Extremely important positive changes in fundamentals have recently occurred for 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.
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 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. 1st Source has a slightly positive Appreciation Score of 67 and a slightly positive Power Rating of 68, and the Positive Value Trend Rating results.
Recent Price Action
1st Source Corp (NASDAQ: SRCE) stock closed at $57.73 on 8/5/24 after a large decline of -5.3%. Moreover, this decline was accompanied by above average trading volume at 143% of normal. The stock has declined -11.8% during the last week and has performed in line with the market over the last nine months.
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