Q1 Earnings Estimate for 1st Source Issued By DA Davidson

1st Source Co. (NASDAQ:SRCE) – DA Davidson issued their Q1 2025 earnings per share estimates for 1st Source in a research report issued to clients and investors on Monday, January 27th. DA Davidson analyst P. Winter anticipates that the financial services provider will post earnings of $1.31 per share 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.

SRCE has been the topic of several other research reports. Piper Sandler upgraded 1st Source from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $72.50 in a research note on Monday. Keefe, Bruyette & Woods upped their price target on 1st Source from $67.00 to $69.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of 1st Source in a report on Saturday, January 18th.

1st Source Stock Down 0.2 %

1st Source stock opened at $61.81 on Tuesday. The firm has a 50 day moving average price of $60.71 and a 200-day moving average price of $60.48. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08. 1st Source has a twelve month low of $47.30 and a twelve month high of $68.13. The company has a market capitalization of $1.52 billion, a P/E ratio of 11.77 and a beta of 0.82.

1st Source (NASDAQ:SRCE) last posted its quarterly earnings results 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%.

1st Source Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 4th will be paid a $0.36 dividend. The ex-dividend date 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 is 27.43%.

Institutional Investors Weigh In On 1st Source

Several institutional investors have recently made changes to their positions in SRCE. AQR Capital Management LLC raised its stake in shares of 1st Source by 17.4% during the 2nd quarter. AQR Capital Management LLC now owns 81,494 shares of the financial services provider’s stock valued at $4,370,000 after purchasing an additional 12,067 shares during the period. SG Americas Securities LLC purchased a new position in 1st Source during the 3rd quarter valued at about $377,000. AMI Investment Management Inc. bought a new stake in shares of 1st Source during the third quarter valued at about $206,000. CWM LLC increased its position in shares of 1st Source by 122.7% during the third quarter. CWM LLC now owns 3,035 shares of the financial services provider’s stock valued at $182,000 after buying an additional 1,672 shares during the period. Finally, Inspire Investing LLC lifted its holdings in shares of 1st Source by 4.4% in the third quarter. Inspire Investing LLC now owns 6,908 shares of the financial services provider’s stock worth $414,000 after buying an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 74.45% of the company’s stock.

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.