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NASDAQ:SRCE

1st Source Stock Forecast, Price & News

$42.78
+1.36 (+3.28 %)
(As of 01/22/2021 04:30 PM ET)
Add
Compare
Today's Range
$41.90
Now: $42.78
$42.99
50-Day Range
$38.33
MA: $40.86
$43.50
52-Week Range
$26.07
Now: $42.78
$50.45
Volume59,977 shs
Average Volume57,456 shs
Market Capitalization$1.09 billion
P/E Ratio14.26
Dividend Yield2.70%
Beta1.15
1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory 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, auto 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, 2019, 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.
1st Source logo

MarketRank

Overall MarketRank

1.80 out of 5 stars

Finance Sector

391st out of 1,934 stocks

State Commercial Banks Industry

86th out of 309 stocks

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SRCE
CUSIP33690110
Phone574-235-2000
Employees1,175

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$384.01 million
Cash Flow$5.14 per share
Book Value$33.27 per share

Profitability

Net Income$91.96 million

Miscellaneous

Market Cap$1.09 billion
Next Earnings Date4/22/2021 (Estimated)
OptionableOptionable
$42.78
+1.36 (+3.28 %)
(As of 01/22/2021 04:30 PM 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 been impacted by COVID-19 (Coronavirus)?

1st Source's stock was trading at $32.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SRCE shares have increased by 32.9% and is now trading at $42.78.
View which stocks have been most impacted by COVID-19
.

Is 1st Source a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 1st Source in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" 1st Source stock.
View analyst ratings for 1st Source
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than 1st Source?

Wall Street analysts have given 1st Source a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but 1st Source wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Chris Murphy III's approval rating as 1st Source's CEO?

38 employees have rated 1st Source CEO Chris Murphy III on Glassdoor.com. Chris Murphy III has an approval rating of 89% among 1st Source's employees.

When is 1st Source's next earnings date?

1st Source is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for 1st Source
.

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) announced its earnings results on Wednesday, January, 20th. The financial services provider reported $1.03 EPS for the quarter, beating the Zacks' consensus estimate of $0.71 by $0.32. 1st Source had a trailing twelve-month return on equity of 8.68% and a net margin of 20.93%.
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, October 22nd. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $0.28 per share on Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Monday, November 2nd.
View 1st Source's dividend history
.

Is 1st Source a good dividend stock?

1st Source pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.70%. The dividend payout ratio of 1st Source is 31.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, 1st Source will have a dividend payout ratio of 40.14% next year. This indicates that 1st Source will be able to sustain or increase its dividend.
View 1st Source's dividend history.

What price target have analysts set for SRCE?

1 brokers have issued 12 month target prices for 1st Source's shares. Their forecasts range from $44.00 to $44.00. On average, they expect 1st Source's share price to reach $44.00 in the next year. This suggests a possible upside of 2.9% from the stock's current price.
View analysts' price targets for 1st Source
or view Wall Street analyst' top-rated stocks.

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 Realty Trust (ABR), Pfizer (PFE), Aflac (AFL) and The Boeing (BA).

Who are 1st Source's key executives?

1st Source's management team includes the following people:
  • Mr. Christopher J. Murphy III, Pres, CEO & Chairman (Age 74, Pay $1.53M)
  • Ms. Andrea Gayle Short, Principal Accounting Officer, Exec. VP, Treasurer & CFO (Age 58)
  • Mr. John B. Griffith, Exec. VP, Chief Admin. Officer, Gen. Counsel & Sec. (Age 63)
  • Mr. Jeffrey L. Buhr, Exec. VP & Chief Credit Officer of 1st Source Bank (Age 61)
  • Mr. Lanny Scoby, City Pres of Kalamazoo Market-1st Source Bank
  • Mr. Chris Strafford, Sr. VP
  • Mr. Larry Mayers, Regional Pres of 1st Source Bank
  • Mr. Christopher L. Craft CFA, CTP, Pres & COO of Specialty Fin. Group - 1st Source Bank
  • Mr. Greg Brown, Pres of Specialty Vehicle Division and Pres of Auto/Light Truck Division
  • Mr. Matthew Vessely, Regional Pres for Porter and LaPorte Counties

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 variety of institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (1.13%), Indiana Trust & Investment Management CO (0.24%) and Exchange Traded Concepts LLC (0.03%). 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 major investors are selling 1st Source stock?

SRCE stock was sold by a variety of institutional investors in the last quarter, including Indiana Trust & Investment Management CO, and Boston Trust Walden Corp.
View insider buying and selling activity for 1st Source
or view top insider-selling stocks.

Which major investors are buying 1st Source stock?

SRCE stock was acquired by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC. 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
or or view top insider-buying stocks.

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 WeBull, 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 $42.78.

How big of a company is 1st Source?

1st Source has a market capitalization of $1.09 billion 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 1/22/2021 by MarketBeat.com Staff

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