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NASDAQ:SRCE

1st Source Stock Forecast, Price & News

$32.15
-0.57 (-1.74 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$32.08
Now: $32.15
$33.08
50-Day Range
$32.61
MA: $34.35
$37.20
52-Week Range
$26.07
Now: $32.15
$53.42
Volume217,390 shs
Average Volume64,582 shs
Market Capitalization$821.43 million
P/E Ratio10.14
Dividend Yield3.42%
Beta1.1
1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance 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 loans, and 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 a range of 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 new and used aircraft, automobiles and light trucks, construction equipment, and medium and heavy duty trucks; and leases construction equipment, various types of trucks, vans, automobiles, motor coaches, shuttle buses, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services; and investment advisory services to trust and investment clients. As of December 31, 2018, the company operated through 80 banking centers in 17 counties in Indiana and Michigan, and Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.15 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SRCE
CUSIP33690110
Phone574-235-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$384.01 million
Cash Flow$5.07 per share
Book Value$33.27 per share

Profitability

Net Income$91.96 million

Miscellaneous

Employees1,175
Market Cap$821.43 million
Next Earnings Date10/15/2020 (Estimated)
OptionableOptionable
$32.15
-0.57 (-1.74 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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1st Source (NASDAQ:SRCE) Frequently Asked Questions

How has 1st Source's stock price been impacted by COVID-19?

1st Source's stock was trading at $32.20 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SRCE stock has decreased by 0.2% and is now trading at $32.15.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 1st Source?

2 Wall Street 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, resulting in a consensus recommendation of "Buy."
View analyst ratings for 1st Source
.

When is 1st Source's next earnings date?

1st Source is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
View our earnings forecast for 1st Source
.

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) announced its quarterly earnings data on Thursday, July, 23rd. The financial services provider reported $0.72 EPS for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.15. The financial services provider had revenue of $79.24 million for the quarter, compared to analysts' expectations of $77.65 million. 1st Source had a return on equity of 9.40% and a net margin of 21.68%.
View 1st Source's earnings history
.

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

1st Source announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Tuesday, August 4th will be paid a dividend of $0.28 per share on Friday, August 14th. This represents a $1.12 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, August 3rd.
View 1st Source's dividend history
.

What price target have analysts set for SRCE?

2 equities research analysts have issued twelve-month target prices for 1st Source's stock. Their forecasts range from $43.00 to $43.00. On average, they anticipate 1st Source's stock price to reach $43.00 in the next twelve months. This suggests a possible upside of 33.7% from the stock's current price.
View analysts' price targets for 1st Source
.

Are investors shorting 1st Source?

1st Source saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 282,300 shares, a decline of 13.2% from the August 15th total of 325,100 shares. Based on an average daily volume of 65,700 shares, the short-interest ratio is presently 4.3 days. Currently, 1.6% of the company's stock are short sold.
View 1st Source's Short Interest
.

Who are some of 1st Source's key competitors?

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 RLTY TR I/SH (ABR), Pfizer (PFE), AFLAC (AFL) and Boeing (BA).

Who are 1st Source's key executives?

1st Source's management team includes the following people:
  • Mr. Christopher J. Murphy III, Chairman & CEO (Age 72)
  • Mr. James R. Seitz, Pres (Age 66)
  • Ms. Andrea Gayle Short, Exec. VP, Treasurer & CFO (Age 56)
  • Mr. John B. Griffith, Exec. VP, Chief Admin. Officer, Gen. Counsel & Sec. (Age 61)
  • Mr. Jeffrey L. Buhr, Exec. VP & Chief Credit Officer of 1st Source Bank (Age 59)

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 a number of retail and institutional investors. Top institutional shareholders include 1ST Source Bank (28.17%), Vanguard Group Inc. (3.25%), Boston Trust Walden Corp (1.09%), Reinhart Partners Inc. (0.91%), Goldman Sachs Group Inc. (0.89%) and Charles Schwab Investment Management Inc. (0.80%). Company insiders that own 1st Source stock include Christopher J Murphy III, Daniel B Fitzpatrick, John Afleck-Graves, John B Griffith and Mark D Schwabero.
View institutional ownership trends for 1st Source
.

Which institutional investors are selling 1st Source stock?

SRCE stock was sold by a variety of institutional investors in the last quarter, including AJO LP, Reinhart Partners Inc., Russell Investments Group Ltd., 1ST Source Bank, First Trust Advisors LP, Jacobs Levy Equity Management Inc., ClariVest Asset Management LLC, and Goldman Sachs Group Inc..
View insider buying and selling activity for 1st Source
.

Which institutional investors are buying 1st Source stock?

SRCE stock was bought by a variety of institutional investors in the last quarter, including Charles Schwab Investment Management Inc., Grantham Mayo Van Otterloo & Co. LLC, Boston Trust Walden Corp, Bridgeway Capital Management Inc., Vanguard Group Inc., Denali Advisors LLC, Engineers Gate Manager LP, and Walter & Keenan Financial Consulting Co. MI ADV. Company insiders that have bought 1st Source stock in the last two years include Christopher J Murphy III, Daniel B Fitzpatrick, John Afleck-Graves, and Mark D Schwabero.
View insider buying and selling activity for 1st Source
.

How do I buy shares of 1st Source?

Shares of SRCE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is 1st Source's stock price today?

One share of SRCE stock can currently be purchased for approximately $32.15.

How big of a company is 1st Source?

1st Source has a market capitalization of $821.43 million and generates $384.01 million in revenue each year. The financial services provider earns $91.96 million in net income (profit) each year or $3.57 on an earnings per share basis. 1st Source employs 1,175 workers across the globe.

What is 1st Source's official website?

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

How can I contact 1st Source?

1st Source's mailing address is 100 NORTH MICHIGAN STREET, SOUTH BEND IN, 46601. The financial services provider can be reached via phone at 574-235-2000 or via email at [email protected]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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