DA Davidson Predicts 1st Source’s Q2 Earnings (NASDAQ:SRCE)

1st Source Co. (NASDAQ:SRCE) – Equities researchers at DA Davidson issued their Q2 2025 earnings estimates for 1st Source in a research report issued on Monday, April 28th. DA Davidson analyst P. Winter expects that the financial services provider will post earnings per share of $1.47 for the quarter. The consensus estimate for 1st Source’s current full-year earnings is $5.82 per share. DA Davidson also issued estimates for 1st Source’s FY2025 earnings at $5.96 EPS and FY2026 earnings at $5.98 EPS.

1st Source (NASDAQ:SRCE) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.16. The company had revenue of $104.04 million during the quarter, compared to the consensus estimate of $100.97 million. 1st Source had a net margin of 23.10% and a return on equity of 11.92%.

SRCE has been the subject of several other research reports. Keefe, Bruyette & Woods raised their price target on shares of 1st Source from $67.00 to $69.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Piper Sandler raised their price target on shares of 1st Source from $72.50 to $75.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of 1st Source in a research report on Thursday, April 24th.

1st Source Price Performance

Shares of SRCE opened at $60.05 on Tuesday. The company has a market capitalization of $1.47 billion, a P/E ratio of 11.20 and a beta of 0.67. 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 50 day moving average of $59.49 and a 200 day moving average of $61.05. 1st Source has a twelve month low of $48.97 and a twelve month high of $68.13.

1st Source Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.52 annualized dividend and a yield of 2.53%. This is a boost from 1st Source’s previous quarterly dividend of $0.36. 1st Source’s dividend payout ratio (DPR) is currently 26.71%.

Institutional Investors Weigh In On 1st Source

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in 1st Source in the fourth quarter worth approximately $40,000. Financial Life Planners purchased a new position in shares of 1st Source during the 4th quarter worth $48,000. Jones Financial Companies Lllp boosted its stake in shares of 1st Source by 61.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,222 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 465 shares during the last quarter. Picton Mahoney Asset Management boosted its stake in shares of 1st Source by 105.6% during the 4th quarter. Picton Mahoney Asset Management now owns 1,902 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 977 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its stake in shares of 1st Source by 14.3% during the 4th quarter. Aquatic Capital Management LLC now owns 2,515 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 74.45% of the company’s stock.

1st Source Company Profile

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.