1st Source Corp (NASDAQ: SRCE) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.15 versus $1.25 for the same period a year ago — a decline of -8%. This result fell short of the consensus estimate of $1.15 by $-0.00. For the latest four quarters through December 31, E.P.S. were $5.03 versus $4.84 for the same period a year ago — an increase of 4%.
Recent Price Action
1st Source Corp (NASDAQ: SRCE) stock declined slightly by -0.2% on 1/18/24. The stock closed at $50.73. However, trading volume in this decline was unusually low at 65% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SRCE 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 57 but a very high Power Rating of 89, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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