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

$50.31
-0.46 (-0.91%)
(As of 10:52 AM ET)
Today's Range
$50.27
$50.86
50-Day Range
$47.76
$52.42
52-Week Range
$38.77
$56.59
Volume
7,853 shs
Average Volume
64,214 shs
Market Capitalization
$1.23 billion
P/E Ratio
10.00
Dividend Yield
2.70%
Price Target
$53.00

1st Source MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.4% Upside
$53.00 Price Target
Short Interest
Healthy
1.02% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-1.50mentions of 1st Source in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$39,207 Sold Last Quarter
Proj. Earnings Growth
-2.34%
From $4.71 to $4.60 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.

2.51 out of 5 stars

Finance Sector

573rd out of 856 stocks

State Commercial Banks Industry

136th out of 179 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

1st Source Bank
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
SRCE Feb 2024 50.000 call
1st Source Corp SRCE
1st Source Corp's Dividend Analysis
1st Source: Q4 Earnings Insights
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
1st Source earnings: here's what to expect
1st Source's (NASDAQ:SRCE) Dividend Will Be $0.32
1st Source (NASDAQ: SRCE)
Piper Sandler Sticks to Their Buy Rating for 1St Source (SRCE)
Earnings Preview: 1st Source
SRCE 1st Source Corporation
See More Headlines
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Company Calendar

Ex-Dividend for 2/15 Dividend
2/02/2024
Dividend Payable
2/15/2024
Last Earnings
2/20/2024
Today
4/23/2024
Next Earnings (Confirmed)
4/25/2024
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
$53.00
High Stock Price Target
$53.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+4.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$124.93 million
Pretax Margin
31.86%

Debt

Sales & Book Value

Annual Sales
$507.53 million
Cash Flow
$6.00 per share
Book Value
$43.73 per share

Miscellaneous

Free Float
19,706,000
Market Cap
$1.24 billion
Optionable
Optionable
Beta
0.79

Social Links

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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

Should I buy or sell 1st Source stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 1st Source in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SRCE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SRCE, but not buy additional shares or sell existing shares.
View SRCE analyst ratings
or view top-rated stocks.

What is 1st Source's stock price target for 2024?

3 equities research analysts have issued twelve-month target prices for 1st Source's stock. Their SRCE share price targets range from $53.00 to $53.00. On average, they expect the company's stock price to reach $53.00 in the next twelve months. This suggests a possible upside of 4.4% 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 2024?

1st Source's stock was trading at $54.95 at the beginning of 2024. Since then, SRCE stock has decreased by 7.6% and is now trading at $50.77.
View the best growth stocks for 2024 here
.

When is 1st Source's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SRCE earnings forecast
.

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) released its quarterly earnings results on Tuesday, February, 20th. The financial services provider reported $1.16 earnings per share for the quarter. The financial services provider had revenue of $91.41 million for the quarter, compared to analyst estimates of $91.20 million. 1st Source had a net margin of 24.61% and a trailing twelve-month return on equity of 12.49%.

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

1st Source announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.34 per share on Thursday, February 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, February 2nd.
Read our dividend analysis for SRCE
.

Is 1st Source a good dividend stock?

1st Source (NASDAQ:SRCE) pays an annual dividend of $1.36 per share and currently has a dividend yield of 2.71%. The company has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SRCE will have a dividend payout ratio of 29.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SRCE.

What ETFs hold 1st Source's stock?
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).

Who are 1st Source's major shareholders?

1st Source's stock is owned by many different institutional and retail investors. Top institutional shareholders include Reinhart Partners LLC. (0.97%), Denali Advisors LLC (0.29%) and Indiana Trust & Investment Management CO (0.20%). Insiders that own company stock include Andrea G Short, Daniel B Fitzpatrick, Jeffrey L Buhr 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.

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
This page (NASDAQ:SRCE) was last updated on 4/24/2024 by MarketBeat.com Staff

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