Piper Sandler Increases First Savings Financial Group (NASDAQ:FSFG) Price Target to $21.00

First Savings Financial Group (NASDAQ:FSFGGet Free Report) had its price target increased by analysts at Piper Sandler from $19.00 to $21.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Piper Sandler’s price objective would indicate a potential upside of 23.31% from the company’s previous close.

Separately, StockNews.com started coverage on First Savings Financial Group in a research note on Sunday. They issued a “hold” rating for the company.

View Our Latest Stock Analysis on FSFG

First Savings Financial Group Stock Performance

NASDAQ FSFG opened at $17.03 on Tuesday. The firm has a market cap of $117.17 million, a price-to-earnings ratio of 18.92 and a beta of 0.75. The company has a quick ratio of 1.06, a current ratio of 1.09 and a debt-to-equity ratio of 2.73. The business has a 50-day moving average price of $16.64 and a 200-day moving average price of $15.97. First Savings Financial Group has a twelve month low of $11.74 and a twelve month high of $20.00.

Institutional Investors Weigh In On First Savings Financial Group

A number of hedge funds have recently made changes to their positions in FSFG. Dimensional Fund Advisors LP lifted its position in shares of First Savings Financial Group by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank’s stock worth $1,259,000 after buying an additional 1,220 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of First Savings Financial Group in the first quarter worth about $472,000. Fourthstone LLC raised its position in First Savings Financial Group by 53.2% during the first quarter. Fourthstone LLC now owns 190,580 shares of the bank’s stock valued at $4,677,000 after purchasing an additional 66,173 shares during the period. State Street Corp raised its position in First Savings Financial Group by 8.2% during the first quarter. State Street Corp now owns 24,583 shares of the bank’s stock valued at $603,000 after purchasing an additional 1,853 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in First Savings Financial Group by 5,979.6% during the first quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank’s stock valued at $818,000 after purchasing an additional 5,561 shares during the period. 25.47% of the stock is currently owned by hedge funds and other institutional investors.

First Savings Financial Group Company Profile

(Get Free Report)

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.

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