Piper Sandler Forecasts Strong Price Appreciation for First Savings Financial Group (NASDAQ:FSFG) Stock

First Savings Financial Group (NASDAQ:FSFG) had its target price hoisted by analysts at Piper Sandler from $27.50 to $31.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price target would suggest a potential upside of 14.69% from the company’s previous close.

FSFG has been the subject of a number of other research reports. Hovde Group assumed coverage on First Savings Financial Group in a report on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price target for the company. StockNews.com began coverage on First Savings Financial Group in a research note on Wednesday, August 14th. They set a “buy” rating for the company.

First Savings Financial Group Price Performance

NASDAQ:FSFG traded up $0.13 during mid-day trading on Wednesday, reaching $27.03. The stock had a trading volume of 6,123 shares, compared to its average volume of 6,683. First Savings Financial Group has a 12 month low of $13.20 and a 12 month high of $27.26. The stock has a market capitalization of $186.05 million, a PE ratio of 25.14 and a beta of 0.73. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.09. The stock has a 50-day simple moving average of $23.99 and a two-hundred day simple moving average of $20.06.

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 lifted its position in shares of 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 Securities and Exchange Commission. The fund owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the period. Empowered Funds LLC owned about 0.44% of First Savings Financial Group worth $501,000 as of its most recent filing with the Securities and Exchange Commission. 35.22% of the stock is 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.