Important positive changes in 1st Source Corp (NASDAQ: SRCE) investment behavior have recently occurred: the stock rose on very heavy volume.
Recent notable positive changes in fundamentals have benefitted 1st Source Corp (NASDAQ: SRCE): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SRCE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
1st Source has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. 1st Source has a neutral Appreciation Score of 56 but a good Power Rating of 78, leading to the Positive Value Trend Rating.
Recent Price Action
On 12/1/23, 1st Source Corp (NASDAQ: SRCE) stock enjoyed a large increase of 3.4%, closing at $49.98. Moreover, this advance was accompanied by exceptionally high trading volume at 210% of normal. The stock has risen 3.5% during the last week and has been strong relative to the market over the last nine months.
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