1st Source (SRCE) Stock Forecast, Price Target & Predictions
SRCE Stock Forecast
1st Source stock forecast is as follows: an average price target of $62.00 (represents a 4.54% upside from SRCE’s last price of $59.31) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.
SRCE Price Target
The average price target for 1st Source (SRCE) is $62.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $62.00 to $62.00. This represents a potential 4.54% upside from SRCE's last price of $59.31.
SRCE Analyst Ratings
According to 1 Wall Street analysts, 1st Source's rating consensus is 'Hold'. The analyst rating breakdown for SRCE stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
1st Source Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 31, 2024 | Peter Winter | D.A. Davidson | $62.00 | $64.53 | -3.92% | 4.54% |
| Apr 29, 2024 | Nathan Race | Piper Sandler | $60.00 | $50.56 | 18.67% | 1.16% |
The latest 1st Source stock forecast, released on Jul 31, 2024 by Peter Winter from D.A. Davidson, set a price target of $62.00, which represents a -3.92% decrease from the stock price at the time of the forecast ($64.53), and a 4.54% increase from SRCE last price ($59.31).
1st Source Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $61.00 |
| Last Closing Price | $59.31 | $59.31 | $59.31 |
| Upside/Downside | -100.00% | -100.00% | 2.85% |
In the current month, the average price target of 1st Source stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to 1st Source's last price of $59.31. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 29, 2024 | Piper Sandler | Overweight | Neutral | Downgrade |
| Apr 29, 2024 | Piper Sandler | Overweight | Overweight | Hold |
1st Source's last stock rating was published by Piper Sandler on Jul 29, 2024. The company Downgrade its SRCE rating from "Overweight" to "Neutral".
1st Source Financial Forecast
1st Source Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $107.33M | - | $92.89M | $94.73M | $90.94M | $86.29M | $82.76M | $83.89M | $87.72M | $81.83M | $83.28M | $88.09M | $82.91M | $79.24M | $79.47M | $80.87M | $82.96M |
| Avg Forecast | $100.24M | $99.42M | $97.01M | $95.92M | $99.39M | $98.67M | $97.43M | $96.04M | $97.65M | $97.53M | $94.84M | $93.00M | $91.30M | $89.74M | $91.54M | $92.97M | $94.20M | $88.32M | $85.39M | $82.05M | $85.31M | $82.53M | $83.15M | $82.97M | $81.37M | $79.90M | $77.63M | $78.33M | $82.00M | $82.07M |
| High Forecast | $100.98M | $100.16M | $97.73M | $96.64M | $100.13M | $99.40M | $98.15M | $96.75M | $98.37M | $97.53M | $95.55M | $93.69M | $91.98M | $90.41M | $92.22M | $93.66M | $94.90M | $88.32M | $85.39M | $82.05M | $85.31M | $82.53M | $83.15M | $82.97M | $81.37M | $79.90M | $77.63M | $78.33M | $82.00M | $82.07M |
| Low Forecast | $99.48M | $98.67M | $96.28M | $95.21M | $98.65M | $97.93M | $96.70M | $95.32M | $96.91M | $97.52M | $94.13M | $92.30M | $90.61M | $89.07M | $90.85M | $92.27M | $93.49M | $88.32M | $85.39M | $82.05M | $85.31M | $82.53M | $83.15M | $82.97M | $81.37M | $79.90M | $77.63M | $78.33M | $82.00M | $82.07M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 9 | 9 | 13 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | - | 1.00% | 1.01% | 1.03% | 1.01% | 1.01% | 0.98% | 1.06% | 0.98% | 1.00% | 1.08% | 1.04% | 1.02% | 1.01% | 0.99% | 1.01% |
1st Source's average Quarter revenue forecast for Dec 23 based on 2 analysts is $91.30M, with a low forecast of $90.61M, and a high forecast of $91.98M. SRCE's average Quarter revenue forecast represents a -14.93% decrease compared to the company's last Quarter revenue of $107.33M (Sep 23).
