Piper Sandler Cuts First Savings Financial Group (NASDAQ:FSFG) Price Target to $30.00

First Savings Financial Group (NASDAQ:FSFG) had its price target lowered by Piper Sandler from $33.00 to $30.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an overweight rating on the bank’s stock.

Separately, StockNews.com lowered First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 14th.

First Savings Financial Group Stock Up 2.3 %

NASDAQ FSFG opened at $24.76 on Friday. The stock’s 50-day moving average price is $26.94 and its 200-day moving average price is $25.09. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. First Savings Financial Group has a 52 week low of $14.55 and a 52 week high of $30.94. The company has a market capitalization of $171.07 million, a P/E ratio of 9.04 and a beta of 0.75.

First Savings Financial Group (NASDAQ:FSFG) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share 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%. On average, equities research analysts predict that First Savings Financial Group will post 2.65 earnings per share for the current year.

First Savings Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.42%. First Savings Financial Group’s dividend payout ratio is presently 21.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in 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 purchasing an additional 690 shares during the last quarter. Barclays PLC increased its stake 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 buying an additional 1,432 shares in the last quarter. Empowered Funds LLC increased its stake in First Savings Financial Group by 5.3% during 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 in the last quarter. Cerity Partners LLC increased its holdings in shares of First Savings Financial Group by 166.0% in the third 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 last quarter. Finally, Fourthstone LLC increased 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 valued at $5,111,000 after purchasing an additional 134,029 shares during the last quarter. 35.22% of the stock is currently 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.