1st Source (SRCE) Stock Forecast, Price Target & Predictions
SRCE Stock Forecast
1st Source stock forecast is as follows: an average price target of $61.00 (represents a 2.80% upside from SRCE’s last price of $59.34) 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 2.80% upside from SRCE's last price of $59.34.
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% | 4.48% |
| Apr 29, 2024 | Nathan Race | Piper Sandler | $60.00 | $50.56 | 18.67% | 1.11% |
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 4.48% increase from SRCE last price ($59.34).
1st Source Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $62.00 | $61.00 |
| Last Closing Price | $59.34 | $59.34 | $59.34 |
| Upside/Downside | -100.00% | 4.48% | 2.80% |
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 $59.34. This month's average price target is down -100.00% 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $107.33M | - | $92.89M | $94.73M | $90.94M | - | $82.76M | $83.89M | $87.72M | $81.83M | $83.28M | $88.09M | $82.91M | $79.24M | $79.47M | $80.87M | $82.96M | $82.09M | $79.07M | $80.00M | $78.42M |
| Avg Forecast | $99.81M | $99.38M | $97.61M | $96.55M | $97.96M | $97.51M | $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 | $80.53M | $79.67M | $83.91M | $91.83M |
| High Forecast | $100.24M | $99.81M | $98.03M | $96.96M | $98.38M | $97.93M | $95.25M | $93.40M | $91.69M | $90.13M | $91.94M | $93.37M | $94.60M | $88.70M | $85.39M | $82.84M | $86.13M | $83.33M | $83.95M | $83.77M | $82.15M | $80.67M | $78.38M | $79.09M | $82.79M | $82.86M | $81.31M | $80.43M | $100.69M | $110.20M |
| Low Forecast | $99.51M | $99.09M | $97.32M | $96.26M | $97.67M | $97.22M | $94.56M | $92.72M | $91.03M | $89.48M | $91.27M | $92.69M | $93.92M | $88.05M | $85.39M | $80.95M | $84.17M | $81.43M | $82.04M | $81.86M | $80.28M | $78.83M | $76.60M | $77.29M | $80.91M | $80.97M | $79.46M | $78.60M | $67.12M | $73.47M |
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.20% | - | 1.00% | 1.01% | 1.03% | - | 1.01% | 0.98% | 1.06% | 0.98% | 1.00% | 1.08% | 1.04% | 1.02% | 1.01% | 0.99% | 1.01% | 1.02% | 0.99% | 0.95% | 0.85% |
1st Source's average Quarter revenue forecast for Dec 23 based on 2 analysts is $91.30M, with a low forecast of $91.03M, and a high forecast of $91.69M. 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | $42.67M | - | $69.47M | $58.94M | $54.43M | - | $42.97M | $44.65M | $52.87M | $51.00M | $48.48M | $48.32M | $42.08M | $41.82M | $42.39M | $53.67M | $55.61M | $53.85M | $51.25M | $48.55M | $44.58M |
| Avg Forecast | $37.95M | $37.78M | $37.11M | $36.70M | $37.24M | $37.07M | $36.06M | $45.63M | $34.71M | $34.12M | $34.80M | $41.48M | $35.81M | $45.54M | $32.46M | $37.71M | $45.82M | $41.40M | $44.75M | $37.04M | $29.20M | $38.57M | $30.82M | $50.00M | $55.48M | $51.86M | $52.64M | $50.64M | $50.81M | $51.09M |
| High Forecast | $38.11M | $37.95M | $37.27M | $36.86M | $37.40M | $37.23M | $36.21M | $54.76M | $34.86M | $34.26M | $34.95M | $49.78M | $35.96M | $54.64M | $32.46M | $45.25M | $54.98M | $49.68M | $53.70M | $44.45M | $35.03M | $46.28M | $36.98M | $60.00M | $66.57M | $62.24M | $63.17M | $60.77M | $60.97M | $61.31M |
| Low Forecast | $37.83M | $37.67M | $37.00M | $36.60M | $37.13M | $36.96M | $35.95M | $36.50M | $34.61M | $34.02M | $34.70M | $33.18M | $35.70M | $36.43M | $32.46M | $30.17M | $36.66M | $33.12M | $35.80M | $29.63M | $23.36M | $30.86M | $24.65M | $40.00M | $44.38M | $41.49M | $42.12M | $40.51M | $40.65M | $40.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.25% | - | 1.67% | 1.65% | 1.20% | - | 1.14% | 0.97% | 1.28% | 1.14% | 1.31% | 1.66% | 1.09% | 1.36% | 0.85% | 0.97% | 1.07% | 1.02% | 1.01% | 0.96% | 0.87% |
2 analysts predict SRCE's average Quarter EBITDA for Dec 23 to be $34.71M, with a high of $34.86M and a low of $34.61M. This is -18.65% lower than 1st Source's previous annual EBITDA (Sep 23) of $42.67M.
