1st Source - SRCE Stock Forecast, Price & News

0 analysts have issued twelve-month price targets for 1st Source's stock. Their SRCE share price forecasts range from $44.00 to $44.00. On average, they expect the company's stock price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 7.0%.
View analysts price targets for SRCE or view top-rated stocks among Wall Street analysts.

1st Source's stock was trading at $49.60 at the beginning of the year. Since then, SRCE shares have decreased by 4.6% and is now trading at $47.32.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our SRCE earnings forecast.

1st Source Co. (NASDAQ:SRCE) announced its quarterly earnings data on Thursday, July, 21st. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.06 by $0.12. The financial services provider earned $86.29 million during the quarter, compared to analysts' expectations of $86.70 million. 1st Source had a net margin of 32.83% and a trailing twelve-month return on equity of 12.45%. During the same period in the prior year, the company posted $1.19 EPS.

1st Source announced a quarterly dividend on Saturday, July 23rd. Investors of record on Tuesday, August 2nd will be given a dividend of $0.32 per share on Friday, August 12th. This represents a $1.28 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Monday, August 1st. This is a boost from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for SRCE.

1st Source (NASDAQ:SRCE) pays an annual dividend of $1.28 per share and currently has a dividend yield of 2.76%. The company has been increasing its dividend for 34 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SRCE will have a dividend payout ratio of 27.59% 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."

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.

One share of SRCE stock can currently be purchased for approximately $47.32.

1st Source (NASDAQ:SRCE) has a market capitalization of $1.17 billion and generates $354.86 million in revenue each year. The financial services provider earns $118.53 million in net income (profit) each year or $4.68 on an earnings per share basis.

The company employs 1,130 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 (800) 513-2360, via email at shareholder@1stsource.com, or via fax at 574-235-2882.