1st Source Stock Today
| SRCE Stock | USD 50.77 0.62 1.24% |
Performance0 of 100
| Odds Of DistressLess than 9
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1st Source is trading at 50.77 as of the 23rd of April 2024, a 1.24 percent up since the beginning of the trading day. The stock's lowest day price was 50.01. 1st Source has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over 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 24th of March 2024 and ending today, the 23rd of April 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 24.46 M outstanding shares of which 179.03 K shares are at this time shorted by private and institutional investors with about 2.41 trading days to cover. More on 1st Source
Moving together with 1st Stock
| 0.79 | AX | Axos Financial Earnings Call This Week | PairCorr |
| 0.89 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
| 0.89 | PB | Prosperity Bancshares Earnings Call Tomorrow | PairCorr |
Moving against 1st Stock
| 0.55 | TECTP | Tectonic Financial | PairCorr |
| 0.44 | VBFC | Village Bank | PairCorr |
| 0.42 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
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1st Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. 1st Source's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding 1st Source or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| 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 Analysts covering 1st Source report their recommendations after researching 1st Source's financial statements, talking to executives and customers, or listening in on 1st Source's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering 1st Source. The 1st consensus assessment is calculated by taking the average forecast from all of the analysts covering 1st Source. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from 1st Source's historical financial statements, 1st Source is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of 1st Source is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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1st Source's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to 1st Source's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to 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 1.23 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate 1st Source's market, we take the total number of its shares issued and multiply it by 1st Source's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. 1st Source conducts business under Banks sector and is part of Financials industry. The entity has 24.46 M outstanding shares of which 179.03 K shares are at this time shorted by private and institutional investors with about 2.41 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 24.46 Million outstanding shares. Over half of 1st Source's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in 1st Source. Please watch out for any change in the institutional holdings of 1st Source as this could mean 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 Price Odds Analysis
What are 1st Source's target price odds to finish over the current price? Based on a normal probability distribution, the odds of 1st Source jumping above the current price in 90 days from now is about 45.89%. The 1st Source probability density function shows the probability of 1st Source stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6826. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, 1st Source will likely underperform. Additionally, 1st Source has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of 1st Source to move above the current price in 90 days from now is about 45.89 (This 1st Source probability density function shows the probability of 1st Stock to fall within a particular range of prices over 90 days) .
1st Stock 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.| Instituion | Recorded On | Shares | |
| Reinhart Mahoney Capital Management Inc | 2023-12-31 | 238.4 K | |
| Kennedy Capital Management Inc | 2023-12-31 | 197.4 K | |
| Northern Trust Corp | 2023-12-31 | 192.8 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 176.9 K | |
| Bridgeway Capital Management, Llc | 2023-12-31 | 153.9 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 142.2 K | |
| Renaissance Technologies Corp | 2023-12-31 | 133.3 K | |
| First Trust Advisors L.p. | 2023-12-31 | 132.6 K | |
| Fmr Inc | 2023-12-31 | 129 K | |
| 1st Source Bank | 2023-12-31 | 6.9 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.6 M |
1st Source Historical Income Statement
1st Source Income Statement is one of the three primary financial statements used for reporting 1st's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of 1st Source revenue and expense. 1st Source Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, 1st Source's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 131.2 M, whereas Operating Income is projected to grow to (6.7 K). View More Fundamentals1st Stock Against Markets
Picking the right benchmark for 1st Source stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in 1st Source stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for 1st Source is critical whether you are bullish or bearish towards 1st Source at a given time. Please also check how 1st Source's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in 1st Source without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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1st Source Corporate Directors
1st Source corporate directors refer to members of a 1st Source board of directors. The board of directors generally takes responsibility for the 1st Source's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of 1st Source's board members must vote for the resolution. The 1st Source board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Craig Kapson | Independent Director | Profile | |
| Daniel Fitzpatrick | Independent Director | Profile | |
| Vinod Khilnani | Independent Director | Profile | |
| Mark Schwabero | Independent Director | Profile |
How to buy 1st Stock?
Before investing in 1st Source, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in 1st Source. To buy 1st Source stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of 1st Source. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase 1st Source stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located 1st Source stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased 1st Source stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as 1st Source, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. 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. For more information on how to buy 1st Stock please use our How to Invest in 1st Source guide.
Already Invested in 1st Source?
The danger of trading 1st Source is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of 1st Source is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than 1st Source. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile 1st Source is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 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 tightly coupled 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.Note that the 1st Source information on this page should be used as a complementary analysis to other 1st Source's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for 1st Stock analysis
When running 1st Source's price analysis, check to measure 1st Source's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 1st Source is operating at the current time. Most of 1st Source's value examination focuses on studying past and present price action to predict the probability of 1st Source's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 1st Source's price. Additionally, you may evaluate how the addition of 1st Source to your portfolios can decrease your overall portfolio volatility.
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Is 1st Source's industry 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 (0.08) | Dividend Share 1.32 | Earnings Share 5.03 | Revenue Per Share 14.763 | Quarterly Revenue Growth 0.001 |
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.