Is 1st Source Stock a Good Investment?
1st Source Investment Advice | SRCE |
- Examine 1st Source's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research 1st Source's leadership team and their track record. Good management can help 1st Source navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Regional Banks space and any emerging trends that could impact 1st Source's business and its evolving consumer preferences.
- Compare 1st Source's performance and market position to its competitors. Analyze how 1st Source is positioned in terms of product offerings, innovation, and market share.
- Check if 1st Source pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about 1st Source's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in 1st Source stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if 1st Source is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine 1st Source Stock
Researching 1st Source's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 16.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.47. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. 1st Source has Price/Earnings To Growth (PEG) ratio of 2.03. The entity recorded earning per share (EPS) of 5.25. The firm last dividend was issued on the 5th of November 2024. 1st Source had 11:10 split on the 3rd of August 2006.
To determine if 1st Source is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding 1st Source's research are outlined below:
| Over 76.0% of the company shares are owned by institutional investors | |
| On 15th of November 2024 1st Source paid $ 0.36 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Agilitas Energy Buoys National Expansion Efforts with Strategic Financing from 1st Source Bank |
1st Source Quarterly Liabilities And Stockholders Equity |
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1st Source uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in 1st Source. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to 1st Source's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 1st of February 2024 Upcoming Quarterly Report | View | |
| 18th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 1st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact 1st Source's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises 1st Source's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2003-07-28 | 2003-06-30 | 0.16 | 0.18 | 0.02 | 12 | ||
2006-07-27 | 2006-06-30 | 0.37 | 0.41 | 0.04 | 10 | ||
2005-07-28 | 2005-06-30 | 0.28 | 0.32 | 0.04 | 14 | ||
2002-10-15 | 2002-09-30 | 0.12 | 0.08 | -0.04 | 33 | ||
2000-02-04 | 1999-12-31 | 0.37 | 0.41 | 0.04 | 10 | ||
2006-01-26 | 2005-12-31 | 0.31 | 0.36 | 0.05 | 16 | ||
2005-01-27 | 2004-12-31 | 0.26 | 0.31 | 0.05 | 19 | ||
2003-04-30 | 2003-03-31 | 0.12 | 0.17 | 0.05 | 41 |
Know 1st Source's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as 1st Source is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading 1st Source backward and forwards among themselves. 1st Source's institutional investor refers to the entity that pools money to purchase 1st Source's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Reinhart Mahoney Capital Management Inc | 2024-09-30 | 233.5 K | First Trust Advisors L.p. | 2024-06-30 | 194.4 K | Northern Trust Corp | 2024-09-30 | 175.3 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 170.2 K | Kennedy Capital Management Inc | 2024-06-30 | 169.8 K | Bridgeway Capital Management, Llc | 2024-06-30 | 165.3 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 |
1st Source's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.63 B.Market Cap |
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1st Source's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.03 | 0.02 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.13 | 0.12 |
Determining 1st Source's profitability involves analyzing its financial statements and using various financial metrics to determine if 1st Source is a good buy. For example, gross profit margin measures 1st Source's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of 1st Source's profitability and make more informed investment decisions.
Please note, the presentation of 1st Source's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, 1st Source's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of 1st Source's management manipulating its earnings.
Evaluate 1st Source's management efficiency
1st Source has return on total asset (ROA) of 0.015 % which means that it generated a profit of $0.015 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1201 %, meaning that it created $0.1201 on every $100 dollars invested by stockholders. 1st Source's management efficiency ratios could be used to measure how well 1st Source manages its routine affairs as well as how well it operates its assets and liabilities. As of November 24, 2024, Return On Tangible Assets is expected to decline to 0.01. In addition to that, Return On Capital Employed is expected to decline to 0.02. At present, 1st Source's Intangibles To Total Assets are projected to slightly decrease based on the last few years of reporting. The current year's Debt To Assets is expected to grow to 0.05, whereas Non Currrent Assets Other are projected to grow to (1.7 B).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 43.40 | 45.57 | |
| Tangible Book Value Per Share | 39.99 | 41.99 | |
| Enterprise Value Over EBITDA | 7.32 | 6.90 | |
| Price Book Value Ratio | 1.37 | 1.67 | |
| Enterprise Value Multiple | 7.32 | 6.90 | |
| Price Fair Value | 1.37 | 1.67 | |
| Enterprise Value | 1.6 B | 1.7 B |
1st Source showcases strong leadership that adapts to market changes and drives innovation. Our analysis explores how this adaptability affects the stock's investment appeal.
