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1st Source (SRCE) Passes Through 3% Yield Mark
Thursday, March 30, 3:28 PM ET, by Market News Video Staff

In trading on Thursday, shares of 1st Source Corp (SRCE) were yielding above the 3% ...

Insiders Now Seeing Red With SRCE At New 52-Week Low
Tuesday, April 4, 1:06 PM ET, by Market News Video Staff

In trading on Tuesday, shares of 1st Source Corp (SRCE) touched a new 52-week low ...

Cash Dividend On The Way From 1st Source (SRCE)
Thursday, April 27, 10:06 AM ET, by Market News Video Staff

On 5/1/23, 1st Source Corp (SRCE) will trade ex-dividend, for its quarterly dividend of $0.32, ...

1st Source Enters Oversold Territory
Tuesday, May 2, 12:01 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

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1st Source is Oversold

By Dividend Channel Staff, Tuesday, January 3, 3:54 PM ET
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. 1st Source Corp (NASDAQ:SRCE) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.

But making 1st Source Corp an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of SRCE entered into oversold territory, changing hands as low as $52.11 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of 1st Source Corp, the RSI reading has hit 29.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.8. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, SRCE's recent annualized dividend of 1.28/share (currently paid in quarterly installments) works out to an annual yield of 2.41% based upon the recent $53.09 share price.

A bullish investor could look at SRCE's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on SRCE is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.


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