Piper Sandler Forecasts Strong Price Appreciation for First Savings Financial Group (NASDAQ:FSFG) Stock

First Savings Financial Group (NASDAQ:FSFG - Free Report) had its price target increased by Piper Sandler from $30.00 to $32.00 in a report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the bank's stock.

Several other research firms also recently weighed in on FSFG. StockNews.com downgraded First Savings Financial Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, January 14th. Maxim Group raised their price objective on shares of First Savings Financial Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, April 28th.

First Savings Financial Group Price Performance

Shares of First Savings Financial Group stock remained flat at $27.50 during trading hours on Tuesday. 25,051 shares of the stock traded hands, compared to its average volume of 11,443. The company's fifty day moving average price is $24.86 and its 200-day moving average price is $25.99. First Savings Financial Group has a fifty-two week low of $15.51 and a fifty-two week high of $30.94. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.07 and a current ratio of 1.08. The firm has a market cap of $190.16 million, a P/E ratio of 10.04 and a beta of 0.40.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last posted its earnings results on Thursday, April 24th. The bank reported $0.76 EPS for the quarter, topping 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 business had revenue of $19.55 million for the quarter, compared to analysts' expectations of $15.55 million. Sell-side analysts expect that First Savings Financial Group will post 2.45 EPS for the current year.

First Savings Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from First Savings Financial Group's previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 2.33%. First Savings Financial Group's dividend payout ratio (DPR) is currently 22.78%.

Hedge Funds Weigh In On First Savings Financial Group

Several institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of First Savings Financial Group by 130.8% in the fourth 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in First Savings Financial Group during the 4th quarter worth approximately $76,000. Barclays PLC increased its position in First Savings Financial Group by 72.9% during the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank's stock worth $81,000 after purchasing an additional 1,432 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of First Savings Financial Group in the 4th quarter valued at approximately $153,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of First Savings Financial Group in the fourth quarter valued at approximately $231,000. 35.22% of the stock is owned by institutional investors and hedge funds.

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.