Should I buy or sell 1st Source stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 1st Source in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SRCE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SRCE, but not buy additional shares or sell existing shares. View SRCE analyst ratings or view top-rated stocks .

What is 1st Source's stock price target for 2024?

3 Wall Street research analysts have issued 12 month price objectives for 1st Source's shares. Their SRCE share price targets range from $53.00 to $53.00. On average, they anticipate the company's stock price to reach $53.00 in the next year. This suggests a possible upside of 10.5% from the stock's current price. View analysts price targets for SRCE or view top-rated stocks among Wall Street analysts .

How have SRCE shares performed in 2024?

1st Source's stock was trading at $54.95 at the start of the year. Since then, SRCE stock has decreased by 12.7% and is now trading at $47.96. View the best growth stocks for 2024 here .

When is 1st Source's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our SRCE earnings forecast .

How were 1st Source's earnings last quarter?

1st Source Co. (NASDAQ:SRCE) released its earnings results on Tuesday, February, 20th. The financial services provider reported $1.16 earnings per share for the quarter. The financial services provider earned $91.41 million during the quarter, compared to analysts' expectations of $91.20 million. 1st Source had a trailing twelve-month return on equity of 12.49% and a net margin of 24.61%.

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

1st Source announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Monday, February 5th will be given a dividend of $0.34 per share on Thursday, February 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, February 2nd. Read our dividend analysis for SRCE .

Is 1st Source a good dividend stock?

1st Source (NASDAQ:SRCE) pays an annual dividend of $1.36 per share and currently has a dividend yield of 2.84%. The company has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SRCE will have a dividend payout ratio of 29.57% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SRCE .

What ETFs hold 1st Source's stock?

ETFs with the largest weight of 1st Source (NASDAQ:SRCE) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) . First Trust RBA American Industrial Renaissance ETF (AIRR) .

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) .

Who are 1st Source's major shareholders?

1st Source's stock is owned by a variety of retail and institutional investors. Top institutional investors include Reinhart Partners LLC. (0.97%) and Indiana Trust & Investment Management CO (0.20%). Insiders that own company stock include Andrea G Short , Daniel B Fitzpatrick , Jeffrey L Buhr and Mark D Schwabero. View institutional ownership trends .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does 1st Source have any subsidiaries?

The following companies are subsidiares of 1st Source: 1st Source Bank, 1st Source Capital Corporation, 1st Source Corporation Investment Advisors Inc., 1st Source Funding LLC, 1st Source Insurance Inc., 1st Source Intermediate Holding LLC, 1st Source Master Trust, 1st Source Solar 1 LLC, 1st Source Solar 2 LLC, 1st Source Specialty Finance Inc., Michigan Transportation Finance Corporation, SFG Aircraft Inc., SFG Commercial Aircraft Leasing Inc., SFG Equipment Leasing Corporation I, Trustcorp Mortgage Company (Inactive), and Washington and Michigan Insurance Inc.. Read More

NASDAQ:SRCE

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

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Free SRCE Stock Alerts

$47.96

+0.20 (+0.42%)

(As of 04/18/2024 ET)

Compare

Today's Range: $47.71
▼
$48.34
50-Day Range: $47.76
▼
$52.42
52-Week Range: $38.77
▼
$56.59

Volume: 55,418 shs
Average Volume: 64,979 shs
Market Capitalization: $1.17 billion

P/E Ratio: 9.53
Dividend Yield: 2.84%
Price Target: $53.00

Get 1st Source alerts:

1st Source MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 10.5% Upside
$53.00 Price Target
Short Interest: Healthy
1.02% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.67
Based on 2 Articles This Week
Insider Trading: Selling Shares
$39,207 Sold Last Quarter
Proj. Earnings Growth: -2.34%
From $4.71 to $4.60 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.28 out of 5 stars

Finance Sector

450th out of 822 stocks

State Commercial Banks Industry

112th out of 172 stocks

2.2

Analyst's Opinion

Consensus Rating
1st Source has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
1st Source has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.02% of the float of 1st Source has been sold short.
Short Interest Ratio / Days to Cover
1st Source has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in 1st Source has recently decreased by 7.97%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Yield
1st Source pays a meaningful dividend of 2.84%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
1st Source has been increasing its dividend for 36 years.
Dividend Coverage
The dividend payout ratio of 1st Source is 27.04%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, 1st Source will have a dividend payout ratio of 29.57% next year. This indicates that 1st Source will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SRCE.

