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NASDAQ:SRCE

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

$65.47
+3.08 (+4.94%)
(As of 07/26/2024 ET)
Today's Range
$62.64
$65.63
50-Day Range
$49.36
$65.47
52-Week Range
$40.96
$65.63
Volume
195,934 shs
Average Volume
69,570 shs
Market Capitalization
$1.60 billion
P/E Ratio
13.17
Dividend Yield
2.08%
Price Target
$56.50

1st Source MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
13.7% Downside
$56.50 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.61mentions of 1st Source in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$97,867 Sold Last Quarter
Proj. Earnings Growth
-2.89%
From $4.84 to $4.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.03 out of 5 stars

Finance Sector

462nd out of 898 stocks

State Commercial Banks Industry

104th out of 181 stocks

SRCE stock logo

About 1st Source Stock (NASDAQ:SRCE)

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products 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 mortgage loans, and home equity 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 construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

SRCE Stock Price History

SRCE Stock News Headlines

“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
7 Top Dividend Stocks to Buy for Long-Term Gains
1st Source (SRCE) Set to Announce Earnings on Thursday
KBW Keeps Their Hold Rating on 1St Source (SRCE)
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
1st Source: Q1 Earnings Snapshot
1st Source Bank
SRCE Feb 2024 50.000 call
1st Source Corp SRCE
1st Source Corp's Dividend Analysis
1st Source: Q4 Earnings Insights
See More Headlines
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Company Calendar

Ex-Dividend for 5/15 Dividend
5/03/2024
Dividend Payable
5/15/2024
Last Earnings
7/25/2024
Today
7/26/2024
Ex-Dividend for 8/15 Dividend
8/05/2024
Dividend Payable
8/15/2024
Next Earnings (Estimated)
10/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:SRCE
CUSIP
33690110
Employees
1,170
Year Founded
1863

Price Target and Rating

Average Stock Price Target
$56.50
High Stock Price Target
$60.00
Low Stock Price Target
$53.00
Potential Upside/Downside
-13.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$124.93 million
Pretax Margin
30.12%

Debt

Sales & Book Value

Annual Sales
$507.53 million
Cash Flow
$6.34 per share
Book Value
$43.73 per share

Miscellaneous

Free Float
19,763,000
Market Cap
$1.60 billion
Optionable
Optionable
Beta
0.80

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Key Executives

  • Mr. Christopher J. Murphy III (Age 77)
    President, CEO & Chairman
    Comp: $1.61M
  • Mr. Brett A. Bauer (Age 52)
    Senior VP, CFO & Treasurer
    Comp: $526.32k
  • Mr. John B. Griffith (Age 66)
    Executive VP, Chief Administrative Officer, General Counsel & Secretary
    Comp: $673.36k
  • Ms. Andrea Gayle ShortMs. Andrea Gayle Short (Age 61)
    Executive VP & Director
    Comp: $879.22k
  • Mr. Jeffrey L. Buhr (Age 64)
    Executive VP & Chief Credit Officer of 1st Source Bank
    Comp: $641.75k
  • Mr. Kevin C. Murphy
    Executive VP & Chief Digital Officer
  • Mr. Christopher L. Craft CFA
    CTP, President & COO of Specialty Finance Group - 1st Source Bank

SRCE Stock Analysis - Frequently Asked Questions

How have SRCE shares performed this year?

1st Source's stock was trading at $54.95 at the beginning of 2024. Since then, SRCE shares have increased by 19.1% and is now trading at $65.47.
View the best growth stocks for 2024 here
.

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) posted its earnings results on Thursday, July, 25th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.24. The financial services provider earned $144.39 million during the quarter, compared to the consensus estimate of $95.80 million. 1st Source had a net margin of 23.33% and a trailing twelve-month return on equity of 11.99%.

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.

Does 1st Source have any subsidiaries?

1st Source subsidiaries include 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, and others.

Who are 1st Source's major shareholders?

1st Source's top institutional investors include Boston Trust Walden Corp (1.78%), Reinhart Partners LLC. (0.97%), Bank of New York Mellon Corp (0.55%) and Indiana Trust & Investment Management CO (0.20%). Insiders that own company stock include Jeffrey L Buhr, Daniel B Fitzpatrick 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of 1st Source own?

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

This page (NASDAQ:SRCE) was last updated on 7/26/2024 by MarketBeat.com Staff

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