1st Source (NASDAQ:SRCE) Price Target Raised to $67.00

1st Source (NASDAQ:SRCE) had its price objective lifted by investment analysts at DA Davidson from $65.00 to $67.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s target price indicates a potential upside of 10.38% from the company’s current price. DA Davidson also issued estimates for 1st Source’s Q3 2025 earnings at $1.58 EPS, FY2025 earnings at $6.20 EPS and FY2026 earnings at $6.28 EPS.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of 1st Source in a research note on Saturday, July 12th. Piper Sandler increased their target price on shares of 1st Source from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $69.00 target price (up previously from $67.00) on shares of 1st Source in a research note on Monday.

1st Source Trading Down 1.2%

SRCE opened at $60.70 on Tuesday. The firm has a market cap of $1.49 billion, a P/E ratio of 10.63 and a beta of 0.68. 1st Source has a 12 month low of $52.14 and a 12 month high of $68.13. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $61.95 and a 200 day moving average of $61.09.

1st Source (NASDAQ:SRCE) last announced its earnings results on Thursday, July 24th. The financial services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.02. 1st Source had a net margin of 24.02% and a return on equity of 11.94%. The business had revenue of $108.25 million for the quarter, compared to the consensus estimate of $104.67 million. As a group, research analysts forecast that 1st Source will post 5.82 EPS for the current year.

Institutional Trading of 1st Source

Several institutional investors and hedge funds have recently modified their holdings of SRCE. CX Institutional bought a new stake in shares of 1st Source during the second quarter valued at approximately $63,000. Aquatic Capital Management LLC raised its stake in shares of 1st Source by 14.3% during the fourth quarter. Aquatic Capital Management LLC now owns 2,515 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 315 shares in the last quarter. Financial Life Planners raised its stake in shares of 1st Source by 239.1% during the first quarter. Financial Life Planners now owns 2,784 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 1,963 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 1st Source by 143.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,738 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 2,204 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of 1st Source during the fourth quarter valued at approximately $219,000. Institutional investors own 74.45% of the company’s stock.

About 1st Source

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. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.