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1st Source - SRCE Stock Forecast, Price & News

$47.96
+0.64 (+1.35%)
(As of 10/4/2022 09:34 AM ET)
Add
Compare
Today's Range
$47.96
$47.96
50-Day Range
$46.30
$51.12
52-Week Range
$42.29
$52.69
Volume
10 shs
Average Volume
40,595 shs
Market Capitalization
$1.18 billion
P/E Ratio
10.25
Dividend Yield
2.76%
Price Target
$44.00

1st Source MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
7.0% Downside
$44.00 Price Target
Short Interest
Bearish
1.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.89mentions of 1st Source in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$18,884 Bought Last Quarter
Proj. Earnings Growth
0.65%
From $4.61 to $4.64 Per Share

Overall MarketRank

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

2.05 out of 5 stars

Finance Sector

732nd out of 925 stocks

State Commercial Banks Industry

160th out of 197 stocks

SRCE stock logo

About 1st Source (NASDAQ:SRCE) Stock

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products 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 mortgage loans, and home equity 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 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 construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services. As of December 31, 2021, the company operated through 79 banking centers in 18 counties in Indiana and Michigan, as well as Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

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SRCE Stock News Headlines

1st Source (SRCE) Q2 Earnings Beat Estimates
1st Source Elects New Member to its Board of Directors
1st Source Corporation Common Stock (SRCE)
1st Source (SRCE) Lags Q4 Earnings and Revenue Estimates
See More Headlines
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SRCE Company Calendar

Last Earnings
7/21/2022
Ex-Dividend for 8/12 Dividend
8/01/2022
Dividend Payable
8/12/2022
Today
10/04/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SRCE
CUSIP
33690110
Employees
1,130
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$44.00
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
-8.3%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$118.53 million
Pretax Margin
42.63%

Debt

Sales & Book Value

Annual Sales
$354.86 million
Cash Flow
$6.24 per share
Book Value
$39.10 per share

Miscellaneous

Free Float
19,959,000
Market Cap
$1.18 billion
Optionable
Optionable
Beta
0.90

Key Executives

  • Mr. Christopher J. Murphy III (Age 75)
    Pres, CEO & Chairman
    Comp: $1.77M
  • Mr. Brett A. Bauer (Age 50)
    Sr. VP, CFO & Treasurer
    Comp: $310.54k
  • Mr. John B. Griffith (Age 64)
    Exec. VP, Chief Risk Officer, Gen. Counsel & Sec.
  • Ms. Andrea Gayle ShortMs. Andrea Gayle Short (Age 58)
    Exec. VP
  • Mr. Jeffrey L. Buhr (Age 62)
    Exec. VP & Chief Credit Officer of 1st Source Bank
  • Mr. Lanny Scoby
    City Pres of Kalamazoo Market-1st Source Bank
  • Mr. Chris Strafford
    Sr. VP
  • Mr. Lawrence J. 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













SRCE Stock - Frequently Asked Questions

What is 1st Source's stock price forecast for 2022?

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.

How have SRCE shares performed in 2022?

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
.

When is 1st Source's next earnings date?

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

How were 1st Source's earnings last quarter?

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.

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

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
.

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 2.76%. 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.

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 $47.32.

How much money does 1st Source make?

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.

How many employees does 1st Source have?

The company employs 1,130 workers across the globe.

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

This page (NASDAQ:SRCE) was last updated on 10/4/2022 by MarketBeat.com Staff

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