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 A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SRCE is expected to continue to be a modest Value Builder.
1st Source has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. 1st Source has a good Appreciation Score of 70 and a very high Power Rating of 94, triggering the Highest Value Trend Rating.
Recent Price Action
1st Source Corp (NASDAQ: SRCE) stock closed at $49.73 on 2/26/24 after a slight gain of 0.04%. This advance was accompanied by normal trading volume. The stock has declined -4.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
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