1st Source EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 9 | 9 | 13 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $42.67M | - | $69.47M | $58.94M | $54.43M | $47.64M | $42.97M | $44.65M | $52.87M | $51.00M | $48.48M | $48.32M | $42.08M | $41.82M | $42.39M | $53.67M | $55.61M |
| Avg Forecast | $36.36M | $36.07M | $35.19M | $34.80M | $36.06M | $35.79M | $35.35M | $34.84M | $35.42M | $35.38M | $34.41M | $45.63M | $33.12M | $32.56M | $33.21M | $41.48M | $50.40M | $33.58M | $32.46M | $37.71M | $32.43M | $31.38M | $31.61M | $37.04M | $30.93M | $30.38M | $29.51M | $50.00M | $31.17M | $31.20M |
| High Forecast | $36.64M | $36.34M | $35.46M | $35.06M | $36.33M | $36.06M | $35.61M | $35.10M | $35.69M | $35.38M | $34.66M | $54.76M | $33.37M | $32.80M | $33.46M | $49.78M | $60.48M | $33.58M | $32.46M | $45.25M | $32.43M | $31.38M | $31.61M | $44.45M | $30.93M | $30.38M | $29.51M | $60.00M | $31.17M | $31.20M |
| Low Forecast | $36.09M | $35.80M | $34.93M | $34.54M | $35.79M | $35.53M | $35.08M | $34.58M | $35.16M | $35.38M | $34.15M | $36.50M | $32.87M | $32.31M | $32.96M | $33.18M | $40.32M | $33.58M | $32.46M | $30.17M | $32.43M | $31.38M | $31.61M | $29.63M | $30.93M | $30.38M | $29.51M | $40.00M | $31.17M | $31.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.31% | - | 1.67% | 1.17% | 1.62% | 1.47% | 1.14% | 1.38% | 1.68% | 1.61% | 1.31% | 1.56% | 1.39% | 1.42% | 0.85% | 1.72% | 1.78% |
2 analysts predict SRCE's average Quarter EBITDA for Dec 23 to be $33.12M, with a high of $33.37M and a low of $32.87M. This is -22.37% lower than 1st Source's previous annual EBITDA (Sep 23) of $42.67M.
1st Source Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 9 | 9 | 13 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $32.94M | - | $31.12M | $31.07M | $32.74M | $29.31M | $27.39M | $27.73M | $32.48M | $30.22M | $28.11M | $26.46M | $20.06M | $18.50M | $16.41M | $21.94M | $24.44M |
| Avg Forecast | $32.60M | $32.11M | $30.64M | $29.66M | $33.18M | $32.85M | $32.11M | $30.97M | $32.60M | $32.77M | $29.83M | $29.08M | $28.27M | $26.97M | $27.13M | $26.44M | $31.30M | $28.50M | $25.97M | $24.04M | $27.84M | $26.13M | $25.11M | $21.47M | $17.31M | $17.72M | $13.88M | $19.36M | $21.88M | $21.72M |
| High Forecast | $32.92M | $32.42M | $30.94M | $29.95M | $33.50M | $33.17M | $32.42M | $31.27M | $33.80M | $32.89M | $31.37M | $34.90M | $28.55M | $27.23M | $28.18M | $31.73M | $37.56M | $29.82M | $27.12M | $28.84M | $27.84M | $26.13M | $25.28M | $25.77M | $17.31M | $17.72M | $13.88M | $23.23M | $21.88M | $21.72M |
| Low Forecast | $32.29M | $31.80M | $30.34M | $29.37M | $32.85M | $32.53M | $31.80M | $30.67M | $31.17M | $32.65M | $28.28M | $23.27M | $28.00M | $26.70M | $26.08M | $21.15M | $25.04M | $27.17M | $24.81M | $19.23M | $27.84M | $26.13M | $24.94M | $17.18M | $17.31M | $17.72M | $13.88M | $15.49M | $21.88M | $21.72M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | - | 1.18% | 0.99% | 1.15% | 1.13% | 1.14% | 1.00% | 1.24% | 1.20% | 1.31% | 1.53% | 1.13% | 1.33% | 0.85% | 1.00% | 1.13% |
1st Source's average Quarter net income forecast for Dec 23 is $28.27M, with a range of $28.00M to $28.55M. SRCE's average Quarter net income forecast represents a -14.17% decrease compared to the company's last Quarter net income of $32.94M (Sep 23).
