What is DA Davidson's Forecast for 1st Source Q1 Earnings?

1st Source Co. (NASDAQ:SRCE - Free Report) - DA Davidson issued their Q1 2025 earnings per share estimates for shares of 1st Source in a research report issued to clients and investors on Monday, January 27th. DA Davidson analyst P. Winter forecasts that the financial services provider will post earnings per share of $1.31 for the quarter. The consensus estimate for 1st Source's current full-year earnings is $5.82 per share. DA Davidson also issued estimates for 1st Source's FY2025 earnings at $5.84 EPS.

1st Source (NASDAQ:SRCE - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. 1st Source had a net margin of 23.10% and a return on equity of 12.07%.

A number of other brokerages have also recently commented on SRCE. Weiss Ratings reaffirmed a "buy (b)" rating on shares of 1st Source in a report on Saturday, January 18th. Piper Sandler raised 1st Source from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $70.00 to $72.50 in a research note on Monday. Finally, Keefe, Bruyette & Woods upped their target price on 1st Source from $67.00 to $69.00 and gave the company a "market perform" rating in a report on Monday.

1st Source Stock Performance

Shares of 1st Source stock traded down $0.15 on Tuesday, hitting $62.72. The stock had a trading volume of 86,545 shares, compared to its average volume of 69,877. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. 1st Source has a 52-week low of $47.30 and a 52-week high of $68.13. The company's 50 day moving average price is $60.62 and its 200 day moving average price is $60.50. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 11.70 and a beta of 0.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of 1st Source during the fourth quarter valued at approximately $40,000. Financial Life Planners purchased a new position in 1st Source during the fourth quarter worth about $48,000. nVerses Capital LLC boosted its stake in 1st Source by 150.0% in the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the financial services provider's stock worth $60,000 after buying an additional 600 shares during the last quarter. New York State Teachers Retirement System grew its holdings in 1st Source by 12.2% in the 3rd quarter. New York State Teachers Retirement System now owns 1,675 shares of the financial services provider's stock valued at $100,000 after buying an additional 182 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of 1st Source during the 3rd quarter valued at about $122,000. 74.45% of the stock is currently owned by hedge funds and other institutional investors.

1st Source Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Tuesday, February 4th. 1st Source's dividend payout ratio is presently 26.87%.

1st Source Company Profile

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.