Q1 Earnings Estimate for 1st Source Issued By DA Davidson

1st Source Co. (NASDAQ:SRCE) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for 1st Source in a note issued to investors on Monday, January 27th. DA Davidson analyst P. Winter anticipates 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 $5.46 per share. DA Davidson also issued estimates for 1st Source’s FY2025 earnings at $5.84 EPS.

1st Source (NASDAQ:SRCE) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. 1st Source had a net margin of 23.01% and a return on equity of 11.68%.

Other research analysts have also issued research reports about the company. Piper Sandler upgraded 1st Source from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $70.00 to $72.50 in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of 1st Source in a research report on Saturday, January 18th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of 1st Source from $67.00 to $69.00 and gave the company a “market perform” rating in a research report on Monday.

1st Source Price Performance

SRCE stock opened at $61.81 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50-day moving average is $60.71 and its 200-day moving average is $60.48. The stock has a market capitalization of $1.52 billion, a PE ratio of 11.77 and a beta of 0.82. 1st Source has a 1 year low of $47.30 and a 1 year high of $68.13.

1st Source Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $1.44 dividend on an annualized basis and a yield of 2.33%. 1st Source’s dividend payout ratio (DPR) is currently 27.43%.

Institutional Trading of 1st Source

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in 1st Source by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,372 shares of the financial services provider’s stock worth $35,112,000 after buying an additional 1,872 shares in the last quarter. State Street Corp grew its stake in shares of 1st Source by 1.7% in the 3rd quarter. State Street Corp now owns 567,195 shares of the financial services provider’s stock worth $33,964,000 after acquiring an additional 9,235 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 1st Source by 0.9% in the third quarter. Geode Capital Management LLC now owns 433,440 shares of the financial services provider’s stock valued at $25,959,000 after purchasing an additional 3,780 shares during the last quarter. FMR LLC lifted its position in shares of 1st Source by 6.1% during the third quarter. FMR LLC now owns 120,617 shares of the financial services provider’s stock valued at $7,223,000 after purchasing an additional 6,981 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of 1st Source by 36.8% during the third quarter. JPMorgan Chase & Co. now owns 91,019 shares of the financial services provider’s stock valued at $5,450,000 after purchasing an additional 24,470 shares in the last quarter. 74.45% of the stock is owned by hedge funds and other institutional investors.

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.