SRCE has been the topic of several other reports. Keefe, Bruyette & Woods boosted their target price on 1st Source from $67.00 to $69.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Piper Sandler raised 1st Source from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $70.00 to $72.50 in a research note on Monday, January 27th.

View Our Latest Stock Analysis on SRCE

SRCE opened at $62.73 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.94. 1st Source has a 52-week low of $47.30 and a 52-week high of $68.13. The stock has a market capitalization of $1.54 billion, a PE ratio of 11.70 and a beta of 0.81. The stock's 50 day moving average price is $61.55 and its 200-day moving average price is $61.34.

1st Source (NASDAQ:SRCE - Get Free Report) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. 1st Source had a return on equity of 11.92% and a net margin of 23.10%. On average, equities research analysts predict that 1st Source will post 5.82 EPS for the current year.

Several hedge funds have recently made changes to their positions in SRCE. New York State Teachers Retirement System boosted its position in shares of 1st Source by 12.2% during the third quarter. New York State Teachers Retirement System now owns 1,675 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 182 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of 1st Source during the third quarter valued at approximately $664,000. Victory Capital Management Inc. bought a new stake in 1st Source in the third quarter worth $413,000. Empowered Funds LLC boosted its holdings in 1st Source by 5.3% in the third quarter. Empowered Funds LLC now owns 84,592 shares of the financial services provider's stock worth $5,065,000 after acquiring an additional 4,288 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in 1st Source by 625.6% in the third quarter. Thrivent Financial for Lutherans now owns 33,227 shares of the financial services provider's stock worth $1,989,000 after acquiring an additional 28,648 shares in the last quarter. 74.45% of the stock is currently owned by institutional investors.

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.

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