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

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.

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.

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

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.

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.

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).

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.

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 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.
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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.
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One share of SRCE stock can currently be purchased for approximately $44.40.

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.

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.