1st Source Net Income Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | $32.94M | - | $31.12M | $31.07M | $32.74M | - | $27.39M | $27.73M | $32.48M | $30.22M | $28.11M | $26.46M | $20.06M | $18.50M | $16.41M | $21.94M | $24.44M | $23.39M | $22.20M | $21.45M | $19.89M |
| Avg Forecast | $32.17M | $31.93M | $31.27M | $30.05M | $32.01M | $32.50M | $29.80M | $29.08M | $28.25M | $26.95M | $27.11M | $26.44M | $31.44M | $27.98M | $25.93M | $24.04M | $28.45M | $25.43M | $26.52M | $21.47M | $15.99M | $18.39M | $13.63M | $19.36M | $22.68M | $22.79M | $22.86M | $21.93M | $22.44M | $22.79M |
| High Forecast | $32.35M | $32.10M | $31.45M | $30.22M | $32.19M | $33.71M | $29.97M | $34.90M | $28.41M | $27.10M | $27.26M | $31.73M | $31.61M | $33.57M | $25.93M | $28.84M | $34.14M | $30.52M | $31.82M | $25.77M | $19.19M | $22.06M | $16.36M | $23.23M | $27.22M | $27.35M | $27.43M | $26.32M | $26.93M | $27.35M |
| Low Forecast | $32.05M | $31.80M | $31.15M | $29.93M | $31.88M | $31.28M | $29.69M | $23.27M | $28.14M | $26.84M | $27.00M | $21.15M | $31.31M | $22.38M | $25.93M | $19.23M | $22.76M | $20.35M | $21.21M | $17.18M | $12.79M | $14.71M | $10.91M | $15.49M | $18.14M | $18.23M | $18.29M | $17.55M | $17.95M | $18.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.22% | - | 1.18% | 0.99% | 1.17% | - | 1.14% | 0.97% | 1.28% | 1.14% | 1.31% | 1.66% | 1.09% | 1.36% | 0.85% | 0.97% | 1.07% | 1.02% | 1.01% | 0.96% | 0.87% |
1st Source's average Quarter net income forecast for Dec 23 is $28.25M, with a range of $28.14M to $28.41M. SRCE's average Quarter net income forecast represents a -14.23% decrease compared to the company's last Quarter net income of $32.94M (Sep 23).
1st Source SG&A Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | $2.96M | - | $31.93M | $36.07M | $34.54M | - | $32.79M | $31.78M | $33.26M | $29.06M | $28.33M | $30.39M | $28.70M | $27.11M | $27.68M | $29.21M | $28.18M | $27.68M | $26.58M | $27.95M | $27.32M |
| Avg Forecast | $33.50M | $33.35M | $32.76M | $32.40M | $32.88M | $32.73M | $31.83M | $34.82M | $30.64M | $30.12M | $30.72M | $31.66M | $31.61M | $28.65M | $28.66M | $28.78M | $32.62M | $26.04M | $25.50M | $21.65M | $18.36M | $26.31M | $19.98M | $32.65M | $30.19M | $26.28M | $27.06M | $26.27M | $29.25M | $31.31M |
| High Forecast | $33.64M | $33.50M | $32.90M | $32.54M | $33.02M | $32.87M | $31.97M | $41.78M | $30.77M | $30.25M | $30.85M | $37.99M | $31.75M | $34.38M | $28.66M | $34.53M | $39.14M | $31.25M | $30.60M | $25.98M | $22.03M | $31.58M | $23.97M | $39.18M | $36.23M | $31.54M | $32.47M | $31.52M | $35.09M | $37.57M |
| Low Forecast | $33.40M | $33.26M | $32.66M | $32.31M | $32.78M | $32.63M | $31.74M | $27.86M | $30.55M | $30.03M | $30.63M | $25.32M | $31.52M | $22.92M | $28.66M | $23.02M | $26.09M | $20.84M | $20.40M | $17.32M | $14.69M | $21.05M | $15.98M | $26.12M | $24.15M | $21.02M | $21.65M | $21.02M | $23.40M | $25.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.10% | - | 1.01% | 1.14% | 1.21% | - | 1.14% | 0.97% | 1.28% | 1.14% | 1.31% | 1.66% | 1.09% | 1.36% | 0.85% | 0.97% | 1.07% | 1.02% | 1.01% | 0.96% | 0.87% |
1st Source's average Quarter SG&A projection for Dec 23 is $30.64M, based on 2 Wall Street analysts, with a range of $30.55M to $30.77M. The forecast indicates a 933.74% rise compared to SRCE last annual SG&A of $2.96M (Sep 23).
