Recent exceptional positive changes in investment behavior have benefitted 1st Source Corp (NASDAQ: SRCE): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
1st Source Corp (NASDAQ: SRCE) has benefited from meaningful positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would 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 C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. 1st Source has a neutral Power Rating of 51 and a slightly positive Appreciation Score of 69, and the High Neutral Value Trend Rating results.
Recent Price Action
1st Source Corp (NASDAQ: SRCE) stock enjoyed a large increase of 3.8% on 7/15/24. The stock closed at $58.96. Moreover, trading volume in this advance was exceptionally high at 256% of normal. The stock has performed in line with the market over the last nine months and has risen 12.8% during the last week.
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