First Savings Financial Group (NASDAQ:FSFG) Price Target Raised to $32.00

First Savings Financial Group (NASDAQ:FSFG) had its target price upped by Piper Sandler from $30.00 to $32.00 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the bank’s stock.

A number of other brokerages have also issued reports on FSFG. Maxim Group lifted their price target on shares of First Savings Financial Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com lowered shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th.

First Savings Financial Group Stock Up 3.2 %

Shares of First Savings Financial Group stock opened at $27.50 on Tuesday. First Savings Financial Group has a 1-year low of $15.51 and a 1-year high of $30.94. The company has a market capitalization of $190.16 million, a PE ratio of 10.04 and a beta of 0.45. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.08 and a quick ratio of 1.07. The business has a 50-day moving average of $24.80 and a 200-day moving average of $25.95.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings data 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 firm had revenue of $19.55 million during the quarter, compared to analyst estimates of $15.55 million. As a group, equities analysts forecast that First Savings Financial Group will post 2.45 EPS for the current fiscal year.

First Savings Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from First Savings Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. First Savings Financial Group’s payout ratio is 22.78%.

Hedge Funds Weigh In On First Savings Financial Group

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 561 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of First Savings Financial Group during the 4th quarter valued at about $76,000. Barclays PLC raised 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 period. Cubist Systematic Strategies LLC bought a new position in First Savings Financial Group in the fourth quarter worth about $153,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in First Savings Financial Group in the fourth quarter valued at approximately $231,000. 35.22% of the stock is currently 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.