Maxim Group Raises First Savings Financial Group (NASDAQ:FSFG) Price Target to $31.00

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) had its target price hoisted by investment analysts at Maxim Group from $28.00 to $31.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the bank's stock. Maxim Group's target price indicates a potential upside of 18.81% from the stock's previous close.

Several other analysts have also issued reports on FSFG. StockNews.com lowered First Savings Financial Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, January 14th. Piper Sandler cut their price objective on First Savings Financial Group from $33.00 to $30.00 and set an "overweight" rating for the company in a research note on Friday, January 31st.

First Savings Financial Group Stock Performance

FSFG stock traded up $0.22 on Monday, hitting $26.09. The company had a trading volume of 20,739 shares, compared to its average volume of 10,967. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.96. First Savings Financial Group has a 12-month low of $15.51 and a 12-month high of $30.94. The stock has a market cap of $180.43 million, a price-to-earnings ratio of 9.52 and a beta of 0.45. The stock's 50-day simple moving average is $24.63 and its 200 day simple moving average is $25.91.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last posted its earnings results on Thursday, April 24th. The bank reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.21. First Savings Financial Group had a return on equity of 8.79% and a net margin of 13.34%. The company had revenue of $19.55 million for the quarter, compared to the consensus estimate of $15.55 million. As a group, equities research analysts expect that First Savings Financial Group will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Savings Financial Group

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of First Savings Financial Group by 130.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 990 shares of the bank's stock valued at $26,000 after acquiring an additional 561 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in First Savings Financial Group in the fourth quarter worth about $76,000. Barclays PLC increased its stake in First Savings Financial Group by 72.9% during the third quarter. Barclays PLC now owns 3,396 shares of the bank's stock worth $81,000 after acquiring an additional 1,432 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in First Savings Financial Group in the fourth quarter worth $153,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of First Savings Financial Group in the 4th quarter worth about $231,000. 35.22% of the stock is owned by institutional investors.

First Savings Financial Group Company Profile

First Savings Financial Group, Inc operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.

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