Dividend Yield 0.0217 | Forward Dividend Yield 0.0217 | Forward Dividend Rate 1.44 | Beta 0.769 |
Basic technical analysis of 1st Stock
As of the 24th of November, 1st Source shows the mean deviation of 1.41, and Risk Adjusted Performance of 0.0856. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of 1st Source, as well as the relationship between them. Please confirm 1st Source value at risk, as well as the relationship between the semi variance and kurtosis to decide if 1st Source is priced correctly, providing market reflects its regular price of 66.29 per share. Given that 1st Source has jensen alpha of (0.03), we suggest you to validate 1st Source's prevailing market performance to make sure the company can sustain itself at a future point.1st Source's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific 1st Source insiders, such as employees or executives, is commonly permitted as long as it does not rely on 1st Source's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases 1st Source insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
1st Source's Outstanding Corporate Bonds
1st Source issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. 1st Source uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most 1st bonds can be classified according to their maturity, which is the date when 1st Source has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand 1st Source's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing 1st Source's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0856 | |||
| Market Risk Adjusted Performance | 0.1155 | |||
| Mean Deviation | 1.41 | |||
| Semi Deviation | 1.51 | |||
| Downside Deviation | 1.68 | |||
| Coefficient Of Variation | 970.78 | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.98 | |||
| Information Ratio | 0.0444 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0589 | |||
| Treynor Ratio | 0.1055 | |||
| Maximum Drawdown | 15.84 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 2.92 | |||
| Downside Variance | 2.83 | |||
| Semi Variance | 2.27 | |||
| Expected Short fall | (1.63) | |||
| Skewness | 2.07 | |||
| Kurtosis | 10.02 |
| Risk Adjusted Performance | 0.0856 | |||
| Market Risk Adjusted Performance | 0.1155 | |||
| Mean Deviation | 1.41 | |||
| Semi Deviation | 1.51 | |||
| Downside Deviation | 1.68 | |||
| Coefficient Of Variation | 970.78 | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.98 | |||
| Information Ratio | 0.0444 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0589 | |||
| Treynor Ratio | 0.1055 | |||
| Maximum Drawdown | 15.84 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 2.92 | |||
| Downside Variance | 2.83 | |||
| Semi Variance | 2.27 | |||
| Expected Short fall | (1.63) | |||
| Skewness | 2.07 | |||
| Kurtosis | 10.02 |
Consider 1st Source's intraday indicators
1st Source intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of 1st Source stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
1st Source Corporate Filings
F4 | 18th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 31st of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 20th of June 2024 Other Reports | ViewVerify |
1st Stock media impact
Far too much social signal, news, headlines, and media speculation about 1st Source that are available to investors today. That information is available publicly through 1st media outlets and privately through word of mouth or via 1st internal channels. However, regardless of the origin, that massive amount of 1st data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of 1st Source news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of 1st Source relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to 1st Source's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive 1st Source alpha.
1st Source Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards 1st Source can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
1st Source Corporate Management
| Jeffrey Buhr | Chief Credit Officer of 1st Source Bank and Executive VP of 1st Source Bank | Profile | |
| Greg Brown | Pres Division | Profile | |
| Lawrence Mayers | Regional Bank | Profile | |
| Brett Bauer | CFO VP | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1st Source. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade 1st Stock refer to our How to Trade 1st Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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.
In summary, please note that there is a difference between 1st Source's value and its price, as these two are different measures arrived at by various 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.