1st Source Stock Beta
| SRCE Stock | USD 64.89 0.33 0.51% |
1st Source fundamentals help investors to digest information that contributes to 1st Source's financial success or failures. It also enables traders to predict the movement of 1st Stock. The fundamental analysis module provides a way to measure 1st Source's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to 1st Source stock.
1st | Beta |
1st Source Company Beta Analysis
1st Source's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current 1st Source Beta | 0.77 |
Most of 1st Source's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, 1st Source is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
1st Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for 1st Source is extremely important. It helps to project a fair market value of 1st Stock properly, considering its historical fundamentals such as Beta. Since 1st Source's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of 1st Source's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of 1st Source's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, 1st Source has a Beta of 0.769. This is 6.22% lower than that of the Banks sector and significantly higher than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.
1st Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 1st Source's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of 1st Source could also be used in its relative valuation, which is a method of valuing 1st Source by comparing valuation metrics of similar companies.1st Source is currently under evaluation in beta category among its peers.
1st Source Current Valuation Drivers
We derive many important indicators used in calculating different scores of 1st Source from analyzing 1st Source's financial statements. These drivers represent accounts that assess 1st Source's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of 1st Source's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.3B | 1.0B | 1.2B | 1.3B | 1.4B | 1.4B | |
| Enterprise Value | 1.4B | 1.1B | 1.3B | 1.4B | 1.6B | 1.7B |
1st Source ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, 1st Source's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to 1st Source's managers, analysts, and investors.Environmental | Governance | Social |
1st Source Institutional Holders
Institutional Holdings refers to the ownership stake in 1st Source that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of 1st Source's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing 1st Source's value.| Shares | Reinhart Mahoney Capital Management Inc | 2024-09-30 | 233.5 K | First Trust Advisors L.p. | 2024-06-30 | 194.4 K | Kennedy Capital Management Inc | 2024-09-30 | 178.2 K | Northern Trust Corp | 2024-09-30 | 175.3 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 170.2 K | Bridgeway Capital Management, Llc | 2024-09-30 | 169.6 K | Renaissance Technologies Corp | 2024-09-30 | 148.3 K | Bank Of New York Mellon Corp | 2024-06-30 | 134.9 K | Fmr Inc | 2024-09-30 | 120.6 K | 1st Source Bank | 2024-06-30 | 6.3 M | Blackrock Inc | 2024-06-30 | 1.6 M |
As returns on the market increase, 1st Source's returns are expected to increase less than the market. However, during the bear market, the loss of holding 1st Source is expected to be smaller as well.
1st Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.015 | |||
| Profit Margin | 0.35 % | |||
| Operating Margin | 0.49 % | |||
| Current Valuation | 1.78 B | |||
| Shares Outstanding | 24.52 M | |||
| Shares Owned By Insiders | 15.59 % | |||
| Shares Owned By Institutions | 76.10 % | |||
| Number Of Shares Shorted | 145.8 K | |||
| Price To Earning | 15.73 X | |||
| Price To Book | 1.45 X | |||
| Price To Sales | 4.33 X | |||
| Revenue | 363.4 M | |||
| Gross Profit | 341.49 M | |||
| EBITDA | 7.09 M | |||
| Net Income | 124.93 M | |||
| Cash And Equivalents | 144.52 M | |||
| Cash Per Share | 5.86 X | |||
| Total Debt | 341.58 M | |||
| Debt To Equity | 7.06 % | |||
| Book Value Per Share | 45.05 X | |||
| Cash Flow From Operations | 187.94 M | |||
| Short Ratio | 2.15 X | |||
| Earnings Per Share | 5.25 X | |||
| Price To Earnings To Growth | 2.03 X | |||
| Target Price | 63.67 | |||
| Number Of Employees | 1.17 K | |||
| Beta | 0.77 | |||
| Market Capitalization | 1.6 B | |||
| Total Asset | 8.73 B | |||
| Retained Earnings | 789.84 M | |||
| Annual Yield | 0.02 % | |||
| Five Year Return | 2.38 % | |||
| Net Asset | 8.73 B | |||
| Last Dividend Paid | 1.4 |
About 1st Source Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 1st Source's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 1st Source using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 1st Source based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether 1st Source is a strong investment it is important to analyze 1st Source's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 1st Source's future performance. For an informed investment choice regarding 1st Stock, refer to the following important reports:Check out 1st Source Piotroski F Score and 1st Source Altman Z Score analysis. For information on how to trade 1st Stock refer to our How to Trade 1st Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 1st Source. If investors know 1st will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 1st Source listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.068 | Dividend Share 1.4 | Earnings Share 5.25 | Revenue Per Share 15.077 | Quarterly Revenue Growth 0.021 |
The market value of 1st Source is measured differently than its book value, which is the value of 1st that is recorded on the company's balance sheet. Investors also form their own opinion of 1st Source's value that differs from its market value or its book value, called intrinsic value, which is 1st Source's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 1st Source's market value can be influenced by many factors that don't directly affect 1st Source's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 1st Source's value and its price as these two are different measures arrived at by different means. Investors typically determine if 1st Source is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1st Source's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.