BlackRock Updates Passive Stake in 1ST SOURCE CORP
Ticker: SRCE · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 34782
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: SRCE
TL;DR
**BlackRock still holds SRCE, signaling continued institutional interest.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of 1ST SOURCE CORP (NASDAQ: SRCE) common stock as of December 31, 2023. This filing, Amendment No. 2, updates their previous disclosures regarding their passive investment in the regional bank. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's continued, albeit passive, interest in 1ST SOURCE CORP, which can be a positive signal for other investors considering the stock.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a passive holder, but this filing alone doesn't suggest a need for immediate action. It's a routine disclosure of an institutional stake.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- 1ST SOURCE CORP (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 2 (number) — the specific amendment number of the filing
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock, Inc. regarding its ownership in 1ST SOURCE CORP.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of 1ST SOURCE CORP is 336901103, as stated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, according to the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
What is the business address of the reporting person, BlackRock, Inc.?
The business address for BlackRock, Inc. is 50 HUDSON YARDS, NEW YORK, NY 10001, as detailed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding 1ST SOURCE CORP (SRCE).