1st Source SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 9 | 9 | 13 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.96M | - | $31.93M | $36.07M | $34.54M | $33.53M | $32.79M | $31.78M | $33.26M | $29.06M | $28.33M | $30.39M | $28.70M | $27.11M | $27.68M | $29.21M | $28.18M |
| Avg Forecast | $35.54M | $35.25M | $34.40M | $34.02M | $35.24M | $34.99M | $34.55M | $34.06M | $34.63M | $34.58M | $33.63M | $34.82M | $32.37M | $31.82M | $32.46M | $31.66M | $35.88M | $29.64M | $28.66M | $28.78M | $28.63M | $27.70M | $27.91M | $21.65M | $27.31M | $26.82M | $26.05M | $32.65M | $27.52M | $27.54M |
| High Forecast | $35.81M | $35.52M | $34.66M | $34.27M | $35.51M | $35.25M | $34.81M | $34.31M | $34.88M | $34.59M | $33.88M | $41.78M | $32.62M | $32.06M | $32.70M | $37.99M | $43.06M | $29.64M | $28.66M | $34.53M | $28.63M | $27.70M | $27.91M | $25.98M | $27.31M | $26.82M | $26.05M | $39.18M | $27.52M | $27.54M |
| Low Forecast | $35.28M | $34.99M | $34.14M | $33.76M | $34.98M | $34.72M | $34.29M | $33.80M | $34.37M | $34.58M | $33.38M | $27.86M | $32.13M | $31.58M | $32.22M | $25.32M | $28.70M | $29.64M | $28.66M | $23.02M | $28.63M | $27.70M | $27.91M | $17.32M | $27.31M | $26.82M | $26.05M | $26.12M | $27.52M | $27.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.09% | - | 1.01% | 1.01% | 1.17% | 1.17% | 1.14% | 1.11% | 1.20% | 1.04% | 1.31% | 1.11% | 1.07% | 1.04% | 0.85% | 1.06% | 1.02% |
1st Source's average Quarter SG&A projection for Dec 23 is $32.37M, based on 2 Wall Street analysts, with a range of $32.13M to $32.62M. The forecast indicates a 992.25% rise compared to SRCE last annual SG&A of $2.96M (Sep 23).
1st Source EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 9 | 9 | 13 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.34 | - | $1.25 | $1.25 | $1.32 | $1.18 | $1.10 | $1.12 | $1.29 | $1.19 | $1.10 | $1.03 | $0.78 | $0.72 | $0.64 | $0.86 | $0.95 |
| Avg Forecast | $1.33 | $1.31 | $1.25 | $1.21 | $1.35 | $1.34 | $1.31 | $1.26 | $1.33 | $1.34 | $1.22 | $1.14 | $1.15 | $1.10 | $1.11 | $1.25 | $1.28 | $1.16 | $1.06 | $0.98 | $1.14 | $1.07 | $1.02 | $0.88 | $0.71 | $0.72 | $0.57 | $0.78 | $0.89 | $0.89 |
| High Forecast | $1.34 | $1.32 | $1.26 | $1.22 | $1.37 | $1.35 | $1.32 | $1.28 | $1.38 | $1.34 | $1.28 | $1.14 | $1.16 | $1.11 | $1.15 | $1.26 | $1.30 | $1.22 | $1.11 | $0.98 | $1.14 | $1.07 | $1.03 | $0.88 | $0.71 | $0.72 | $0.57 | $0.78 | $0.89 | $0.89 |
| Low Forecast | $1.32 | $1.30 | $1.24 | $1.20 | $1.34 | $1.33 | $1.30 | $1.25 | $1.27 | $1.33 | $1.15 | $1.14 | $1.14 | $1.09 | $1.06 | $1.24 | $1.27 | $1.11 | $1.01 | $0.98 | $1.14 | $1.07 | $1.02 | $0.88 | $0.71 | $0.72 | $0.57 | $0.78 | $0.89 | $0.89 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | - | 1.00% | 0.97% | 1.13% | 1.11% | 1.12% | 0.99% | 1.21% | 1.16% | 1.25% | 1.46% | 1.08% | 1.27% | 0.82% | 0.96% | 1.07% |
According to 2 Wall Street analysts, 1st Source's projected average Quarter EPS for Dec 23 is $1.15, with a low estimate of $1.14 and a high estimate of $1.16. This represents a -13.93% decrease compared to SRCE previous annual EPS of $1.34 (Sep 23).
1st Source Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HTBI | HomeTrust Bancshares | $36.35 | $42.00 | 15.54% | Buy |
| FNWB | First Northwest Bancorp | $10.36 | $11.00 | 6.18% | Hold |
| HBCP | Home Bancorp | $48.80 | $50.00 | 2.46% | Buy |
| COFS | ChoiceOne Financial Services | $36.26 | $37.00 | 2.04% | |
| BSVN | Bank7 | $45.10 | $46.00 | 2.00% | Buy |
| HFWA | Heritage Financial | $25.67 | $26.00 | 1.29% | Hold |
| SRCE | 1st Source | $62.39 | $62.00 | -0.63% | Hold |
| FSBW | FS Bancorp | $45.06 | $44.00 | -2.35% | |
| GSBC | Great Southern Bancorp | $64.79 | $62.00 | -4.31% | Hold |
| CIVB | Civista Bancshares | $22.49 | $21.00 | -6.63% | Buy |
| FCCO | First Community | $25.95 | $21.00 | -19.08% | Buy |