S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
NASDAQ:SRCE

1st Source (SRCE) Stock Forecast, Price & News

$43.40
-0.46 (-1.05%)
(As of 05/19/2022 12:00 AM ET)
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Today's Range
$43.38
$43.93
50-Day Range
$42.85
$50.01
52-Week Range
$41.19
$52.69
Volume
66,197 shs
Average Volume
70,271 shs
Market Capitalization
$1.07 billion
P/E Ratio
9.25
Dividend Yield
2.83%
Beta
1.03
30 days | 90 days | 365 days | Advanced Chart
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1st Source logo

About 1st Source

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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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

Sales & Book Value

Annual Sales
$354.86 million
Cash Flow
$5.95 per share
Book Value
$37.18 per share

Profitability

Net Income
$118.53 million
Pretax Margin
43.57%

Debt

Price-To-Earnings

Miscellaneous

Free Float
20,021,000
Market Cap
$1.07 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/21/2022
Ex-Dividend for 5/13 Dividend
5/02/2022
Dividend Payable
5/13/2022
Today
5/20/2022
Next Earnings (Confirmed)
7/21/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.84 out of 5 stars

Finance Sector

215th out of 1,352 stocks

State Commercial Banks Industry

57th out of 237 stocks

Analyst Opinion: 0.0Community Rank: 4.0Dividend Strength: 4.2Insider Behavior: 4.2Valuation: 1.9 5 -4 -3 -2 -1 -













1st Source (NASDAQ:SRCE) Frequently Asked Questions

Are investors shorting 1st Source?

1st Source saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 234,500 shares, an increase of 21.4% from the April 15th total of 193,100 shares. Based on an average trading volume of 50,100 shares, the short-interest ratio is presently 4.7 days. Approximately 1.3% of the shares of the stock are sold short.
View 1st Source's Short Interest
.

When is 1st Source's next earnings date?

1st Source is scheduled to release its next quarterly earnings announcement on Thursday, July 21st 2022.
View our earnings forecast for 1st Source
.

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) posted its quarterly earnings data on Thursday, April, 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.12. 1st Source had a net margin of 33.48% and a trailing twelve-month return on equity of 12.43%.
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 Friday, April 22nd. Investors of record on Tuesday, May 3rd will be paid a dividend of $0.31 per share on Friday, May 13th. This represents a $1.24 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, May 2nd.
View 1st Source's dividend history
.

Is 1st Source a good dividend stock?

1st Source pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.80%. 1st Source 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 of 1st Source is 26.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, 1st Source will have a dividend payout ratio of 28.12% next year. This indicates that 1st Source will be able to sustain or increase its dividend.
View 1st Source's dividend history.

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 75, Pay $1.77M)
  • Mr. Brett A. Bauer, Sr. VP, CFO & Treasurer (Age 50, Pay $310.54k)
  • Mr. John B. Griffith, Exec. VP, Chief Risk Officer, Gen. Counsel & Sec. (Age 64)
  • Ms. Andrea Gayle Short, Exec. VP (Age 58) (LinkedIn Profile)
  • Mr. Jeffrey L. Buhr, Exec. VP & Chief Credit Officer of 1st Source Bank (Age 62)
  • 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
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.

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."

Who are 1st Source's major shareholders?

1st Source's stock is owned by many different institutional and retail investors. Top institutional investors include 1ST Source Bank (30.20%), Dimensional Fund Advisors LP (6.78%), BlackRock Inc. (5.25%), Vanguard Group Inc. (3.22%), Wellington Management Group LLP (3.03%) and State Street Corp (2.15%). Company insiders that own 1st Source stock include Andrea G Short, Daniel B Fitzpatrick and John T Phair.
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 1ST Source Bank, JPMorgan Chase & Co., Vanguard Group Inc., BlackRock Inc., Wellington Management Group LLP, Northern Trust Corp, Principal Financial Group Inc., and State of New Jersey Common Pension Fund D.
View insider buying and selling activity for 1st Source
or view top insider-selling stocks.

Which institutional investors are buying 1st Source stock?

SRCE stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Charles Schwab Investment Management Inc., Raymond James & Associates, Boston Trust Walden Corp, Panagora Asset Management Inc., IFG Advisory LLC, American Century Companies Inc., and Jane Street Group LLC.
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.
Compare Top Brokerages Here.

What is 1st Source's stock price today?

One share of SRCE stock can currently be purchased for approximately $43.40.

How much money does 1st Source make?

1st Source has a market capitalization of $1.07 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 $4.69 on an earnings per share basis.

How many employees does 1st Source have?

1st Source employs 1,130 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 (800) 513-2360, via email at [email protected], or via fax at 574-235-2882.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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