1st Source Corp (NASDAQ: SRCE) is -6.20% lower on its value in year-to-date trading and has touched a low of $47.30 and a high of $68.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SRCE stock was last observed hovering at around $54.55 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $54.76, the stock is -4.55% and -10.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing 0.38% at the moment leaves the stock -9.49% off its SMA200. SRCE registered 14.23% gain for a year compared to 6-month gain of -9.74%. The firm has a 50-day simple moving average (SMA 50) of $61.2152 and a 200-day simple moving average (SMA200) of $60.5046.
The stock witnessed a -12.07% loss in the last 1 month and extending the period to 3 months gives it a -4.77%, and is 1.97% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.22% over the week and 3.52% over the month.
1st Source Corp (SRCE) has around 1205 employees, a market worth around $1.34B and $568.02M in sales. Current P/E ratio is 10.09 and Fwd P/E is 9.45. Profit margin for the company is 23.13%. Distance from 52-week low is 15.77% and -19.62% from its 52-week high. The company has generated returns on investments over the last 12 months (10.76%).
with sales reaching $100.97M over the same period.The EPS is expected to grow by 5.35% this year, but quarterly earnings will post 5.80% year-over-year. Quarterly sales are estimated to grow 7.17% in year-over-year returns.
262.0 institutions hold shares in 1st Source Corp (SRCE), with institutional investors hold 94.63% of the company’s shares. The shares outstanding are 24.52M, and float is at 18.31M with Short Float at 1.44%. Institutions hold 71.18% of the Float.
The top institutional shareholder in the company is 1ST SOURCE BANK with over 6.26 million shares valued at $335.77 million. The investor’s holdings represent 25.5642 of the SRCE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.6 million shares valued at $85.55 million to account for 6.5135 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.59 million shares representing 6.4944 and valued at over $85.17 million, while VANGUARD GROUP INC holds 3.5683 of the shares totaling 0.87 million with a market value of $46.8 million.
1st Source Corp (SRCE) Insider Activity
The most recent transaction is an insider sale by Buhr Jeffrey L, the company’s Executive Vice President. SEC filings show that Buhr Jeffrey L sold 1,000 shares of the company’s common stock on Aug 02 ’24 at a price of $59.83 per share for a total of $59830.0. Following the sale, the insider now owns 67327.0 shares.
1st Source Corp disclosed in a document filed with the SEC on Jun 06 ’24 that Buhr Jeffrey L (Executive Vice President) sold a total of 1,925 shares of the company’s common stock. The trade occurred on Jun 06 ’24 and was made at $50.84 per share for $97867.0. Following the transaction, the insider now directly holds 68327.0 shares of the SRCE stock.
Still, SEC filings show that on May 29 ’24, FITZPATRICK DANIEL B (Director) acquired 1,000 shares at an average price of $49.65 for $49650.0. The insider now directly holds 48,542 shares of 1st Source Corp (SRCE).
