1st Source Hits New 1-Year High, Analysts Weigh In

Should investors buy the regional bank's stock after its recent surge?

Apr. 17, 2026 at 9:58pm

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An extreme close-up of polished, intricate banking machinery and mechanisms in shades of steel grey, bronze, and chrome, conceptually representing the secure foundations of the financial system.The new 52-week high for 1st Source's stock price reflects the bank's operational strength and the positive outlook from analysts, though investors should carefully evaluate the company's fundamentals.South Bend Today

1st Source Corporation (NASDAQ:SRCE), a regional bank headquartered in South Bend, Indiana, saw its stock price reach a new 52-week high during trading on Friday. The stock closed at $75.26, up from $72.54 the previous day, on volume of 42,574 shares.

Why it matters

The stock's new high comes as analysts have issued a range of ratings and price targets on 1st Source, with some seeing further upside and others taking a more cautious stance. The bank's performance is closely watched as an indicator of the health of the regional banking sector and the broader economy in its Midwest markets.

The details

Several research analysts have recently weighed in on 1st Source's stock. Weiss Ratings upgraded the shares from "buy (b+)" to "buy (a-)" on April 6th. DA Davidson lifted its price target from $69 to $74 and maintained a "neutral" rating on January 28th. Piper Sandler boosted its target from $80 to $83 and reiterated an "overweight" rating on January 26th. Overall, the stock has a "Moderate Buy" consensus rating with an average target price of $75.33.

  • 1st Source's stock reached a new 52-week high of $75.43 during intraday trading on Friday, April 17, 2026.
  • The stock closed at $75.26 on April 17, 2026.

The players

1st Source Corporation

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.

Weiss Ratings

A research firm that upgraded 1st Source's stock from "buy (b+)" to "buy (a-)" on April 6, 2026.

DA Davidson

A research firm that lifted its price target on 1st Source from $69 to $74 and maintained a "neutral" rating on January 28, 2026.

Piper Sandler

A research firm that boosted its price target on 1st Source from $80 to $83 and reiterated an "overweight" rating on January 26, 2026.

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What’s next

Investors will be closely watching to see if 1st Source can maintain its momentum and continue trading above the $75 level in the coming weeks and months.

The takeaway

The new 52-week high for 1st Source's stock reflects the bank's strong performance and the positive sentiment among analysts, but investors should still carefully evaluate the company's fundamentals and the broader economic conditions before deciding whether to buy the shares.