<div id="readability-page-1"><p>1st Source Corporation (NASDAQ:SRCE - Get Free Report) VP John Griffith sold 1,900 shares of 1st Source stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $66.01, for a total transaction of $125,419.00. Following the sale, the vice president directly owned 65,976 shares of the company's stock, valued at approximately $4,355,075.76. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.</p><h2>1st Source Stock Down 0.7%</h2><p>1st Source stock traded down $0.45 during midday trading on Thursday, reaching $65.81. The company's stock had a trading volume of 56,491 shares, compared to its average volume of 89,474. The business has a 50-day simple moving average of $61.04 and a 200-day simple moving average of $61.78. The company has a market cap of $1.61 billion, a P/E ratio of 10.95 and a beta of 0.66. 1st Source Corporation has a fifty-two week low of $52.14 and a fifty-two week high of $67.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.08. </p><p>1st Source (NASDAQ:SRCE - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.12. 1st Source had a return on equity of 12.25% and a net margin of 24.97%.The firm had revenue of $110.26 million during the quarter, compared to the consensus estimate of $109.46 million.  On average, research analysts expect that  1st Source Corporation will post 5.82 earnings per share for the current fiscal year. </p><h2>1st Source Increases Dividend</h2><p>The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Tuesday, November 4th were issued a dividend of $0.40 per share. This is an increase from 1st Source's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, November 4th. 1st Source's dividend payout ratio  is currently 26.62%. </p><h2>Institutional Trading of 1st Source</h2><p>Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of  1st Source by 15.2% in the first quarter. Vanguard Group Inc. now owns 1,068,094 shares of the financial services provider's stock valued at $63,883,000 after acquiring an additional 140,698 shares during the period.  Nuveen LLC acquired a new position in  1st Source during the 1st quarter valued at $7,012,000.  Hotchkis &amp; Wiley Capital Management LLC boosted its holdings in  1st Source by 157.4% in the 1st quarter. Hotchkis &amp; Wiley Capital Management LLC now owns 151,497 shares of the financial services provider's stock valued at $9,061,000 after purchasing an additional 92,650 shares during the period.  UBS Group AG grew its position in  1st Source by 54.9% in the 3rd quarter. UBS Group AG now owns 243,630 shares of the financial services provider's stock worth $14,998,000 after purchasing an additional 86,322 shares during the last quarter.  Finally, American Century Companies Inc. increased its holdings in shares of  1st Source by 30.7% during the 3rd quarter. American Century Companies Inc. now owns 339,338 shares of the financial services provider's stock worth $20,890,000 after purchasing an additional 79,614 shares during the period. Institutional investors and hedge funds own  74.45% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>A number of equities research analysts have recently issued reports on the stock. DA Davidson lifted their price target on shares of 1st Source from $67.00 to $69.00 and gave the company a &#34;neutral&#34; rating in a research report on Tuesday, October 28th. Weiss Ratings  reiterated a &#34;buy (b)&#34; rating on shares of 1st Source in a report on Monday. Finally, Zacks Research downgraded 1st Source from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned  a Hold rating to the company's stock. According to data from MarketBeat, 1st Source currently has a consensus rating of &#34;Hold&#34; and a consensus price target of $72.67.</p><p><b>Read Our Latest Stock Analysis on 1st Source</b></p><h2>1st Source Company Profile</h2> (Get Free Report)<p>1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.</p><h2>Read More</h2><ul><li>Five stocks we like better than 1st Source</li><li>What is the Shanghai Stock Exchange Composite Index?</li><li>The Quantum Fleet: Investing in the New Quantum Standard</li><li>What Are Dividend Challengers?</li><li>AST SpaceMobile Gears Up for Its BlueBird 6 Launch Next Week</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>AI &amp; Quantum's Next Big Winners: 3 Small-Cap Stocks to Watch in 2026</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in 1st Source Right Now?</h2><p>Before you consider 1st Source, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and 1st Source wasn't on the list.</p><p>While 1st Source currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SRCE

<p>1st Source Corporation VP John Griffith sold 1,900 shares for $125,419, reducing his ownership by 2.80%. The stock sale was disclosed in an SEC filing. Following the transaction, Griffith owns 65,976 shares valued at $4,355,075.76. The company's stock decreased by 0.7% to $65.81. 1st Source recently reported strong quarterly earnings and increased its dividend. Institutional investors have adjusted their stakes, and analysts have set new price targets, with a consensus rating of 'Hold.'</p>

1st Source (NASDAQ:SRCE) VP Sells $125,419.00 in Stock