1st Source Corporation's Executive Chairman Sells Shares
Murphy Christopher III sold 2,000 shares of 1st Source Corporation on June 12, 2026.
Key Points
- Murphy Christopher III, Executive Chairman of 1st Source Corporation, sold 2,000 shares on June 12, 2026.
- 1st Source Corporation (NasdaqGS: SRCE) trades at $77.68 with a market cap of $1.86 billion and a P/E ratio of 11.87.
- Analysts maintain varied ratings with Piper Sandler setting a price target of $88 and DA Davidson holding at $74.
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Murphy Christopher III, the Executive Chairman of 1st Source Corporation, recently sold 2,000 shares of the company. The transaction took place on June 12, 2026, and was not part of a pre-planned trading program. This insider activity comes as the company's stock trades around $77.68.
Insider Buying and Selling at 1st Source Corporation
In addition to Murphy's sale, other insider transactions included purchases by several individuals earlier in the month. On June 3, 2026, Ronda Shrewsbury, Mark Schwabero, Christopher Murphy IV, and Timothy Ozark each bought shares at an average price of $73.49.
1st Source Corporation Stock Down 10.1%
Shares of 1st Source Corporation, trading under the ticker SRCE on the NasdaqGS, are priced around $77.68. The company boasts a market cap of approximately $1.86 billion and a P/E ratio of 11.87. The stock's 52-week range spans from $56.89 to $79.08, with a 50-day moving average of $73.86 and a 200-day moving average of $66.83.
Analysts Set New Price Targets
Analysts have recently updated their views on 1st Source Corporation. On April 27, 2026, Piper Sandler maintained a "buy" rating with a price target of $88. Meanwhile, DA Davidson kept a "hold" rating with a target of $74 as of January 28, 2026. The consensus target price among analysts is about $79.67, based on three opinions.
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 range of financial services including commercial and consumer banking, trust and wealth advisory, and insurance products. The company serves individuals and businesses in the United States, offering loans, deposit products, and online banking services. Led by CEO Andrea Gayle Short, the company employs around 1,190 people.
Bottom Line
Murphy Christopher III's recent stock sale is a noteworthy insider move at 1st Source Corporation. Investors often track insider transactions for potential insights into company sentiment. However, it's essential to remember that these trades are disclosed after the fact and may not reflect the current insider outlook. 1st Source continues to be a player in the regional banking sector, with analysts providing varied price targets.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.