Piper Sandler Issues Pessimistic Forecast for First Savings Financial Group (NASDAQ:FSFG) Stock Price

First Savings Financial Group (NASDAQ:FSFG) had its price objective reduced by research analysts at Piper Sandler from $33.00 to $30.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Piper Sandler’s price target would suggest a potential upside of 22.95% from the stock’s current price.

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

First Savings Financial Group Trading Up 0.8 %

Shares of FSFG stock traded up $0.20 during trading hours on Friday, reaching $24.40. The company’s stock had a trading volume of 3,524 shares, compared to its average volume of 10,745. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $168.60 million, a P/E ratio of 8.91 and a beta of 0.75. The firm’s fifty day simple moving average is $27.03 and its 200 day simple moving average is $25.01. First Savings Financial Group has a one year low of $14.55 and a one year high of $30.94.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts expect that First Savings Financial Group will post 2.65 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC grew its position in shares of First Savings Financial Group by 72.9% during the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after acquiring an additional 1,432 shares during the period. Empowered Funds LLC boosted its stake in First Savings Financial Group by 5.3% during the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock valued at $767,000 after buying an additional 1,608 shares during the last quarter. Geode Capital Management LLC lifted its position in First Savings Financial Group by 1.2% during the third 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. Cerity Partners LLC increased its stake in First Savings Financial Group by 166.0% during the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after acquiring an additional 42,696 shares during the last quarter. Finally, Fourthstone LLC lifted its holdings in shares of First Savings Financial Group by 166.2% in the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after acquiring an additional 134,029 shares during the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.