1st Source - SRCE Stock Forecast, Price & News

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

2 Wall Street research analysts have issued 12-month price targets for 1st Source's shares. Their SRCE share price forecasts range from $51.00 to $58.00. On average, they anticipate the company's share price to reach $54.50 in the next twelve months. This suggests a possible upside of 16.9% from the stock's current price.
View analysts price targets for SRCE or view top-rated stocks among Wall Street analysts.

1st Source's stock was trading at $53.09 at the beginning of the year. Since then, SRCE stock has decreased by 12.2% and is now trading at $46.61.
View the best growth stocks for 2023 here.

1st Source saw a increase in short interest in February. As of February 28th, there was short interest totaling 163,700 shares, an increase of 26.0% from the February 13th total of 129,900 shares. Based on an average trading volume of 44,400 shares, the short-interest ratio is currently 3.7 days. Approximately 0.9% of the company's stock are sold short.
View 1st Source's Short Interest.

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

1st Source Co. (NASDAQ:SRCE) released its quarterly earnings results on Thursday, January, 19th. The financial services provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.30 by $0.05. The financial services provider earned $94.74 million during the quarter, compared to analysts' expectations of $96.60 million. 1st Source had a trailing twelve-month return on equity of 13.24% and a net margin of 31.30%.

1st Source announced a quarterly dividend on Thursday, January 19th. Shareholders of record on Monday, February 6th will be given a dividend of $0.32 per share on Thursday, February 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, February 3rd.
Read our dividend analysis for SRCE.

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), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Small Cap Volatility Wtd (CSA).

1st Source (NASDAQ:SRCE) pays an annual dividend of $1.28 per share and currently has a dividend yield of 2.84%. 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 26.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SRCE will have a dividend payout ratio of 29.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SRCE.

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.

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).

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

1st Source's stock is owned by a number of retail and institutional investors. Top institutional shareholders include 1ST Source Bank (30.02%), Dimensional Fund Advisors LP (6.71%), Alliancebernstein L.P. (3.08%), The Manufacturers Life Insurance Company (1.81%), Charles Schwab Investment Management Inc. (1.81%) and Boston Trust Walden Corp (1.56%). Insiders that own company stock include Andrea G Short, Daniel B Fitzpatrick, John T Phair and Mark D Schwabero.
View institutional ownership trends.

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.

One share of SRCE stock can currently be purchased for approximately $46.61.

1st Source (NASDAQ:SRCE) has a market capitalization of $1.19 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 $4.85 on an earnings per share basis.

The company employs 1,150 workers across the globe.

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.