Q2 Earnings Forecast for 1st Source Issued By DA Davidson

1st Source Co. (NASDAQ:SRCE) – DA Davidson issued their Q2 2025 EPS estimates for shares of 1st Source in a report released on Monday, April 28th. DA Davidson analyst P. Winter forecasts that the financial services provider will post earnings per share of $1.47 for the quarter. The consensus estimate for 1st Source’s current full-year earnings is $5.82 per share. DA Davidson also issued estimates for 1st Source’s FY2025 earnings at $5.96 EPS and FY2026 earnings at $5.98 EPS.

A number of other research analysts also recently issued reports on SRCE. Weiss Ratings reiterated a “buy (b)” rating on shares of 1st Source in a research note on Thursday, April 24th. Piper Sandler lifted their price objective on shares of 1st Source from $72.50 to $75.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their target price on 1st Source from $67.00 to $69.00 and gave the company a “market perform” rating in a report on Monday, January 27th.

1st Source Stock Performance

Shares of SRCE opened at $59.95 on Tuesday. The stock has a 50-day simple moving average of $59.32 and a 200-day simple moving average of $61.04. 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 1 year low of $48.97 and a 1 year high of $68.13. The stock has a market capitalization of $1.47 billion, a PE ratio of 11.18 and a beta of 0.67.

1st Source (NASDAQ:SRCE) last released its earnings results on Thursday, April 24th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.16. 1st Source had a return on equity of 11.92% and a net margin of 23.10%. The firm had revenue of $104.04 million during the quarter, compared to analyst estimates of $100.97 million.

1st Source Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.54%. This is an increase from 1st Source’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, May 5th. 1st Source’s dividend payout ratio is 26.71%.

Institutional Trading of 1st Source

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRCE. Nuveen Asset Management LLC grew its position in shares of 1st Source by 154.4% in the 4th quarter. Nuveen Asset Management LLC now owns 139,017 shares of the financial services provider’s stock valued at $8,116,000 after buying an additional 84,378 shares during the last quarter. Millennium Management LLC grew its holdings in shares of 1st Source by 34.3% during the fourth quarter. Millennium Management LLC now owns 203,856 shares of the financial services provider’s stock worth $11,901,000 after purchasing an additional 52,110 shares during the last quarter. Norges Bank acquired a new stake in shares of 1st Source during the fourth quarter worth about $2,984,000. JPMorgan Chase & Co. lifted its holdings in shares of 1st Source by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 123,276 shares of the financial services provider’s stock valued at $7,197,000 after purchasing an additional 32,257 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of 1st Source by 30.5% in the 4th quarter. American Century Companies Inc. now owns 119,639 shares of the financial services provider’s stock valued at $6,985,000 after purchasing an additional 27,966 shares during the period. Institutional investors and hedge funds own 74.45% of the company’s stock.

About 1st Source

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.