1st Source Stock Today
| SRCE Stock | USD 66.29 1.27 1.95% |
Performance6 of 100
| Odds Of DistressLess than 9
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1st Source is trading at 66.29 as of the 25th of November 2024, a 1.95% increase since the beginning of the trading day. The stock's lowest day price was 64.92. 1st Source has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for 1st Source are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of February 2023 and ending today, the 25th of November 2024. Click here to learn more.
Business Domain Banks | IPO Date 3rd of September 1996 | Category Financial Services | Classification Financials |
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. The company has 24.52 M outstanding shares of which 145.8 K shares are at this time shorted by private and institutional investors with about 1.94 trading days to cover. More on 1st Source
Moving together with 1st Stock
| 0.97 | AX | Axos Financial | PairCorr |
| 0.95 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.95 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.91 | RF | Regions Financial Fiscal Year End 17th of January 2025 | PairCorr |
Moving against 1st Stock
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1st Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO President | Christopher III | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt Levels1st Source can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand 1st Source's financial leverage. It provides some insight into what part of 1st Source's total assets is financed by creditors.
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1st Source (SRCE) is traded on NASDAQ Exchange in USA. It is located in 100 North Michigan Street, South Bend, IN, United States, 46601 and employs 1,170 people. 1st Source is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.63 B. 1st Source conducts business under Banks sector and is part of Financials industry. The entity has 24.52 M outstanding shares of which 145.8 K shares are at this time shorted by private and institutional investors with about 1.94 trading days to cover.
1st Source currently holds about 144.52 M in cash with 187.94 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.86.
Check 1st Source Probability Of Bankruptcy
Ownership Allocation1st Source holds a total of 24.52 Million outstanding shares. The majority of 1st Source outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in 1st Source to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in 1st Source. Please pay attention to any change in the institutional holdings of 1st Source as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check 1st Ownership Details
1st Stock Institutional Holders
| Instituion | Recorded On | 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 Historical Income Statement
1st Stock Against Markets
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.