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

First Savings Financial Group (NASDAQ:FSFG) had its target price hoisted by Maxim Group from $28.00 to $31.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the bank’s stock.

Other research analysts also recently issued reports about the stock. StockNews.com downgraded shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. Piper Sandler decreased their target price on First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, January 31st.

First Savings Financial Group Stock Up 1.5 %

FSFG opened at $26.27 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.96. The firm has a 50 day moving average price of $24.65 and a 200-day moving average price of $25.92. First Savings Financial Group has a twelve month low of $15.51 and a twelve month high of $30.94. The stock has a market capitalization of $181.66 million, a price-to-earnings ratio of 9.59 and a beta of 0.45.

First Savings Financial Group (NASDAQ:FSFG) last released its quarterly earnings data on Thursday, April 24th. The bank reported $0.76 earnings per share for the quarter, beating 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 firm had revenue of $19.55 million during the quarter, compared to analysts’ expectations of $15.55 million. Equities research analysts forecast that First Savings Financial Group will post 2.45 earnings per share for the current year.

First Savings Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.16 per share. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, March 14th. First Savings Financial Group’s payout ratio is presently 22.78%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of First Savings Financial Group by 72.9% during the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after buying an additional 1,432 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of First Savings Financial Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after buying an additional 690 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of First Savings Financial Group during the 4th quarter valued at about $597,000. O Shaughnessy Asset Management LLC purchased a new position in shares of First Savings Financial Group during the 4th quarter valued at about $231,000. Finally, Cerity Partners LLC lifted its position in shares of First Savings Financial Group by 1.8% during the 4th quarter. Cerity Partners LLC now owns 69,621 shares of the bank’s stock valued at $1,849,000 after buying an additional 1,200 shares in the last quarter. 35.22% of the stock is owned by hedge funds and other 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.