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

First Savings Financial Group (NASDAQ:FSFG - Free Report) had its price objective lowered by Piper Sandler from $33.00 to $30.00 in a report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the bank's stock.

Separately, StockNews.com downgraded First Savings Financial Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, January 14th.

First Savings Financial Group Price Performance

Shares of NASDAQ:FSFG traded up $0.38 during trading on Friday, reaching $23.89. 8,325 shares of the company traded hands, compared to its average volume of 11,227. The firm has a market capitalization of $165.08 million, a PE ratio of 8.72 and a beta of 0.74. First Savings Financial Group has a 52 week low of $14.55 and a 52 week high of $30.94. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. The company's 50 day moving average is $26.82 and its two-hundred day moving average is $25.16.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts predict that First Savings Financial Group will post 2.65 earnings per share for the current year.

First Savings Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Monday, December 16th. First Savings Financial Group's dividend payout ratio (DPR) is presently 21.90%.

Institutional Trading of First Savings Financial Group

Hedge funds have recently made changes to their positions in the company. Barclays PLC raised its stake in shares of First Savings Financial Group by 72.9% during the third 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 last quarter. Geode Capital Management LLC lifted its holdings in First Savings Financial Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank's stock worth $1,387,000 after buying an additional 690 shares during the period. Empowered Funds LLC grew its position in shares of First Savings Financial Group by 5.3% in the 3rd 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. Cerity Partners LLC increased its stake in shares of First Savings Financial Group by 166.0% in the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank's stock valued at $1,629,000 after buying an additional 42,696 shares during the period. Finally, Fourthstone LLC raised its position in shares of First Savings Financial Group by 166.2% during the third 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 institutional investors and hedge funds.

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.