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

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

Several other equities analysts also recently commented on FSFG. Hovde Group assumed 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 price objective on the stock. StockNews.com started coverage on shares of First Savings Financial Group in a report on Wednesday, August 14th. They issued a “buy” rating on the stock.

First Savings Financial Group Stock Up 0.5 %

FSFG traded up $0.13 during trading on Wednesday, reaching $27.03. 6,123 shares of the stock were exchanged, compared to its average volume of 6,683. 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 stock’s 50 day moving average price is $23.99 and its two-hundred day moving average price is $20.06. First Savings Financial Group has a twelve month low of $13.20 and a twelve month high of $27.26. The stock has a market cap of $186.05 million, a P/E ratio of 25.14 and a beta of 0.73.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC boosted its stake in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.