0.7

News and Social Media Coverage

News Sentiment
1st Source has a news sentiment score of -0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for 1st Source this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for SRCE on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added 1st Source to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, 1st Source insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $39,207.00 in company stock.
Percentage Held by Insiders
19.30% of the stock of 1st Source is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
74.45% of the stock of 1st Source is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for 1st Source are expected to decrease by -2.34% in the coming year, from $4.71 to $4.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of 1st Source is 9.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of 1st Source is 9.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.76.
Price to Book Value per Share Ratio
1st Source has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About 1st Source Stock (NASDAQ:SRCE)

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. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

SRCE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SRCE Stock News Headlines

April 8, 2024 | americanbankingnews.com

DA Davidson Brokers Boost Earnings Estimates for 1st Source Co. (NASDAQ:SRCE)

April 1, 2024 | msn.com

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March 9, 2024 | forbes.com

1st Source Bank

February 8, 2024 | finance.yahoo.com

Down -5.28% in 4 Weeks, Here's Why You Should You Buy the Dip in 1st Source (SRCE)

February 4, 2024 | ca.finance.yahoo.com

SRCE Feb 2024 50.000 call

February 2, 2024 | morningstar.com

1st Source Corp SRCE

February 2, 2024 | finance.yahoo.com

1st Source Corp's Dividend Analysis

April 18, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

January 18, 2024 | benzinga.com

1st Source: Q4 Earnings Insights

January 18, 2024 | finance.yahoo.com

1st Source Corp (SRCE) Announces Record Annual Earnings Amidst Market Challenges

January 17, 2024 | markets.businessinsider.com

1st Source earnings: here's what to expect

December 14, 2023 | finance.yahoo.com

1st Source (SRCE) Stock Jumps 5.1%: Will It Continue to Soar?

November 20, 2023 | finance.yahoo.com

Following a 11% decline over last year, recent gains may please 1st Source Corporation (NASDAQ:SRCE) institutional owners

November 1, 2023 | seekingalpha.com

1st Source Corporation: Superb Dividend Growth Potential, But Not At This Price

October 24, 2023 | finance.yahoo.com

1st Source's (NASDAQ:SRCE) Shareholders Will Receive A Bigger Dividend Than Last Year

October 19, 2023 | finance.yahoo.com

1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Increased

July 26, 2023 | benzinga.com

1st Source's Ex-Dividend Date Is Monday, Here's What You Need To Know

July 25, 2023 | finance.yahoo.com

1st Source's (NASDAQ:SRCE) Dividend Will Be $0.32

July 25, 2023 | msn.com

Piper Sandler Maintains 1st Source (SRCE) Overweight Recommendation

July 21, 2023 | fool.com

1st Source (NASDAQ: SRCE)

July 21, 2023 | markets.businessinsider.com

Piper Sandler Sticks to Their Buy Rating for 1St Source (SRCE)

July 20, 2023 | finance.yahoo.com

1st Source Corporation Reports Strong Second Quarter Results, Cash Dividend Declared

July 19, 2023 | benzinga.com

Earnings Preview: 1st Source

July 19, 2023 | seekingalpha.com

SRCE 1st Source Corporation

July 10, 2023 | finance.yahoo.com

1st Source says data compromised in MOVEit data breach

July 5, 2023 | msn.com

1st Source: Lackluster Earnings Outlook, Unattractive Valuation

See More Headlines

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Company Calendar

Ex-Dividend for 2/15 Dividend: 2/02/2024
Dividend Payable: 2/15/2024
Last Earnings: 2/20/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:SRCE
CUSIP: 33690110
CIK: 34782
Web: www.1stsource.com
Phone: (574) 235-2000
Fax: 574-235-2882
Employees: 1,170
Year Founded: 1863

Price Target and Rating

Average Stock Price Target: $53.00
High Stock Price Target: $53.00
Low Stock Price Target: $53.00
Potential Upside/Downside: +10.5%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.03
Trailing P/E Ratio: 9.53
Forward P/E Ratio: 10.18
P/E Growth: N/A
Net Income: $124.93 million
Net Margins: 24.61%
Pretax Margin: 31.86%
Return on Equity: 12.49%
Return on Assets: 1.47%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.92
Quick Ratio: 0.92

