Murphy Christopher III Sells Shares of SRCE
Executive Chairman Murphy Christopher III sold 2,000 shares of SRCE on June 12, 2026.
Key Points
- Murphy Christopher III, Executive Chairman, sold 2,000 shares of SRCE on June 12, 2026, with the transaction valued at $0.
- Shares of SRCE traded near $77.68, with a recent analyst target from Piper Sandler at $88.00.
- Institutional investors like BlackRock reduced their SRCE holdings by 30,477 shares, while State Street Corp increased by 34,525.
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On June 12, 2026, Murphy Christopher III, the Executive Chairman of SRCE, sold 2,000 shares of the company. The transaction was reported with a value of $0, indicating it might have been a gift or similar transfer, as the shares were not sold for cash.
Insider Buying and Selling at 1st Source Corporation
In addition to Murphy Christopher III's transaction, other insiders were active. Carmen Murphy also sold 2,000 shares on the same day. Earlier in June, on the 3rd, Ronda Shrewsbury, Mark Schwabero, Christopher Murphy IV, and Timothy Ozark each purchased shares at an average price of $73.49.
Other Institutional Activity in SRCE
Several institutional investors have adjusted their positions in SRCE. 1st Source Bank increased its holdings by 9,927 shares, reaching a total of 5,179,191 shares valued at about $358.5 million. BlackRock, Inc. trimmed its position by 30,477 shares, leaving it with 1,963,602 shares worth approximately $135.9 million. Dimensional Fund Advisors LP added 2,034 shares, bringing its total to 1,466,060 shares valued at $101.5 million. State Street Corp made a significant addition of 34,525 shares, ending with 619,165 shares valued at $42.9 million.
1st Source Corporation Stock Down 10.1%
Shares of SRCE traded near $77.68. The stock's recent performance includes a maintained 'buy' rating from Piper Sandler with an $88.00 price target set on April 27, 2026. The company has seen various analyst assessments, indicating mixed sentiments about its future prospects.
Analysts Set New Price Targets
On April 27, 2026, Piper Sandler maintained its 'buy' rating on SRCE, setting a price target of $88.00. DA Davidson, on January 28, 2026, maintained a 'hold' rating with a $74.00 target. These ratings reflect ongoing interest and varied expectations from analysts regarding SRCE's market potential.
Bottom Line
Murphy Christopher III's recent share sale of SRCE highlights insider activity that investors often monitor for potential signals. While the transaction was valued at $0, which may suggest a non-cash transfer, it still contributes to the overall trading narrative. The stock's current price and analyst ratings suggest a mix of optimism and caution, underscoring the importance of keeping an eye on institutional movements and market conditions.
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