First Savings Financial Group (NASDAQ:FSFG) Stock Price Expected to Rise, Piper Sandler Analyst Says

First Savings Financial Group (NASDAQ:FSFG) had its price target upped by Piper Sandler from $27.50 to $31.00 in a research note published on Wednesday, Benzinga reports. They currently have an overweight rating on the bank’s stock.

Several other equities analysts have also issued reports on the stock. Hovde Group began coverage on shares of First Savings Financial Group in a report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 target price on the stock. StockNews.com assumed coverage on First Savings Financial Group in a research note on Wednesday, August 14th. They issued a “buy” rating on the stock.

First Savings Financial Group Stock Down 0.3 %

First Savings Financial Group stock opened at $26.90 on Wednesday. The firm has a market cap of $185.07 million, a price-to-earnings ratio of 13.59 and a beta of 0.72. First Savings Financial Group has a 52-week low of $13.20 and a 52-week high of $27.50. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16. The firm has a 50 day moving average price of $24.20 and a two-hundred day moving average price of $20.27.

First Savings Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, September 13th. First Savings Financial Group’s dividend payout ratio (DPR) is currently 30.30%.

Hedge Funds Weigh In On First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC boosted its position in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,930 shares of the bank’s stock after acquiring an additional 2,209 shares during the period. Empowered Funds LLC owned 0.44% of First Savings Financial Group worth $501,000 as of its most recent SEC filing. 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.