What is DA Davidson’s Forecast for 1st Source Q1 Earnings?

1st Source Co. (NASDAQ:SRCE) – Stock analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of 1st Source in a research report issued to clients and investors on Monday, January 27th. DA Davidson analyst P. Winter forecasts that the financial services provider will post earnings per share of $1.31 for the quarter. The consensus estimate for 1st Source’s current full-year earnings is $5.46 per share. DA Davidson also issued estimates for 1st Source’s FY2025 earnings at $5.84 EPS.

1st Source (NASDAQ:SRCE) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. 1st Source had a net margin of 23.01% and a return on equity of 11.68%.

A number of other analysts have also recently issued reports on SRCE. Weiss Ratings reissued a “buy (b)” rating on shares of 1st Source in a research report on Saturday, January 18th. Piper Sandler upgraded 1st Source from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $70.00 to $72.50 in a report on Monday. Finally, Keefe, Bruyette & Woods increased their price objective on 1st Source from $67.00 to $69.00 and gave the stock a “market perform” rating in a report on Monday.

1st Source Trading Up 0.1 %

Shares of NASDAQ:SRCE opened at $61.86 on Tuesday. 1st Source has a 12-month low of $47.30 and a 12-month high of $68.13. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.52 billion, a P/E ratio of 11.78 and a beta of 0.82. The firm has a fifty day moving average of $60.66 and a two-hundred day moving average of $60.49.

Institutional Trading of 1st Source

Several large investors have recently made changes to their positions in SRCE. Thrivent Financial for Lutherans lifted its position in shares of 1st Source by 625.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 33,227 shares of the financial services provider’s stock worth $1,989,000 after purchasing an additional 28,648 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in 1st Source in the 3rd quarter worth approximately $1,713,000. Barclays PLC lifted its holdings in shares of 1st Source by 162.2% during the third quarter. Barclays PLC now owns 41,525 shares of the financial services provider’s stock worth $2,487,000 after buying an additional 25,687 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of 1st Source by 36.8% in the third quarter. JPMorgan Chase & Co. now owns 91,019 shares of the financial services provider’s stock valued at $5,450,000 after acquiring an additional 24,470 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of 1st Source by 152.7% in the third quarter. Jane Street Group LLC now owns 35,169 shares of the financial services provider’s stock worth $2,106,000 after acquiring an additional 21,254 shares during the last quarter. Institutional investors own 74.45% of the company’s stock.

1st Source Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $1.44 annualized dividend and a yield of 2.33%. 1st Source’s dividend payout ratio (DPR) is currently 26.87%.

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.