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How to buy 1st Source Corporation stock (SRCE)

Buy 1st Source Corporation stock in 5 easy steps, view past price performance and learn what’s ahead for the company.

1st Source Corporation is a banks - regional business based in the US. 1st Source Corporation shares (SRCE) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $64.92 – a decrease of 0.35% over the previous week. 1st Source Corporation employs 1,170 staff and has a trailing 12-month revenue of around $369 million.

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1st Source Corporation stock price (NASDAQ: SRCE)

Use our graph to track the performance of SRCE stocks over time.

1st Source Corporation shares at a glance

Information last updated 2024-11-15.
Latest market close$64.92
52-week range$46.07 - $67.74
50-day moving average $60.32
200-day moving average $54.95
Wall St. target price$63.67
PE ratio 12.5624
Dividend yield $1.4 (2.18%)
Earnings per share (TTM) $5.21

Is it a good time to buy 1st Source Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

1st Source Corporation price performance over time

Historical closes compared with the close of $66.01 from 2024-11-13

1 week (2024-11-08) 1.32%
1 month (2024-10-15) 8.80%
3 months (2024-08-15) 14.98%
6 months (2024-05-15) 25.59%
1 year (2023-11-15) 31.78%
2 years (2022-11-15) 20.96%
3 years (2021-11-15) 41.86%
5 years (2019-11-15) 47.94%

Is 1st Source Corporation stock undervalued or overvalued?

Valuing 1st Source Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of 1st Source Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

1st Source Corporation's P/E ratio

1st Source Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, 1st Source Corporation shares trade at around 13x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

1st Source Corporation's PEG ratio

1st Source Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.03. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into 1st Source Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

1st Source Corporation financials

Revenue TTM $369 million
Operating margin TTM 49.36%
Gross profit TTM $341.5 million
Return on assets TTM 1.5%
Return on equity TTM 12.01%
Profit margin 35.13%
Book value $45.05
Market Capitalization $1.6 billion

TTM: trailing 12 months

1st Source Corporation share dividends

27%

Dividend payout ratio: 26.72% of net profits

Recently 1st Source Corporation has paid out, on average, around 0% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), 1st Source Corporation shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In 1st Source Corporation's case, that would currently equate to about $1.4 per share.

While 1st Source Corporation's payout ratio might seem fairly standard, it's worth remembering that 1st Source Corporation may be investing much of the rest of its net profits in future growth.

1st Source Corporation's most recent dividend payout was on 14 November 2024. The latest dividend was paid out to all shareholders who bought their shares by 4 November 2024 (the "ex-dividend date").

Have 1st Source Corporation's shares ever split?

1st Source Corporation's shares were split on a 11:10 basis on 2 August 2006 . So if you had owned 10 shares the day before before the split, the next day you'd have owned 11 shares. This wouldn't directly have changed the overall worth of your 1st Source Corporation shares – just the quantity. However, indirectly, the new 9.1% lower share price could have impacted the market appetite for 1st Source Corporation shares which in turn could have impacted 1st Source Corporation's share price.

1st Source Corporation share price volatility

Over the last 12 months, 1st Source Corporation's shares have ranged in value from as little as $46.0655 up to $67.74. A popular way to gauge a stock's volatility is its "beta".

SRCE.US volatility(beta: 0.77)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while 1st Source Corporation's is 0.769. This would suggest that 1st Source Corporation's shares are less volatile than average (for this exchange).

1st Source Corporation overview

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. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and renewable energy and acquisition financing; and commercial leasing, treasury management, and retirement planning services. In addition, it provides trust, investment, agency, and custodial services comprising administration of estates and personal trusts, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease products for construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

Frequently asked questions

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What percentage of 1st Source Corporation is owned by insiders or institutions?
Currently 15.628% of 1st Source Corporation shares are held by insiders and 75.29% by institutions.
How many people work for 1st Source Corporation?
Latest data suggests 1,170 work at 1st Source Corporation.
When does the fiscal year end for 1st Source Corporation?
1st Source Corporation's fiscal year ends in December.
Where is 1st Source Corporation based?
1st Source Corporation's address is: 100 North Michigan Street, South Bend, IN, United States, 46601
What is 1st Source Corporation's ISIN number?
1st Source Corporation's international securities identification number is: US3369011032
What is 1st Source Corporation's CUSIP number?
1st Source Corporation's Committee on Uniform Securities Identification Procedures number is: 336901103

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