First Savings Financial Group (NASDAQ:FSFG) Price Target Raised to $31.00

First Savings Financial Group (NASDAQ:FSFG - Free Report) had its price target raised by Piper Sandler from $27.50 to $31.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the bank's stock.

Other research analysts also recently issued reports about the company. Hovde Group assumed coverage on First Savings Financial Group in a research note on Wednesday, September 11th. They issued a "market perform" rating and a $24.00 price target for the company. StockNews.com began coverage on shares of First Savings Financial Group in a research report on Wednesday, August 14th. They set a "buy" rating for the company.

First Savings Financial Group Price Performance

Shares of First Savings Financial Group stock traded up $0.10 during trading hours on Wednesday, hitting $27.00. The company's stock had a trading volume of 12,255 shares, compared to its average volume of 6,713. The company has a market cap of $185.84 million, a PE ratio of 25.00 and a beta of 0.73. 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 business has a 50 day moving average price of $24.06 and a two-hundred day moving average price of $20.10. First Savings Financial Group has a 12-month low of $13.20 and a 12-month high of $27.26.

First Savings Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Friday, September 13th. First Savings Financial Group's payout ratio is presently 55.56%.

Institutional Trading of First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC grew its holdings in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG - Free Report) by 8.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,930 shares of the bank's stock after buying an additional 2,209 shares during the quarter. Empowered Funds LLC owned 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent reporting period. 35.22% of the stock is owned by 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.