Sales & Book Value

Annual Sales: $507.53 million
Price / Sales: 2.31
Cash Flow: $5.91 per share
Price / Cash Flow: 8.11
Book Value: $43.73 per share
Price / Book: 1.10

Miscellaneous

Outstanding Shares: 24,460,000
Free Float: 19,740,000
Market Cap: $1.17 billion
Optionable: Optionable
Beta: 0.79

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Key Executives

Mr. Christopher J. Murphy III (Age 77)
President, CEO & Chairman
Comp: $1.61M
Mr. Brett A. Bauer (Age 52)
Senior VP, CFO & Treasurer
Comp: $526.32k
Mr. John B. Griffith (Age 66)
Executive VP, Chief Administrative Officer, General Counsel & Secretary
Comp: $673.36k
Ms. Andrea Gayle Short (Age 61)
Executive VP & Director
Comp: $879.22k
Mr. Jeffrey L. Buhr (Age 64)
Executive VP & Chief Credit Officer of 1st Source Bank
Comp: $641.75k
Mr. Kevin C. Murphy
Executive VP & Chief Digital Officer
Mr. Christopher L. Craft CFA
CTP, President & COO of Specialty Finance Group - 1st Source Bank

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SRCE Stock Analysis - Frequently Asked Questions

Should I buy or sell 1st Source stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 1st Source in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SRCE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SRCE, but not buy additional shares or sell existing shares.
View SRCE analyst ratings or view top-rated stocks.
What is 1st Source's stock price target for 2024?: 3 Wall Street research analysts have issued 12 month price objectives for 1st Source's shares. Their SRCE share price targets range from $53.00 to $53.00. On average, they anticipate the company's stock price to reach $53.00 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for SRCE or view top-rated stocks among Wall Street analysts.
How have SRCE shares performed in 2024?: 1st Source's stock was trading at $54.95 at the start of the year. Since then, SRCE stock has decreased by 12.7% and is now trading at $47.96.
View the best growth stocks for 2024 here.
When is 1st Source's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SRCE earnings forecast.
How were 1st Source's earnings last quarter?: 1st Source Co. (NASDAQ:SRCE) released its earnings results on Tuesday, February, 20th. The financial services provider reported $1.16 earnings per share for the quarter. The financial services provider earned $91.41 million during the quarter, compared to analysts' expectations of $91.20 million. 1st Source had a trailing twelve-month return on equity of 12.49% and a net margin of 24.61%.
How often does 1st Source pay dividends? What is the dividend yield for 1st Source?: 1st Source announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Monday, February 5th will be given a dividend of $0.34 per share on Thursday, February 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, February 2nd.
Read our dividend analysis for SRCE.
Is 1st Source a good dividend stock?: 1st Source (NASDAQ:SRCE) pays an annual dividend of $1.36 per share and currently has a dividend yield of 2.84%. The company has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SRCE will have a dividend payout ratio of 29.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SRCE.

What ETFs hold 1st Source's stock?: ETFs with the largest weight of 1st Source (NASDAQ:SRCE) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).First Trust RBA American Industrial Renaissance ETF (AIRR).
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).
Who are 1st Source's major shareholders?: 1st Source's stock is owned by a variety of retail and institutional investors. Top institutional investors include Reinhart Partners LLC. (0.97%) and Indiana Trust & Investment Management CO (0.20%). Insiders that own company stock include Andrea G Short, Daniel B Fitzpatrick, Jeffrey L Buhr and Mark D Schwabero.
View institutional ownership trends.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does 1st Source have any subsidiaries?: The following companies are subsidiares of 1st Source: 1st Source Bank, 1st Source Capital Corporation, 1st Source Corporation Investment Advisors Inc., 1st Source Funding LLC, 1st Source Insurance Inc., 1st Source Intermediate Holding LLC, 1st Source Master Trust, 1st Source Solar 1 LLC, 1st Source Solar 2 LLC, 1st Source Specialty Finance Inc., Michigan Transportation Finance Corporation, SFG Aircraft Inc., SFG Commercial Aircraft Leasing Inc., SFG Equipment Leasing Corporation I, Trustcorp Mortgage Company (Inactive), and Washington and Michigan Insurance Inc..
Read More

This page (NASDAQ:SRCE) was last updated on 4/18/2024 by MarketBeat.com Staff

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