Zacks downgrades 1st Source stock to Hold

Published on 10/06/2026 at 02:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 earnings per share reached USD 1.95 versus USD 1.71 expected. Analysts set a USD 89.67 target for 1st Source stock.

SRCE, US3369011032, Illustration mit AI erstellt.

1st Source stock (ISIN US3369011032) is facing a rating reset after Zacks Research moved its view from strong buy to hold, according to MarketBeat on September 30, 2026. Onvista identifies the company as 1st Source Corporation, ticker SRCE, and ISIN US3369011032 on the US market in its company profile.

Rating shifts after strong earnings

The downgrade came after 1st Source reported second-quarter 2026 earnings per share of USD 1.95, beating the USD 1.71 consensus estimate by USD 0.24, according to MarketBeat. Revenue for the same quarter reached USD 118.16 million, above the USD 114.13 million analyst estimate by USD 4.03 million.

The earnings comparison matters because the company delivered both a profit and revenue beat while the latest analyst action became more cautious. MarketBeat reported a consensus price target of USD 89.67 and a consensus rating of hold on September 30, 2026.

Dividend rises to USD 0.45

1st Source also raised its quarterly dividend to USD 0.45 per share from USD 0.43, according to MarketBeat on September 29, 2026. The source reported an annualized payout of USD 1.80 per share and a dividend yield of 2.10 percent, with the payment tied to the August 4, 2026 ex-dividend date.

The company describes itself as a regional financial services holding company. Its businesses include community banking, specialty finance, wealth advisory services and insurance, according to the 1st Source investor relations page.

52-week range frames the market view

As of September 30, 2026, 1st Source had a market capitalization of USD 2.0 billion. The Nasdaq 52-week range was USD 56.89 to USD 91.46, giving investors a clear valuation frame alongside the USD 89.67 consensus target.

The stock's latest setup combines above-consensus second-quarter results, a higher dividend and a more restrained Zacks rating. For investors, the key contrast is the USD 0.24 earnings-per-share beat against a consensus view that remains hold.