How to Buy 1st Source Stock
1st Source Corp
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.
1st Source stock last closed at $50.77, up 1.24% from the previous day, and has increased 15.41% in one year. It has overperformed other stocks in the Banks - Regional industry by 0 percentage points. 1st Source stock is currently +30.95% from its 52-week low of $38.77, and -10.28% from its 52-week high of $56.59.
As of Apr 23, 2024, there are 24.46M shares of SRCE outstanding. The market cap of SRCE is $1.24B. In the last 24 hours, 42,159 SRCE shares were traded.
How to Buy 1st Source Stock
Not sure how to invest in 1st Source stock? Here's how.
- Figure out where to buy 1st Source stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy 1st Source stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your method of payment and add your info.
- Evaluate 1st Source stock: The 1st Source ticker symbol is SRCE. Is 1st Source stock a good investment? Should you buy shares of SRCE? How do SRCE's underlying business fundamentals look? Do top analysts think 1st Source is a good buy? Why has SRCE's stock price moved recently? (Hint: Our stock research tools can help you figure out if SRCE is a good stock to buy).
- Execute your SRCE purchase: Decide if you will purchase SRCE shares at the current market price or use a limit order to purchase SRCE stock at a specific price.
- Keep an eye on your SRCE investment: Create a watchlist to track your investment in 1st Source shares.
Step 1: Figure out where to buy 1st Source stock
You will need an online brokerage account in order to access the NASDAQ market and buy SRCE shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global markets: From Tech to Energy, New York to Hong Kong — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal information so you are able to invest in SRCE today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new brokerage account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've filled out your info on the best stock trading app, you can securely and quickly fund your account:
Watch the tutorial below to see the process of transferring money into your investment account.
Step 4: Evaluate 1st Source stock
After you have identified the best place to buy 1st Source stock, it's important to evaluate their stock prior to investing, so you actually comprehend the risk and upside.
1st Source quick stats
1st Source Zen Score
WallStreetZen was created to help average investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SRCE's stock page.
Is SRCE stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SRCE's fair value.
Using relative valuations methods:
- SRCE may be undervalued based on its P/E ratio of 10.09x, relative to Banks - Regional industry P/E ratio of -10.89x
- SRCE could be overvalued based on its P/B ratio of 1.25x, relative to Banks - Regional industry P/B ratio of 0.99x
- SRCE may be overvalued based on its PEG ratio of 1.42x
You can access additional valuation research on SRCE's stock here.
A look at SRCE Cashflows and Balance Sheet
Positive Financial Indicators:
- SRCE earnings of $161.67M is not sufficient to cover its interest payments.
- SRCE's operating cash flow of $187.94M allows it to safely service it's debt of $419.03M.
Negative Financial Indicators:
- Total SRCE debt is higher than 5 years ago, relative to shareholder equity.
- SRCE profit margin has gone down from 35.3% to 34.4% in the past year.
- SRCE has a relatively high debt to equity ratio of 7.74.
Is 1st Source stock a Buy, Hold, or Sell, according to analysts?
Out of 1 Equities analysts who track SRCE, the consensus analyst rating on 1st Source is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the 1st Source stock forecast page.
SRCE Momentum
How are SRCE Revenues/Earnings doing?
Last year, SRCE earnings were $124.93M. In the past 5 year, SRCE's earnings have increased by 9.74% per year. This was slower than the Banks - Regional industry average of 16.34%.
Last year, SRCE revenue was $363.40M. During the past five year, SRCE's revenue has grown by 4.51% per year. This was slower than the Banks - Regional industry average of 7.34%.
Find out more about SRCE's earnings and revenue performance here.
Who is buying/selling SRCE?
In the past year, executives and large shareholders at SRCE have bought more shares than they have sold.
Jeffrey L. Buhr, Executive Vice President of SRCE, was the latest SRCE insider to sell. They sold $38,699.03 worth of SRCE stock on Mar 5, 2024.
Dig into more about who owns SRCE stock here.
Does SRCE provide a stable income stream?
1st Source pays a dividend of 2.6%, compared to the Banks - Regional industry's average dividend yield of 3.82%. If you owned $1,000 worth of SRCE stock, you would have received $26.00 in the past year.
1st Source dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about 1st Source dividend yield and history here.
What others are saying about SRCE
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your SRCE purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount, place a limit order.
Click the Open button and eToro will execute the order.
If you need additional info about buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your SRCE investment
Now that you own some shares in SRCE, you'll want to keep up with your investment.
Make a watchlist to get notified of the latest news about your SRCE stock.
SRCE Feed
How to Buy Stock in 1st Source
To summarize, here are the 6 steps to buy stock in 1st Source:
- Figure out where to buy 1st Source stock
- Create your brokerage account
- Fund your investment account
- Evaluate 1st Source stock
- Execute your SRCE purchase
- Keep an eye on your SRCE investment
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your new investment in 1st Source, hit the button below to create your watchlist.
Trending Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.