Piper Sandler reiterates Overweight rating on 1st Source, $105 price target
Piper Sandler maintained an Overweight rating on 1st Source (SRCE) with a $105 price target, implying a 19.5% upside. The firm cited strong financial performance, including a 2.3% ROA and 17% ROTCE, driven by net interest income growth and solid loan growth. The company is expected to outperform peers due to stable net interest margins and organic growth.



