First Savings Financial Group (NASDAQ:FSFG) Price Target Cut to $30.00 by Analysts at Piper Sandler

First Savings Financial Group (NASDAQ:FSFG) had its target price decreased by analysts at Piper Sandler from $33.00 to $30.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Piper Sandler’s target price points to a potential upside of 22.95% from the stock’s previous close.

Separately, StockNews.com cut 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 0.8 %

NASDAQ FSFG traded up $0.20 during trading hours on Friday, hitting $24.40. 3,524 shares of the company traded hands, compared to its average volume of 10,745. The stock has a market capitalization of $168.60 million, a price-to-earnings ratio of 8.91 and a beta of 0.75. First Savings Financial Group has a twelve month low of $14.55 and a twelve month high of $30.94. The business’s 50-day moving average is $27.03 and its 200-day moving average is $25.01. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.07 and a current ratio of 1.08.

First Savings Financial Group (NASDAQ:FSFG) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.06). First Savings Financial Group had a net margin of 13.34% and a return on equity of 8.86%. Sell-side analysts anticipate that First Savings Financial Group will post 2.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FSFG. Barclays PLC increased its stake in First Savings Financial Group by 72.9% in 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 during the last quarter. Empowered Funds LLC boosted its holdings in First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after buying an additional 1,608 shares during the period. Geode Capital Management LLC lifted its position in shares of First Savings Financial Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock worth $1,387,000 after acquiring an additional 690 shares in the last quarter. Cerity Partners LLC raised its stake in shares of First Savings Financial Group by 166.0% during the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after purchasing an additional 42,696 shares during the period. Finally, Fourthstone LLC lifted its holdings in shares of First Savings Financial Group by 166.2% in the third quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after buying an additional 134,029 shares in the last quarter. 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.