Recent extremely meaningful positive changes in fundamentals have benefitted 1st Source Corp (NASDAQ: SRCE): the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
1st Source Corp (NASDAQ: SRCE). Significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SRCE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
1st Source has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. 1st Source has a good Appreciation Score of 72 and a good Power Rating of 80, leading to the Highest Value Trend Rating.
Recent Price Action
1st Source Corp (NASDAQ: SRCE) stock closed at $51.45 on 5/3/24 after a slight decline of -0.4%. However, below average trading volume at 68% of normal accompanied the decline. The stock has risen 0.6% during the last week and has been strong relative to the market over the last nine months.
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