1st Source EPS Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | $1.34 | - | $1.25 | $1.25 | $1.32 | - | $1.10 | $1.12 | $1.29 | $1.19 | $1.10 | $1.03 | $0.78 | $0.72 | $0.64 | $0.86 | $0.95 | $0.91 | $0.86 | $0.82 | $0.76 |
| Avg Forecast | $1.31 | $1.30 | $1.28 | $1.23 | $1.31 | $1.33 | $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 | $0.89 | $0.85 | $0.90 | $1.02 |
| High Forecast | $1.32 | $1.31 | $1.28 | $1.23 | $1.31 | $1.38 | $1.22 | $1.14 | $1.16 | $1.11 | $1.11 | $1.26 | $1.29 | $1.17 | $1.06 | $1.00 | $1.15 | $1.08 | $1.04 | $0.89 | $0.72 | $0.73 | $0.57 | $0.79 | $0.90 | $0.90 | $0.90 | $0.86 | $1.08 | $1.22 |
| Low Forecast | $1.31 | $1.30 | $1.27 | $1.22 | $1.30 | $1.28 | $1.21 | $1.13 | $1.15 | $1.10 | $1.10 | $1.25 | $1.28 | $1.16 | $1.06 | $0.97 | $1.12 | $1.05 | $1.01 | $0.87 | $0.69 | $0.71 | $0.56 | $0.77 | $0.88 | $0.87 | $0.87 | $0.84 | $0.72 | $0.82 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.22% | - | 1.00% | 0.97% | 1.13% | - | 1.12% | 0.99% | 1.21% | 1.16% | 1.25% | 1.46% | 1.08% | 1.27% | 0.82% | 0.96% | 1.07% | 1.03% | 1.01% | 0.91% | 0.75% |
According to 2 Wall Street analysts, 1st Source's projected average Quarter EPS for Dec 23 is $1.15, with a low estimate of $1.15 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 |
|---|---|---|---|---|---|
| CIVB | Civista Bancshares | $17.41 | $27.00 | 55.08% | Buy |
| HTBI | HomeTrust Bancshares | $35.29 | $42.00 | 19.01% | Buy |
| FNWB | First Northwest Bancorp | $10.82 | $11.50 | 6.28% | Hold |
| SRCE | 1st Source | $59.34 | $61.00 | 2.80% | Hold |
| FSBW | FS Bancorp | $44.50 | $44.00 | -1.12% | - |
| FCCO | First Community | $21.94 | $21.00 | -4.28% | 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 2.80% from its last price of $59.34. 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 up by 2.80% (from the last price of $59.34 to the average price target of $61), up by 4.48% based on the highest stock price target, and up by 1.11% based on the lowest stock price target.
Can 1st Source stock reach $90?
SRCE's average twelve months analyst stock price target of $61 does not support the claim that 1st Source can reach $90 in the near future.
What are 1st Source's analysts' financial forecasts?
1st Source's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $383.31M (high $384.96M, low $382.17M), average EBITDA is $156M (high $165.6M, low $146.54M), average net income is $123.39M (high $130.77M, low $116.12M), average SG&A $132.25M (high $139.64M, low $125M), and average EPS is $4.99 (high $5.06, low $4.92). SRCE's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $393.35M (high $395.04M, low $392.18M), average EBITDA is $149.54M (high $150.18M, low $149.1M), average net income is $125.42M (high $126.12M, low $124.93M), average SG&A $132.01M (high $132.58M, low $131.62M), and average EPS is $5.12 (high $5.15, low $5.1).
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 $151.52M by 30.10%. The company's net income was $120.51M, beating the average estimation of $109.38M by 10.18%. Apple's SG&A was $136.93M, beating the average forecast of $117.7M by 16.34%. 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 $34.12M by 25.06%. 1st Source's net income was $32.94M, beating the average estimation of $26.95M by 22.25%. The company's SG&A was $2.96M, missing the average forecast of $30.12M by -90.16%. Lastly, the company's EPS was $1.34, beating the average prediction of $1.1 by 21.82%