Alert: Positive Investment/Fundamental Signals (12/14/23)-1st Source Corp (NASDAQ: SRCE)


1st Source Corp (NASDAQ: SRCE). Extremely significant positive changes in investment behavior have recently occurred: the stock rose on very heavy volume, and positive upside/downside volume developed.

Recent important positive changes in fundamentals have benefitted 1st Source Corp (NASDAQ: SRCE): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

SRCE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

1st Source has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. 1st Source has a neutral Appreciation Score of 56 but a good Power Rating of 80, triggering the Positive Value Trend Rating.

Recent Price Action

On 12/14/23, 1st Source Corp (NASDAQ: SRCE) stock increased 1.3%, closing at $54.25. Moreover, this advance was accompanied by exceptionally high trading volume at 341% of normal. The stock has risen 9.0% during the last week and has been strong relative to the market over the last nine months.

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