1st SourceSRCE
About: 1st Source Corp along with its subsidiary offers banking services. The bank provides Commercial, Agricultural, and Real Estate Loans which are given to privately owned business clients mainly located within regional market area, Consumer Services that consists of full range of consumer banking products and services, Trust and Wealth Advisory Services and Insurance services to individuals and business clients. Its Specialty Finance Group offers financing services for construction equipment, new and pre-owned private and cargo aircraft, and various vehicle types for fleet purposes.
Employees: 1,170
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,306% more call options, than puts
Call options by funds: $675K | Put options by funds: $48K
33% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 15
13% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 48
3% more funds holding
Funds holding: 147 [Q1] → 152 (+5) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0% less capital invested
Capital invested by funds: $955M [Q1] → $953M (-$2.49M) [Q2]
1.96% less ownership
Funds ownership: 74.51% [Q1] → 72.55% (-1.96%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keefe, Bruyette & Woods Damon Delmonte 57% 1-year accuracy 8 / 14 met price target | 0%upside $62 | Market Perform Reiterated | 29 Jul 2024 |
Piper Sandler Nathan Race 68% 1-year accuracy 13 / 19 met price target | 9%upside $68 | Neutral Downgraded | 29 Jul 2024 |