Brokers Offer Predictions for 1st Source Q3 Earnings

1st Source Corporation (NASDAQ:SRCE) – Keefe, Bruyette & Woods issued their Q3 2026 EPS estimates for shares of 1st Source in a research report issued on Monday, October 12th. Keefe, Bruyette & Woods analyst D. Delmonte forecasts that the financial services provider will post earnings of $1.84 per share for the quarter. Keefe, Bruyette & Woods currently has a “Market Perform” rating and a $82.00 target price on the stock. The consensus estimate for 1st Source’s current full-year earnings is $7.26 per share.

SRCE has been the subject of a number of other reports. Piper Sandler boosted their price target on shares of 1st Source from $88.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. DA Davidson upped their price objective on shares of 1st Source from $77.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Zacks Research lowered 1st Source from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, Weiss Ratings raised 1st Source from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.67.

1st Source Trading Down 0.8%

NASDAQ SRCE opened at $84.06 on Wednesday. The firm’s fifty day moving average price is $86.36 and its 200 day moving average price is $80.36. 1st Source has a 12 month low of $56.89 and a 12 month high of $91.46. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 12.89 and a beta of 0.57.

1st Source (NASDAQ:SRCE) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.24. The business had revenue of $118.16 million during the quarter, compared to analysts’ expectations of $114.13 million. 1st Source had a net margin of 28.09% and a return on equity of 12.94%.

1st Source Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.1%. This is a positive change from 1st Source’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Tuesday, August 4th. 1st Source’s dividend payout ratio is presently 27.61%.

Insiders Place Their Bets

In other 1st Source news, CFO Brett Bauer sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $87.89, for a total value of $43,945.00. Following the completion of the sale, the chief financial officer owned 30,706 shares in the company, valued at approximately $2,698,750.34. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.17% of the company’s stock.

Hedge Funds Weigh In On 1st Source

A number of hedge funds have recently modified their holdings of the business. 1ST Source Bank purchased a new stake in shares of 1st Source in the second quarter valued at about $416,946,000. BlackRock Inc. acquired a new stake in shares of 1st Source during the second quarter worth about $166,355,000. Jupiter Topco LLC purchased a new position in shares of 1st Source during the second quarter worth about $39,286,000. The Manufacturers Life Insurance Company purchased a new position in shares of 1st Source during the second quarter worth about $19,319,000. Finally, Janus Henderson Group PLC grew its holdings in shares of 1st Source by 37.4% during the first quarter. Janus Henderson Group PLC now owns 460,422 shares of the financial services provider’s stock worth $31,889,000 after buying an additional 125,248 shares during the last quarter. 74.45% of the stock is currently owned by hedge funds and other institutional investors.

1st Source Company Profile

1st Source Corporation is a financial services holding company headquartered in South Bend, Indiana. Through its principal subsidiary, 1st Source Bank, the company provides banking and related financial services to businesses, individuals and organizations.

1st Source Bank offers commercial and consumer lending, deposit accounts, treasury management, mortgage services, and trust and investment services. The bank also provides specialized financing for industries such as aircraft, construction equipment, transportation, marine, agriculture and other commercial markets.

Founded in 1863, 1st Source serves communities primarily across northern Indiana and southwest Michigan through banking offices and specialized lending operations.