1st Source - SRCE Stock Forecast, Price & News

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.

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.

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

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.

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.

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.

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."

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

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.

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 (574) 235-2000, via email at shareholder@1stsource.com, or via fax at 574-235-2882.