Keefe, Bruyette & Woods Weighs in on 1st Source Q2 Earnings

1st Source Corporation (NASDAQ:SRCE) – Analysts at Keefe, Bruyette & Woods issued their Q2 2026 earnings estimates for 1st Source in a research note issued to investors on Friday, July 17th. Keefe, Bruyette & Woods analyst D. Delmonte expects that the financial services provider will earn $1.73 per share for the quarter. The consensus estimate for 1st Source’s current full-year earnings is $6.81 per share.

1st Source (NASDAQ:SRCE) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.01). 1st Source had a return on equity of 12.39% and a net margin of 26.66%.The business had revenue of $112.25 million for the quarter, compared to analyst estimates of $111.88 million.

A number of other analysts have also recently weighed in on the company. Piper Sandler increased their price objective on 1st Source from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. DA Davidson reissued a “neutral” rating and issued a $74.00 target price on shares of 1st Source in a report on Monday, April 27th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of 1st Source in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.00.

1st Source Stock Performance

Shares of SRCE stock opened at $83.48 on Monday. The stock’s 50-day moving average price is $77.38 and its 200 day moving average price is $71.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $2.01 billion, a PE ratio of 12.80 and a beta of 0.58. 1st Source has a 52-week low of $56.89 and a 52-week high of $86.64.

Hedge Funds Weigh In On 1st Source

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in 1st Source by 40.3% during the third quarter. JPMorgan Chase & Co. now owns 78,426 shares of the financial services provider’s stock worth $4,828,000 after buying an additional 22,525 shares during the period. CM Management LLC acquired a new stake in shares of 1st Source during the 4th quarter valued at approximately $1,094,000. Denali Advisors LLC boosted its stake in shares of 1st Source by 10.2% during the 4th quarter. Denali Advisors LLC now owns 120,600 shares of the financial services provider’s stock worth $7,536,000 after acquiring an additional 11,200 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 1st Source by 10.2% during the 4th quarter. Vanguard Group Inc. now owns 1,316,642 shares of the financial services provider’s stock worth $82,277,000 after acquiring an additional 122,146 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of 1st Source by 191.1% in the 1st quarter. SG Americas Securities LLC now owns 32,378 shares of the financial services provider’s stock worth $2,241,000 after acquiring an additional 21,254 shares during the period. Institutional investors and hedge funds own 74.45% of the company’s stock.

1st Source Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a dividend of $0.43 per share. This is an increase from 1st Source’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, May 5th. 1st Source’s dividend payout ratio is currently 26.38%.

About 1st Source

1st Source Corporation is a bank holding company headquartered in South Bend, Indiana, operating through its wholly owned subsidiary, 1st Source Bank. The company offers a full range of commercial and consumer banking products, including checking and savings accounts, business and commercial lending, residential mortgage loans, and cash management services. Its client base spans small and medium-sized businesses, agribusinesses, professional firms, and individual consumers primarily across northern Indiana and southwestern Michigan.

In addition to traditional banking services, 1st Source Corporation provides wealth management and trust services through its 1st Source Wealth Management division.