1st Source Ownership
| SRCE Stock | USD 65.22 0.97 1.47% |
Shares in Circulation | First Issued 1985-09-30 | Previous Quarter 24.5 M | Current Value 24.5 M | Avarage Shares Outstanding 27.5 M | Quarterly Volatility 8.9 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
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1st Stock Ownership Analysis
About 16.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.45. 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. 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. As of December 31, 2021, the company operated through 79 banking centers in 18 counties in Indiana and Michigan, as well as Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana. 1st Source operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1130 people. To find out more about 1st Source contact Christopher III at 574 235 2000 or learn more at https://www.1stsource.com.Besides selling stocks to institutional investors, 1st Source also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different 1st Source's stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align 1st Source's strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
1st Source Quarterly Liabilities And Stockholders Equity |
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1st Source Insider Trades History
About 16.0% of 1st Source are currently held by insiders. Unlike 1st Source's institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against 1st Source's private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of 1st Source's insider trades
1st Stock 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 | 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 |
1st Source 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 Outstanding 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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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 |
Also Currently Popular
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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.