Piper Sandler Maintains Overweight Rating for 1st Source: Here's What You Need To Know

Piper Sandler has decided to maintain its Overweight rating of 1st Source SRCE and lower its price target from $64.00 to $58.00.

Shares of 1st Source are trading down 0.39% over the last 24 hours, at $48.09 per share.

A move to $58.00 would account for a 20.61% increase from the current share price.

About 1st Source

1st Source Corp along with its subsidiary offers banking services. The bank provides Commercial, Agricultural, and Real Estate Loans which are given to privately owned business clients mainly located within regional market area, Consumer Services that consists of full range of consumer banking products and services, Trust and Wealth Advisory Services which includes wide range of trust, investment, agency, and custodial services for individual, corporate, and not-for-profit clients, and Specialty Finance Group Services that provide a broad range of comprehensive equipment loan and lease products addressing the financing needs of a broad array of companies.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.