1st Source (SRCE) Stock Forecast, Price Target & Predictions

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SRCE Stock Forecast

1st Source stock forecast is as follows: an average price target of $61.00 (represents a -6.18% downside from SRCE’s last price of $65.02) 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 $61.00 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 $60.00. This represents a potential -6.18% downside from SRCE's last price of $65.02.

SRCE Analyst Ratings

Hold

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%	-4.64%
Apr 29, 2024	Nathan Race	Piper Sandler	$60.00	$50.56	18.67%	-7.72%

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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 -4.64% decrease from SRCE last price ($65.02).

1st Source Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$61.00
Last Closing Price	$65.02	$65.02	$65.02
Upside/Downside	-100.00%	-100.00%	-6.18%

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 $65.02. 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

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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	$100.80M	$99.97M	$97.55M	$96.46M	$99.94M	$99.21M	$97.97M	$96.57M	$98.19M	$97.53M	$95.37M	$93.52M	$91.81M	$90.24M	$92.05M	$93.48M	$94.72M	$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	$99.67M	$98.86M	$96.46M	$95.39M	$98.83M	$98.11M	$96.88M	$95.50M	$97.10M	$97.52M	$94.31M	$92.48M	$90.78M	$89.24M	$91.03M	$92.44M	$93.67M	$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 $90.78M, and a high forecast of $91.81M. 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	$36.57M	$36.27M	$35.39M	$34.99M	$36.26M	$35.99M	$35.54M	$35.04M	$35.62M	$35.38M	$34.60M	$54.76M	$33.31M	$32.74M	$33.39M	$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	$36.16M	$35.87M	$35.00M	$34.61M	$35.86M	$35.59M	$35.15M	$34.65M	$35.23M	$35.38M	$34.21M	$36.50M	$32.94M	$32.37M	$33.02M	$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 $33.31M and a low of $32.94M. 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	$32.84M	$32.35M	$30.86M	$29.88M	$33.42M	$33.09M	$32.35M	$31.19M	$33.80M	$32.89M	$31.37M	$34.90M	$28.48M	$27.16M	$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	$32.37M	$31.88M	$30.42M	$29.45M	$32.93M	$32.61M	$31.88M	$30.74M	$31.17M	$32.65M	$28.28M	$23.27M	$28.07M	$26.77M	$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 $28.07M to $28.48M. 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	$35.74M	$35.45M	$34.59M	$34.20M	$35.44M	$35.18M	$34.74M	$34.25M	$34.82M	$34.59M	$33.82M	$41.78M	$32.55M	$32.00M	$32.64M	$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	$35.34M	$35.06M	$34.21M	$33.82M	$35.05M	$34.79M	$34.35M	$33.86M	$34.43M	$34.58M	$33.44M	$27.86M	$32.19M	$31.64M	$32.28M	$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 $32.19M to $32.55M. 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	$1.36	$1.35	$1.32	$1.27	$1.38	$1.34	$1.28	$1.14	$1.16	$1.11	$1.15	$1.26	$1.29	$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	$37.44	$42.00	12.18%	Buy
CIVB	Civista Bancshares	$22.54	$24.00	6.48%	Buy
HBCP	Home Bancorp	$48.91	$50.00	2.23%	Buy
COFS	ChoiceOne Financial Services	$36.50	$37.00	1.37%	-
HFWA	Heritage Financial	$25.79	$26.00	0.81%	Hold
FNWB	First Northwest Bancorp	$11.07	$11.00	-0.63%	Hold
GSBC	Great Southern Bancorp	$62.62	$62.00	-0.99%	Hold
BSVN	Bank7	$47.84	$46.00	-3.85%	Buy
FSBW	FS Bancorp	$46.11	$44.00	-4.58%	-
SRCE	1st Source	$65.02	$61.00	-6.18%	Hold
FCCO	First Community	$24.94	$21.00	-15.80%	Buy

SRCE Forecast FAQ

Is 1st Source a good buy?

No, according to 1 Wall Street analysts, 1st Source (SRCE) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of SRCE's total ratings.

What is SRCE's price target?

1st Source (SRCE) average price target is $61 with a range of $60 to $62, implying a -6.18% from its last price of $65.02. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will 1st Source stock go up soon?

According to Wall Street analysts' prediction for SRCE stock, the company can go down by -6.18% (from the last price of $65.02 to the average price target of $61), down by -4.64% based on the highest stock price target, and down by -7.72% based on the lowest stock price target.

Can 1st Source stock reach $100?

SRCE's average twelve months analyst stock price target of $61 does not support the claim that 1st Source can reach $100 in the near future.

What are 1st Source's analysts' financial forecasts?

1st Source's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $391.52M (high $393.7M, low $389.33M), average EBITDA is $142.04M (high $142.83M, low $141.24M), average net income is $129.11M (high $130.04M, low $128.17M), average SG&A $138.84M (high $139.61M, low $138.06M), and average EPS is $5.27 (high $5.3, low $5.23). SRCE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $392.59M (high $394.78M, low $390.39M), average EBITDA is $142.43M (high $143.22M, low $141.63M), average net income is $125.02M (high $125.93M, low $124.11M), average SG&A $139.21M (high $139.99M, low $138.43M), and average EPS is $5.1 (high $5.14, low $5.06).

Did the SRCE's actual financial results beat the analysts' financial forecasts?

Based on 1st Source's last annual report (Dec 2022), the company's revenue was $354.73M, beating the average analysts forecast of $349.95M by 1.37%. Apple's EBITDA was $197.13M, beating the average prediction of $154.15M by 27.88%. The company's net income was $120.51M, beating the average estimation of $109.8M by 9.76%. Apple's SG&A was $136.93M, beating the average forecast of $122.96M by 11.37%. Lastly, the company's EPS was $4.86, beating the average prediction of $4.49 by 8.24%. In terms of the last quarterly report (Sep 2023), 1st Source's revenue was $107.33M, beating the average analysts' forecast of $89.74M by 19.59%. The company's EBITDA was $42.67M, beating the average prediction of $32.56M by 31.05%. 1st Source's net income was $32.94M, beating the average estimation of $26.97M by 22.15%. The company's SG&A was $2.96M, missing the average forecast of $31.82M by -90.69%. Lastly, the company's EPS was $1.34, beating the average prediction of $1.1 by 21.82%