XTX Topco Ltd Has $295,000 Position in 1st Source Co. (NASDAQ:SRCE)

XTX Topco Ltd grew its stake in 1st Source Co. (NASDAQ:SRCE) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,056 shares of the financial services provider’s stock after buying an additional 606 shares during the period. XTX Topco Ltd’s holdings in 1st Source were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SRCE. Barclays PLC boosted its holdings in 1st Source by 9.8% in the fourth quarter. Barclays PLC now owns 45,593 shares of the financial services provider’s stock valued at $2,662,000 after acquiring an additional 4,068 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of 1st Source by 254.0% in the 4th quarter. Sterling Capital Management LLC now owns 7,519 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 5,395 shares during the period. Raymond James Financial Inc. bought a new stake in shares of 1st Source in the 4th quarter valued at $250,000. Martingale Asset Management L P increased its position in shares of 1st Source by 9.2% during the fourth quarter. Martingale Asset Management L P now owns 44,042 shares of the financial services provider’s stock worth $2,571,000 after buying an additional 3,719 shares during the period. Finally, Invesco Ltd. raised its stake in 1st Source by 1.3% during the fourth quarter. Invesco Ltd. now owns 37,537 shares of the financial services provider’s stock worth $2,191,000 after buying an additional 465 shares during the last quarter. 74.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on SRCE. Keefe, Bruyette & Woods upped their price target on shares of 1st Source from $67.00 to $69.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Weiss Ratings restated a “buy (b)” rating on shares of 1st Source in a research report on Thursday. Finally, Piper Sandler upgraded 1st Source from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $70.00 to $72.50 in a report on Monday, January 27th.

1st Source Price Performance

Shares of NASDAQ SRCE opened at $58.75 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 10.96 and a beta of 0.67. The firm’s 50-day moving average price is $59.77 and its 200-day moving average price is $61.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. 1st Source Co. has a 1-year low of $48.91 and a 1-year high of $68.13.

1st Source (NASDAQ:SRCE) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.16. 1st Source had a return on equity of 11.92% and a net margin of 23.10%. Equities research analysts anticipate that 1st Source Co. will post 5.82 earnings per share for the current fiscal year.

About 1st Source

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.