Carmen Murphy Sells Shares of 1st Source Corporation

Carmen Murphy, an insider at 1st Source Corporation, sold 2,000 shares of the company on June 12, 2026. This transaction was not part of a pre-planned trading program. The sale was disclosed in insider filings, providing transparency into the trading activities of company insiders.

Other Institutional Activity in 1st Source Corporation

1st Source Bank increased its holdings by 9,927 shares, now holding 5,179,191 shares valued at approximately $358.5 million. BlackRock, Inc. reduced its position by 30,477 shares, leaving it with 1,963,602 shares worth about $135.9 million. Dimensional Fund Advisors LP added 2,034 shares, bringing its total to 1,466,060 shares valued at $101.5 million. Vanguard Capital Management LLC's holdings now stand at 773,321 shares valued at $53.5 million after a significant increase. Meanwhile, State Street Corp boosted its stake by 34,525 shares, totaling 619,165 shares valued at $42.9 million.

1st Source Corporation Stock Down 10.1%

Shares of NasdaqGS:SRCE traded near $77.68. 1st Source Corporation has a market cap of around $1.86 billion and a P/E ratio of 11.87. The stock has a 52-week low of $56.89 and a high of $79.08. It has a 50-day moving average of $73.86 and a 200-day moving average of $66.83, reflecting some volatility over the past year.

Recent Earnings

In its most recent earnings report, 1st Source Corporation posted revenue of $426.3 million, reflecting a growth rate of 5.1%. The company's net margin stands at 37.7%, with a return on equity of 12.6%. The next earnings report is expected on July 23, 2026.

Dividend

1st Source Corporation offers an annual dividend rate of $1.72, yielding 2.22% with a payout ratio of 23.93%. This provides investors with a steady income stream from their investment.

Insider Buying and Selling at 1st Source Corporation

On June 12, 2026, Carmen Murphy sold 2,000 shares. On the same date, Christopher Murphy III, the Executive Chairman, also sold 2,000 shares. Earlier in June, Ronda Shrewsbury, Mark Schwabero, and Timothy Ozark each bought shares at an average price of $73.49, with purchases of 1,542, 1,338, and 1,583 shares, respectively.

Analysts Set New Price Targets

On April 27, 2026, Piper Sandler maintained a buy rating on the stock with a target price of $88.00. DA Davidson has consistently held a hold rating, with the most recent target set at $74.00. The consensus among analysts suggests a mean target price of $79.67.

About 1st Source Corporation

1st Source Corporation, headquartered in South Bend, Indiana, operates as the bank holding company for 1st Source Bank. It provides a wide range of services including commercial and consumer banking, trust and wealth advisory services, and insurance products. The company caters to both individual and business clients, offering products like checking and savings accounts, loans, and investment services. Under the leadership of CEO Andrea Gayle Short, the company employs approximately 1,190 people.

Bottom Line

Carmen Murphy's recent sale of 2,000 shares is a notable insider transaction at 1st Source Corporation. Investors often track insider trades for potential insights, though they don't necessarily predict future stock performance. It's important to remember that such filings reflect past actions and may not indicate current positions.