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

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) had its price target hoisted by investment analysts at Piper Sandler from $30.00 to $32.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the bank's stock. Piper Sandler's price objective indicates a potential upside of 18.85% from the company's previous close.

Several other research analysts also recently commented on the company. 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 report on Monday.

First Savings Financial Group Stock Up 2.5 %

NASDAQ:FSFG traded up $0.66 during trading hours on Tuesday, reaching $26.93. The company's stock had a trading volume of 2,108 shares, compared to its average volume of 10,939. The company has a market cap of $186.19 million, a price-to-earnings ratio of 9.83 and a beta of 0.45. The business's 50-day moving average is $24.65 and its 200-day moving average is $25.92. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.08 and a quick ratio of 1.07. First Savings Financial Group has a one year low of $15.51 and a one year high of $30.94.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.21. First Savings Financial Group had a net margin of 13.34% and a return on equity of 8.79%. The company had revenue of $19.55 million for the quarter, compared to analysts' expectations of $15.55 million. Equities research analysts predict that First Savings Financial Group will post 2.45 EPS for the current year.

Institutional Investors Weigh In On First Savings Financial Group

A number of large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in shares of First Savings Financial Group by 130.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 990 shares of the bank's stock worth $26,000 after buying an additional 561 shares during the period. Geode Capital Management LLC boosted its position in shares of First Savings Financial Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank's stock valued at $1,387,000 after acquiring an additional 690 shares during the period. Cerity Partners LLC raised its position in shares of First Savings Financial Group by 1.8% in the fourth quarter. Cerity Partners LLC now owns 69,621 shares of the bank's stock worth $1,849,000 after buying an additional 1,200 shares in the last quarter. Barclays PLC lifted its position in First Savings Financial Group by 72.9% during the third quarter. Barclays PLC now owns 3,396 shares of the bank's stock valued at $81,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of First Savings Financial Group by 13.9% in the 4th quarter. Bank of America Corp DE now owns 19,282 shares of the bank's stock valued at $512,000 after acquiring an additional 2,349 shares during the last quarter. Institutional investors own 35.22% of the company's stock.

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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