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MarketBeat Week in Review – 3/27 - 3/31
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Lanterns and crescents: more retailers court Ramadan buyers
Stocks are for suckers – try this instead (Ad)
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
Stocks are for suckers – try this instead (Ad)
UK travelers face hours-long waits for ferries to France
'War of the states': EV, chip makers lavished with subsidies
Stocks are for suckers – try this instead (Ad)
Gas prices increase in NJ, around nation amid higher demand
Lanterns and crescents: more retailers court Ramadan buyers
Stocks are for suckers – try this instead (Ad)
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
Stocks are for suckers – try this instead (Ad)
UK travelers face hours-long waits for ferries to France
'War of the states': EV, chip makers lavished with subsidies
Stocks are for suckers – try this instead (Ad)
Gas prices increase in NJ, around nation amid higher demand
Lanterns and crescents: more retailers court Ramadan buyers
Stocks are for suckers – try this instead (Ad)
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
Stocks are for suckers – try this instead (Ad)
UK travelers face hours-long waits for ferries to France
'War of the states': EV, chip makers lavished with subsidies
Stocks are for suckers – try this instead (Ad)
Gas prices increase in NJ, around nation amid higher demand
Lanterns and crescents: more retailers court Ramadan buyers
Stocks are for suckers – try this instead (Ad)
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
NASDAQ:SRCE

1st Source - SRCE Stock Forecast, Price & News

$43.15
+0.29 (+0.68%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$42.60
$43.52
50-Day Range
$42.86
$50.87
52-Week Range
$42.29
$59.94
Volume
93,499 shs
Average Volume
77,150 shs
Market Capitalization
$1.10 billion
P/E Ratio
8.90
Dividend Yield
2.97%
Price Target
$54.50

1st Source MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
26.3% Upside
$54.50 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.31mentions of 1st Source in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$45,210 Bought Last Quarter
Proj. Earnings Growth
-10.64%
From $4.70 to $4.20 Per Share

Overall MarketRank

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

2.82 out of 5 stars

Finance Sector

196th out of 878 stocks

State Commercial Banks Industry

59th out of 181 stocks


SRCE stock logo

About 1st Source (NASDAQ:SRCE) Stock

1st Source Corp. is a bank holding company, which engages in the provision of financial products and services through its subsidiaries. The bank offers commercial and consumer banking services, trust and investment management services, and insurance to individuals and businesses. The firm provides commercial, small business, agricultural and real estate loans, including financing for industrial and commercial properties, financing for equipment, inventories and 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

First Citizens to acquire troubled SVB
Bear market expert makes new prediction
Nobody believed Larry Benedict's prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, "It seems like there's much more to come." Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that "all the indexes will be negative for the year," with the Nasdaq leading the way. Once again, he was spot-on.
1st Source (SRCE) Upgraded to Buy: Here's Why
Bear market expert makes new prediction
Nobody believed Larry Benedict's prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, "It seems like there's much more to come." Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that "all the indexes will be negative for the year," with the Nasdaq leading the way. Once again, he was spot-on.
1st Source (SRCE) Q4 Earnings and Revenues Miss Estimates
1st Source declares $0.32 dividend
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
1/19/2023
Ex-Dividend for 2/16 Dividend
2/03/2023
Dividend Payable
2/16/2023
Today
4/01/2023
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
1,150
Year Founded
1863

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
+26.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$120.51 million
Pretax Margin
40.72%

Debt

Sales & Book Value

Annual Sales
$385.08 million
Cash Flow
$5.75 per share
Book Value
$37.46 per share

Miscellaneous

Free Float
20,548,000
Market Cap
$1.10 billion
Optionable
Optionable
Beta
0.93

Social Links


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 analysts have issued "buy," "hold," and "sell" ratings for 1st Source in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 12 month price objectives for 1st Source's stock. Their SRCE share price forecasts range from $51.00 to $58.00. On average, they predict the company's share price to reach $54.50 in the next twelve months. This suggests a possible upside of 26.3% 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 start of the year. Since then, SRCE stock has decreased by 18.7% and is now trading at $43.15.
View the best growth stocks for 2023 here
.

Are investors shorting 1st Source?

1st Source saw a increase in short interest in March. As of March 15th, there was short interest totaling 211,100 shares, an increase of 29.0% from the February 28th total of 163,700 shares. Based on an average daily volume of 53,600 shares, the days-to-cover ratio is currently 3.9 days. Approximately 1.2% of the shares of the stock are sold short.
View 1st Source's Short Interest
.

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 quarterly earnings data on Thursday, January, 19th. The financial services provider reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.30 by $0.05. The financial services provider earned $94.74 million during the quarter, compared to the consensus estimate of $96.60 million. 1st Source had a net margin of 31.30% and a trailing twelve-month return on equity of 13.24%.

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 paid a dividend of $0.32 per share on Thursday, February 16th. This represents a $1.28 annualized dividend and a yield of 2.97%. 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 2.93%. 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 30.48% 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."

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 $43.15.

How much money does 1st Source make?

1st Source (NASDAQ:SRCE) has a market capitalization of $1.10 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 1,150 workers across the globe.

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
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 4/2/2023 by MarketBeat.com Staff