NASDAQ:SRCE

1st Source Stock Forecast, Price & News

$49.13
+0.05 (+0.10 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$48.93
$49.67
50-Day Range
$45.37
$50.75
52-Week Range
$28.72
$51.01
Volume47,691 shs
Average Volume57,969 shs
Market Capitalization$1.24 billion
P/E Ratio13.53
Dividend Yield2.44%
Beta1.2
30 days | 90 days | 365 days | Advanced Chart
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1st Source logo

About 1st Source

1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance 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 loans, and lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and renewable energy and acquisition financing; and commercial leasing, treasury management, and retirement planning services. In addition, it provides trust, investment, agency, and custodial services comprising administration of estates and personal trusts, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease products for new and used aircraft, auto and light trucks, construction equipment, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, vans, automobiles, motor coaches, shuttle buses, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services. As of December 31, 2020, the company operated through 79 banking centers in 18 counties in Indiana and Michigan, as well as Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.80 out of 5 stars

Finance Sector

363rd out of 1,979 stocks

State Commercial Banks Industry

57th out of 312 stocks

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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1st Source (NASDAQ:SRCE) Frequently Asked Questions

Is 1st Source a buy right now?

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

What stocks does MarketBeat like better than 1st Source?

Wall Street analysts have given 1st Source a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but 1st Source wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is 1st Source's next earnings date?

1st Source is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for 1st Source
.

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) posted its quarterly earnings data on Wednesday, April, 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.22. The financial services provider had revenue of $83.28 million for the quarter, compared to analyst estimates of $83.40 million. 1st Source had a net margin of 25.67% and a trailing twelve-month return on equity of 10.11%.
View 1st Source's earnings history
.

How has 1st Source's stock been impacted by Coronavirus (COVID-19)?

1st Source's stock was trading at $32.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SRCE stock has increased by 52.6% and is now trading at $49.13.
View which stocks have been most impacted by COVID-19
.

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

1st Source announced a quarterly dividend on Thursday, April 22nd. Shareholders of record on Tuesday, May 4th will be given a dividend of $0.30 per share on Friday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, May 3rd. This is a positive change from 1st Source's previous quarterly dividend of $0.29.
View 1st Source's dividend history
.

Is 1st Source a good dividend stock?

1st Source pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.44%. 1st Source does not yet have a strong track record of dividend growth. The dividend payout ratio of 1st Source is 37.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, 1st Source will have a dividend payout ratio of 32.52% next year. This indicates that 1st Source will be able to sustain or increase its dividend.
View 1st Source's dividend history.

What price target have analysts set for SRCE?

1 equities research analysts have issued 1-year price objectives for 1st Source's shares. Their forecasts range from $44.00 to $44.00. On average, they anticipate 1st Source's share price to reach $44.00 in the next twelve months. This suggests that the stock has a possible downside of 10.4%.
View analysts' price targets for 1st Source
or view top-rated stocks among Wall Street analysts.

Who are 1st Source's key executives?

1st Source's management team includes the following people:
  • Mr. Christopher J. Murphy III, Pres, CEO & Chairman (Age 74, Pay $1.43M)
  • Ms. Andrea Gayle Short, Principal Accounting Officer, Exec. VP, Treasurer & CFO (Age 58)
  • Mr. John B. Griffith, Exec. VP, Chief Admin. Officer, Gen. Counsel & Sec. (Age 63)
  • Mr. Jeffrey L. Buhr, Exec. VP & Chief Credit Officer of 1st Source Bank (Age 61)
  • Mr. Lanny Scoby, City Pres of Kalamazoo Market-1st Source Bank
  • Mr. Chris Strafford, Sr. VP
  • Mr. Larry Mayers, Regional Pres of 1st Source Bank
  • Mr. Christopher L. Craft CFA, CTP, Pres & COO of Specialty Fin. Group - 1st Source Bank
  • Mr. Greg Brown, Pres of Specialty Vehicle Division and Pres of Auto/Light Truck Division
  • Mr. Matthew Vessely, Regional Pres for Porter and LaPorte Counties

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

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

Who are some of 1st Source's key competitors?

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 The 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 investors include 1ST Source Bank (29.71%), Dimensional Fund Advisors LP (7.00%), BlackRock Inc. (5.59%), Alliancebernstein L.P. (3.38%), The Manufacturers Life Insurance Company (1.68%) and Geode Capital Management LLC (1.25%). Company insiders that own 1st Source stock include Andrea G Short, Christopher J Murphy III, Daniel B Fitzpatrick, John Afleck-Graves, John B Griffith, John T Phair and Mark D Schwabero.
View institutional ownership trends for 1st Source
.

Which major investors are selling 1st Source stock?

SRCE stock was sold by a variety of institutional investors in the last quarter, including 1ST Source Bank, Dimensional Fund Advisors LP, Renaissance Technologies LLC, Goldman Sachs Group Inc., Northern Trust Corp, Reinhart Partners Inc., Millennium Management LLC, and Indiana Trust & Investment Management CO. Company insiders that have sold 1st Source company stock in the last year include Andrea G Short, and John T Phair.
View insider buying and selling activity for 1st Source
or view top insider-selling stocks.

Which major investors are buying 1st Source stock?

SRCE stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., BlackRock Inc., Geode Capital Management LLC, HRT Financial LP, Barclays PLC, Ergoteles LLC, Rafferty Asset Management LLC, and IndexIQ Advisors LLC. Company insiders that have bought 1st Source stock in the last two years include Christopher J Murphy III, Daniel B Fitzpatrick, John Afleck-Graves, and Mark D Schwabero.
View insider buying and selling activity for 1st Source
or or view top insider-buying stocks.

How do I buy shares of 1st Source?

Shares of SRCE 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 $49.13.

How much money does 1st Source make?

1st Source has a market capitalization of $1.24 billion and generates $366.92 million in revenue each year. The financial services provider earns $81.44 million in net income (profit) each year or $3.17 on an earnings per share basis.

How many employees does 1st Source have?

1st Source employs 1,175 workers across the globe.

What is 1st Source's official website?

The official website for 1st Source is www.1stsource.com.

Where are 1st Source's headquarters?

1st Source is headquartered at 100 NORTH MICHIGAN STREET, SOUTH BEND IN, 46601.

How can I contact 1st Source?

1st Source's mailing address is 100 NORTH MICHIGAN STREET, SOUTH BEND IN, 46601. The financial services provider can be reached via phone at 574-235-2000 or via email at [email protected]


This page was last updated on 6/13/2021 by MarketBeat.com Staff
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