First Savings Financial Group (NASDAQ:FSFG) Price Target Increased to $26.50 by Analysts at Piper Sandler

First Savings Financial Group (NASDAQ:FSFG) had its price target raised by equities researchers at Piper Sandler from $20.00 to $26.50 in a report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price objective suggests a potential upside of 23.37% from the company’s current price.

Separately, StockNews.com initiated coverage on shares of First Savings Financial Group in a report on Monday. They issued a “hold” rating on the stock.

First Savings Financial Group Price Performance

FSFG opened at $21.48 on Wednesday. The company’s 50-day simple moving average is $17.69 and its two-hundred day simple moving average is $16.97. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.08 and a current ratio of 1.09. The stock has a market capitalization of $147.78 million, a P/E ratio of 19.89 and a beta of 0.73. First Savings Financial Group has a 52-week low of $13.20 and a 52-week high of $23.52.

Institutional Investors Weigh In On First Savings Financial Group

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC boosted its holdings in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,930 shares of the bank’s stock after buying an additional 2,209 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 35.22% of the company’s stock.

About First Savings Financial Group

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.