1st Source Stock Forecast, Price & News

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

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.
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1st Source is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for 1st Source.

1st Source Co. (NASDAQ:SRCE) issued its earnings results on Wednesday, July, 21st. The financial services provider reported $1.19 EPS for the quarter, topping the Zacks' consensus estimate of $1.06 by $0.13. The financial services provider earned $81.83 million during the quarter, compared to analyst estimates of $84.50 million. 1st Source had a trailing twelve-month return on equity of 11.25% and a net margin of 29.10%.
View 1st Source's earnings history.

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. Since then, SRCE shares have increased by 38.5% and is now trading at $44.59.
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1st Source declared a quarterly dividend on Saturday, July 24th. Stockholders of record on Tuesday, August 3rd will be given a dividend of $0.31 per share on Friday, August 13th. This represents a $1.24 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, August 2nd. This is a boost from 1st Source's previous quarterly dividend of $0.30.
View 1st Source's dividend history.

1st Source pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.83%. 1st Source does not yet have a strong track record of dividend growth. The dividend payout ratio of 1st Source is 39.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, 1st Source will have a dividend payout ratio of 33.42% next year. This indicates that 1st Source will be able to sustain or increase its dividend.
View 1st Source's dividend history.

1 brokers have issued 1 year target prices for 1st Source's stock. Their forecasts range from $44.00 to $44.00. On average, they anticipate 1st Source's stock price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 1.3%.
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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.

Some companies that are related to 1st Source include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and First Citizens BancShares (FCNCA).
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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).

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

1st Source's stock is owned by many different retail and institutional investors. Top institutional investors include 1ST Source Bank (29.99%), Dimensional Fund Advisors LP (6.89%), BlackRock Inc. (5.37%), Vanguard Group Inc. (3.54%), Alliancebernstein L.P. (3.23%) and State Street Corp (2.15%). Company insiders that own 1st Source stock include Andrea G Short, Christopher J Murphy III, Daniel B Fitzpatrick, John B Griffith, John T Phair and Mark D Schwabero.
View institutional ownership trends for 1st Source.

SRCE stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., First Trust Advisors LP, Renaissance Technologies LLC, Dimensional Fund Advisors LP, Alliancebernstein L.P., JPMorgan Chase & Co., Victory Capital Management Inc., and California Public Employees Retirement System. 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.

SRCE stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Boston Trust Walden Corp, FMR LLC, Bank of Montreal Can, Morgan Stanley, Morgan Stanley, Charles Schwab Investment Management Inc., and Susquehanna International Group LLP. Company insiders that have bought 1st Source stock in the last two years include Christopher J Murphy III, Daniel B Fitzpatrick, and Mark D Schwabero.
View insider buying and selling activity for 1st Source or or view top insider-buying stocks.

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.
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One share of SRCE stock can currently be purchased for approximately $44.59.

1st Source has a market capitalization of $1.12 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.

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

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

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

1st Source's mailing address is 100 NORTH MICHIGAN STREET, SOUTH BEND IN, 46601. The financial services provider can be reached via phone at (800) 513-2360 or via email at [email protected].