First Savings Financial Group (FSFG) Given New $70.00 Price Target at Maxim Group

First Savings Financial Group (NASDAQ:FSFG) had its price target raised by analysts at Maxim Group from $63.00 to $70.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the bank’s stock. Maxim Group’s price target would suggest a potential upside of 17.00% from the stock’s current price.

Shares of First Savings Financial Group (NASDAQ:FSFG) opened at $59.83 on Wednesday. First Savings Financial Group has a 52-week low of $44.10 and a 52-week high of $60.00. The firm has a market cap of $134.71, a P/E ratio of 13.57 and a beta of 0.23. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.98 and a quick ratio of 0.94.

First Savings Financial Group (NASDAQ:FSFG) last announced its quarterly earnings results on Friday, January 26th. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.38. First Savings Financial Group had a net margin of 23.08% and a return on equity of 11.56%. The firm had revenue of $10.96 million during the quarter.

In related news, SVP Jacqueline R. Journell sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $56.71, for a total transaction of $113,420.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Samuel E. Eckart sold 500 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $56.88, for a total transaction of $28,440.00. Following the transaction, the director now owns 10,114 shares of the company’s stock, valued at approximately $575,284.32. The disclosure for this sale can be found here. Insiders sold a total of 3,134 shares of company stock valued at $178,048 in the last ninety days. Corporate insiders own 16.73% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FSFG. Macquarie Group Ltd. bought a new position in shares of First Savings Financial Group during the 3rd quarter worth approximately $108,000. State Street Corp bought a new position in shares of First Savings Financial Group during the 2nd quarter worth approximately $224,000. ZPR Investment Management raised its stake in shares of First Savings Financial Group by 1.9% during the 2nd quarter. ZPR Investment Management now owns 6,244 shares of the bank’s stock worth $342,000 after acquiring an additional 117 shares in the last quarter. Stilwell Value LLC raised its stake in shares of First Savings Financial Group by 5,178.0% during the 2nd quarter. Stilwell Value LLC now owns 1,055,600 shares of the bank’s stock worth $1,056,000 after acquiring an additional 1,035,600 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of First Savings Financial Group by 15.6% during the 2nd quarter. Vanguard Group Inc. now owns 25,259 shares of the bank’s stock worth $1,382,000 after acquiring an additional 3,417 shares in the last quarter. Hedge funds and other institutional investors own 17.95% of the company’s stock.

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About First Savings Financial Group

First Savings Financial Group, Inc is a bank holding company for First Savings Bank (the Bank). The Company’s principal business activity is the ownership of the outstanding common stock of First Savings Bank. The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.

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