1st Source/SRCE

$50.01

4.27%
-
1D1W1MYTD1YMAX

About 1st Source

1st Source Corporation is a bank holding company. The Company, through its subsidiaries, offers a range of financial products and services. Its banking subsidiary, 1st Source Bank (Bank), offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients through its 78 banking center locations in 18 counties in Indiana and Michigan and Sarasota County in Florida. The Bank offers specialized financing services for construction equipment, new and pre-owned private and cargo aircraft, and various vehicle types for fleet purposes. It also offers a range of trust, investment, agency, and custodial services for individual, estate and trust, corporate, and not-for-profit clients. Its insurance agency subsidiary, 1st Source Insurance, Inc., offers property and casualty, individual and group health, and life insurance for individuals and businesses. It also owns and manages certain available-for-sale investment securities.

Ticker

SRCE

Sector

Financials

Trading on

NASDAQ

Industry

Money Center Banks

CEO

Christopher Murphy

Employees

1,170

Headquarters

South bend, United States

1st Source Metrics

BasicAdvanced
$1.17B
Market cap
9.50
P/E ratio
$5.03
EPS
0.80
Beta
$1.30
Dividend rate
2.85%
Dividend yield
$1.17B
0.80382
$56.59
$38.77
65.58K
$1.30
10.78
42.345
25.97%
1.46%
13.35%
9.503
3.164
1.179
1.29
7.847
2.4%
2.72%
2.85%
41.89%
3.8%
16.59%
16.62%
4.78%

What the Analysts think about 1st Source

Analyst Ratings

Majority rating from 3 analysts.
Hold

Price Targets

Average projection from 3 analysts.
11.98% upside
High $59.00
Low $53.00
$50.01
Current price
$56.00
Average price target

1st Source Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
21.11% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$134.5M
2.13%
Net income
$28.4M
-13.68%
Profit margin
21.11%
-15.49%

1st Source Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 0.38%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$1.25
$1.30
$1.32
$1.15
-
Expected
$1.25
$1.11
$1.10
$1.15
$1.14
Surprise
-0.05%
17.65%
20%
-0.38%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for 1st Source stock?

1st Source (SRCE) has a market cap of $1.17B as of April 21, 2024.

What is the P/E ratio for 1st Source stock?

The price to earnings (P/E) ratio for 1st Source (SRCE) stock is 9.54 as of April 21, 2024.

Does 1st Source stock pay dividends?

Yes, the 1st Source (SRCE) stock pays dividends to shareholders. As of April 21, 2024, the dividend rate is $1.3 and the yield is 2.84%. 1st Source has a payout ratio of 25.97% on a trailing twelve-month basis.

When is the next 1st Source dividend payment date?

The next 1st Source (SRCE) dividend payment date is unconfirmed.

What is the beta indicator for 1st Source?

1st Source (SRCE) has a beta rating of 0.8. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the 1st Source stock price target?

The target price for 1st Source (SRCE) stock is $56, which is 11.98% above the current price of $50.01. This is an average based on projections from 3 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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