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NASDAQ:SRCE

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

1st Source logo
$64.18 -0.53 (-0.82%)
(As of 12/3/2024 05:17 PM ET)

About 1st Source Stock (NASDAQ:SRCE)

Key Stats

Today's Range
$63.86
$64.94
50-Day Range
$57.47
$67.29
52-Week Range
$47.30
$68.13
Volume
65,851 shs
Average Volume
72,404 shs
Market Capitalization
$1.57 billion
P/E Ratio
12.22
Dividend Yield
2.24%
Price Target
$64.75
Consensus Rating
Hold

Company Overview

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.

1st Source Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
54th Percentile Overall Score

SRCE MarketRank™: 

1st Source scored higher than 54% of companies evaluated by MarketBeat, and ranked 533rd out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    1st Source has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    1st Source has received no research coverage in the past 90 days.

  • Read more about 1st Source's stock forecast and price target.
  • Earnings Growth

    Earnings for 1st Source are expected to grow by 2.99% in the coming year, from $5.36 to $5.52 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of 1st Source is 12.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.28.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of 1st Source is 12.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 38.18.

  • Price to Book Value per Share Ratio

    1st Source has a P/B Ratio of 1.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about 1st Source's valuation and earnings.
  • Percentage of Shares Shorted

    0.95% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in 1st Source has recently increased by 22.02%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    1st Source pays a meaningful dividend of 2.23%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    1st Source has been increasing its dividend for 37 years.

  • Dividend Coverage

    The dividend payout ratio of 1st Source is 27.43%. 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 26.09% next year. This indicates that 1st Source will be able to sustain or increase its dividend.

  • Read more about 1st Source's dividend.
  • Percentage of Shares Shorted

    0.95% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in 1st Source has recently increased by 22.02%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    1st Source has a news sentiment score of 0.91. 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 news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for 1st Source this week, compared to 1 article on an average week.
  • Search Interest

    Only 3 people have searched for SRCE on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added 1st Source to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, 1st Source insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    19.44% 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.

  • Read more about 1st Source's insider trading history.
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SRCE Stock News Headlines

Short Interest in 1st Source Co. (NASDAQ:SRCE) Rises By 22.0%
1st Source Corp.
Lock in this disruptor’s share price before 12/5
Spencer Rascoff co-founded Zillow. Austin Allison sold his company to Zillow for $125M. Now they’ve joined forces to launch a venture transforming the $1.3T vacation home market – and the results are already turning heads. This company is leading the co-ownership revolution, offering buyers a chance to own a fraction of a luxury vacation home instead of the entire thing. It’s a model that’s unlocked new demand and earned them over $100M in gross profits in four years.
What's Next: 1st Source's Earnings Preview
See More Headlines

SRCE Stock Analysis - Frequently Asked Questions

1st Source's stock was trading at $54.95 at the beginning of the year. Since then, SRCE shares have increased by 16.8% and is now trading at $64.18.
View the best growth stocks for 2024 here
.

1st Source Co. (NASDAQ:SRCE) announced its quarterly earnings data on Thursday, October, 24th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.05. The financial services provider earned $97.93 million during the quarter, compared to the consensus estimate of $97.30 million. 1st Source had a net margin of 23.01% and a trailing twelve-month return on equity of 11.68%.

1st Source subsidiaries include 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, and others.

1st Source's top institutional shareholders include Charles Schwab Investment Management Inc. (2.39%), State Street Corp (2.31%), Wellington Management Group LLP (2.26%) and Geode Capital Management LLC (1.77%). Insiders that own company stock include Jeffrey L Buhr, Daniel B Fitzpatrick and Mark D Schwabero.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that 1st Source investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Last Earnings
10/24/2024
Ex-Dividend for 11/15 Dividend
11/05/2024
Dividend Payable
11/15/2024
Today
12/03/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/18/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:SRCE
CUSIP
33690110
Employees
1,170
Year Founded
1863

Price Target and Rating

Average Stock Price Target
$64.75
High Stock Price Target
$67.50
Low Stock Price Target
$62.00
Potential Upside/Downside
+0.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$124.93 million
Pretax Margin
29.74%

Debt

Sales & Book Value

Annual Sales
$507.53 million
Cash Flow
$5.86 per share
Book Value
$43.73 per share

Miscellaneous

Free Float
19,750,000
Market Cap
$1.57 billion
Optionable
Optionable
Beta
0.80

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This page (NASDAQ:SRCE) was last updated on 12/4/2024 by MarketBeat.com Staff
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