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NASDAQ:SRCE

1st Source - SRCE Stock Forecast, Price & News

$49.65
+0.46 (+0.94%)
(As of 02/1/2023 02:01 PM ET)
Add
Compare
Today's Range
$49.02
$49.98
50-Day Range
$46.61
$57.10
52-Week Range
$42.29
$59.94
Volume
19,453 shs
Average Volume
46,750 shs
Market Capitalization
$1.22 billion
P/E Ratio
10.24
Dividend Yield
2.65%
Price Target
$54.50

1st Source MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
9.3% Upside
$54.50 Price Target
Short Interest
Healthy
0.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.51mentions of 1st Source in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-10.31%
From $4.85 to $4.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Finance Sector

265th out of 895 stocks

State Commercial Banks Industry

68th out of 190 stocks


SRCE stock logo

About 1st Source (NASDAQ:SRCE) Stock

1st Source Corp. operates as a bank holding company for 1st Source Bank. It provides financial products and services through its subsidiaries. The bank offers commercial & consumer banking services, trust & investment management services and insurance to individuals and businesses. The firm provides commercial, small business, agricultural and real estate loans, including financing for industrial & commercial properties, financing for equipment, inventories & accounts receivables and acquisition financing. It also provides trust, investment, agency and custodial services for individual, corporate and not-for-profit clients. The company was founded in 1971 and is headquartered in South Bend, IN.

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SRCE Stock News Headlines

1st Source (NASDAQ:SRCE) Price Target Cut to $58.00
1st Source (NASDAQ:SRCE) PT Lowered to $51.00 at DA Davidson
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
1st Source (SRCE) Q4 Earnings and Revenues Miss Estimates
1st Source declares $0.32 dividend
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Here's what Wall Street expects from 1st Source's earnings report
SRCE.DF - | Stock Price & Latest News | Reuters
1st Source's Earnings: A Preview
See More Headlines
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SRCE Company Calendar

Last Earnings
10/20/2021
Ex-Dividend for 11/10 Dividend
10/31/2022
Dividend Payable
11/10/2022
Today
2/01/2023
Ex-Dividend for 2/16 Dividend
2/03/2023
Dividend Payable
2/16/2023
Next Earnings (Estimated)
4/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SRCE
CUSIP
33690110
Employees
1,130
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$54.50
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$51.00
Forecasted Upside/Downside
+9.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$120.51 million
Pretax Margin
41.96%

Debt

Sales & Book Value

Annual Sales
$385.08 million
Cash Flow
$6.18 per share
Book Value
$39.10 per share

Miscellaneous

Free Float
19,960,000
Market Cap
$1.22 billion
Optionable
Optionable
Beta
0.98

Key Executives

  • Christopher J. Murphy
    Chairman, President & Chief Executive Officer
  • John Bedient
    Chief Operating Officer
  • Brett A. Bauer
    CFO, Treasurer, Chief Accounting Officer & SVP
  • Andrea G. ShortAndrea G. Short
    Executive Vice President
  • John B. Griffith
    Secretary, Chief Administration & Risk Officer













SRCE Stock - Frequently Asked Questions

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

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.

What is 1st Source's stock price forecast for 2023?

2 equities research analysts have issued 1-year price targets for 1st Source's shares. Their SRCE share price forecasts range from $51.00 to $58.00. On average, they expect the company's stock price to reach $54.50 in the next year. This suggests a possible upside of 9.9% 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 2023?

1st Source's stock was trading at $53.09 at the beginning of 2023. Since then, SRCE stock has decreased by 6.6% and is now trading at $49.59.
View the best growth stocks for 2023 here
.

When is 1st Source's next earnings date?

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

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) released 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 analysts' expectations of $84.70 million. 1st Source had a trailing twelve-month return on equity of 13.31% and a net margin of 31.30%. During the same period in the prior year, the business earned $0.78 EPS.

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

1st Source declared a quarterly dividend on Thursday, January 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, February 3rd.
Read our dividend analysis for SRCE
.

Is 1st Source a good dividend stock?

1st Source (NASDAQ:SRCE) pays an annual dividend of $1.28 per share and currently has a dividend yield of 2.65%. 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.

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).

What is 1st Source's stock symbol?

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

Who are 1st Source's major shareholders?

1st Source's stock is owned by many different retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (1.56%), Reinhart Partners Inc. (0.99%), Values First Advisors Inc. (0.17%), Indiana Trust & Investment Management CO (0.11%), New York State Common Retirement Fund (0.10%) and IFG Advisory LLC (0.06%). Insiders that own company stock include Andrea G Short, Christopher J Murphy III, Daniel B Fitzpatrick, John T Phair 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is 1st Source's stock price today?

One share of SRCE stock can currently be purchased for approximately $49.59.

How much money does 1st Source make?

1st Source (NASDAQ:SRCE) has a market capitalization of $1.22 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.

How many employees does 1st Source have?

The company employs 1,130 workers across the globe.

How can I contact 1st Source?

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.

This page (NASDAQ:SRCE) was last updated on 2/1/2023 by MarketBeat.com Staff