Research analysts at Hovde Group initiated coverage on shares of First Savings Financial Group (NASDAQ:FSFG – Get Free Report) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage set a “market perform” rating and a $24.00 price target on the bank’s stock. Hovde Group’s price objective would indicate a potential upside of 2.48% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Piper Sandler lifted their target price on First Savings Financial Group from $20.00 to $26.50 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. StockNews.com started coverage on shares of First Savings Financial Group in a research report on Wednesday, August 14th. They set a “buy” rating on the stock.
View Our Latest Stock Report on FSFG
First Savings Financial Group Price Performance
First Savings Financial Group (NASDAQ:FSFG – Get Free Report) last announced its earnings results on Thursday, July 25th. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The company had revenue of $17.73 million for the quarter, compared to analyst estimates of $17.60 million. First Savings Financial Group had a return on equity of 8.63% and a net margin of 6.90%. As a group, analysts expect that First Savings Financial Group will post 1.75 EPS for the current year.
Institutional Trading of First Savings Financial Group
An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC increased its position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG – Free Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,930 shares of the bank’s stock after purchasing 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 currently owned by hedge funds and other 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.
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