KBW analyst Damon Delmonte reiterated a Hold rating on 1St Source Corp (NASDAQ: SRCE) yesterday and set a price target of $54. The company’s shares closed yesterday at $57.46, close to its 52-week high of $57.87.
According to TipRanks.com, Delmonte is a 5-star analyst with an average return of 21.8% and a 91.0% success rate. Delmonte covers the Financial sector, focusing on stocks such as First Connecticut Bancorp Inc, Independent Bank Corporation, and Midwestone Financial Group.
1St Source Corp has an analyst consensus of Hold, with a price target consensus of $54.
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1St Source Corp’s market cap is currently $1.49B and has a P/E ratio of 21.12. The company has a Price to Book ratio of 2.06.
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1st Source Corp. operates as a bank holding company for 1st Source Bank. It provides financial products and services through its subsidiaries. The bank offers commercial & consumer banking services, trust & investment management services and insurance to individuals and businesses.
