 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) issued its earnings results on Wednesday, October, 20th. The financial services provider reported $1.29 earnings per share 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 the consensus estimate of $84.70 million. 1st Source had a trailing twelve-month return on equity of 13.47% and a net margin of 29.75%. During the same quarter in the prior year, the company earned $0.78 earnings per share. 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. Stockholders of record on Tuesday, May 2nd will be paid a dividend of $0.32 per share on Friday, May 12th. This represents a $1.28 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Monday, May 1st. Read our dividend analysis for SRCE. What ETFs hold 1st Source's stock? ETFs with the largest weight of 1st Source (NASDAQ:SRCE) stock in their portfolio include Dividend Performers ETF (IPDP), First Trust NASDAQ ABA Community Bank Index Fund (QABA), iShares US Small Cap Value Factor ETF (SVAL), First Trust RBA American Industrial Renaissance ETF (AIRR), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), Timothy Plan US Small Cap Core ETF (TPSC), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and IQ Chaikin U.S. Small Cap ETF (CSML). 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 3.06%. 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 a variety of institutional and retail investors. Top institutional shareholders 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 $44.40. How much money does 1st Source make? 1st Source (NASDAQ:SRCE) has a market capitalization of $1.10 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 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding 1st Source Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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