Weekly Analysts’ Ratings Updates for 1st Source (SRCE)

Several analysts have recently updated their ratings and price targets for 1st Source (NASDAQ: SRCE):

• 7/28/2026 – 1st Source was downgraded by Weiss Ratings from “buy (a-)” to “buy (b+)”.
• 7/28/2026 – 1st Source had its price target raised by Piper Sandler from $88.00 to $100.00. They now have an “overweight” rating on the stock.
• 7/28/2026 – 1st Source was upgraded by Zacks Research from “hold” to “strong-buy”.
• 7/27/2026 – 1st Source had its price target raised by Keefe, Bruyette & Woods from $79.00 to $82.00. They now have a “market perform” rating on the stock.
• 7/27/2026 – 1st Source had its price target raised by DA Davidson from $77.00 to $87.00. They now have a “neutral” rating on the stock.
• 7/2/2026 – 1st Source had its “buy (a-)” rating reaffirmed by Weiss Ratings.

1st Source Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Tuesday, August 4th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.0%. This is a boost from 1st Source’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Tuesday, August 4th. 1st Source’s payout ratio is presently 27.61%.

Insider Activity at 1st Source

In related news, CFO Brett A. Bauer sold 500 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $87.89, for a total value of $43,945.00. Following the completion of the sale, the chief financial officer owned 30,706 shares of the company’s stock, valued at $2,698,750.34. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.17% of the stock is currently owned by corporate insiders.

1st Source Corporation is a bank holding company headquartered in South Bend, Indiana, operating through its wholly owned subsidiary, 1st Source Bank. The company offers a full range of commercial and consumer banking products, including checking and savings accounts, business and commercial lending, residential mortgage loans, and cash management services. Its client base spans small and medium-sized businesses, agribusinesses, professional firms, and individual consumers primarily across northern Indiana and southwestern Michigan.

In addition to traditional banking services, 1st Source Corporation provides wealth management and trust services through its 1st Source Wealth Management division.