1st Source stock falls 0.68 percent as analyst view turns cautious

Published on 10/06/2026 at 11:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

1st Source stock posted second-quarter diluted EPS of USD 1.95 on July 23, beating the USD 1.71 consensus. Revenue reached USD 118.16 million against USD 114.13 million expected.

SRCE, US3369011032, Illustration mit AI erstellt.

1st Source stock (ISIN US3369011032) closed at USD 86.26 on Nasdaq on October 5, 2026, down 0.68 percent from the prior close of USD 86.85. The latest analyst change came on September 30, 2026, when Zacks Research downgraded the stock from Strong Buy to Hold, according to MarketBeat.

Second-quarter earnings beat estimates

1st Source reported second-quarter 2026 diluted EPS of USD 1.95 on July 23, 2026, compared with the USD 1.71 consensus estimate. The result exceeded expectations by USD 0.24, giving the quarterly earnings release a clear numerical upside.

Revenue reached USD 118.16 million in the same quarter, above the USD 114.13 million estimate of USD 114.13 million, according to MarketBeat. The company also raised its quarterly dividend from USD 0.43 to USD 0.45 per share, making capital returns an additional part of the earnings story.

Analyst consensus shifts to Hold

MarketBeat lists two Buy ratings and three Hold ratings, producing a consensus label of Hold from five analysts and an average price target of USD 89.67, according to MarketBeat. That target lies 3.95 percent above the October 5 closing price of USD 86.26, leaving the consensus upside modest relative to the recent earnings beat.

Earlier analyst actions were more constructive. Piper Sandler raised its target from USD 88.00 to USD 100.00 with an Overweight rating on July 28, while Keefe, Bruyette and Woods raised its target from USD 79.00 to USD 82.00 with a Market Perform rating on July 27, both reported by MarketBeat.

Stock remains below its yearly high

SRCE has a 52-week range of USD 56.89 to USD 91.46 and a market capitalization of USD 2.1 billion as of October 5, 2026. The closing price was 5.68 percent below the 52-week high, while the stock remained 51.63 percent above the 52-week low.

1st Source Corporation operates a regional financial services business through 1st Source Bank, with commercial and consumer banking, wealth management, insurance and specialized financing. The company describes its northern Indiana and southwestern Michigan footprint on its investor-relations page.

Next earnings date is October 22

1st Source stock closed at USD 86.26 on Nasdaq on October 5, 2026, with the USD 89.67 consensus target 3.95 percent higher. The next reporting date is October 22, 2026, according to ToAlpha.