First Savings Financial Group (NASDAQ:FSFG) Price Target Raised to $26.50 at Piper Sandler

First Savings Financial Group (NASDAQ:FSFG) had its price objective hoisted by Piper Sandler from $20.00 to $26.50 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the bank’s stock.

Separately, StockNews.com began coverage on First Savings Financial Group in a research note on Monday, July 29th. They issued a hold rating on the stock.

First Savings Financial Group Trading Up 0.7 %

Shares of First Savings Financial Group stock opened at $21.63 on Wednesday. First Savings Financial Group has a 1 year low of $13.20 and a 1 year high of $23.52. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.09 and a quick ratio of 1.08. The stock has a market cap of $148.81 million, a PE ratio of 20.03 and a beta of 0.73. The firm has a fifty day moving average price of $17.98 and a 200 day moving average price of $17.06.

First Savings Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Friday, June 14th. First Savings Financial Group’s dividend payout ratio is presently 55.56%.

Institutional Investors Weigh In On First Savings Financial Group

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC lifted its position in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 35.22% of the company’s stock.

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.