Maxim Group Initiates Coverage on First Savings Financial Group Inc (FSFG)
Analysts at Maxim Group initiated coverage on shares of First Savings Financial Group Inc (NASDAQ:FSFG) in a report released on Thursday. The firm set a “buy” rating and a $42.00 price target on the stock. Maxim Group’s price objective would suggest a potential upside of 17.16% from the company’s current price.
Separately, TheStreet downgraded First Savings Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
First Savings Financial Group (NASDAQ:FSFG) opened at 35.8499 on Thursday. The stock has a market capitalization of $79.01 million and a P/E ratio of 12.0342. First Savings Financial Group has a 1-year low of $32.50 and a 1-year high of $36.98. The firm’s 50 day moving average is $35.58 and its 200 day moving average is $35.00.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.52 annualized dividend and a dividend yield of 1.45%.
In other news, COO John P. Lawson, Jr. sold 2,448 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $35.38, for a total transaction of $86,610.24. Following the sale, the chief operating officer now directly owns 13,690 shares of the company’s stock, valued at approximately $484,352.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
First Savings Financial Group Company Profile
First Savings Financial Group, Inc is the bank holding company for First Savings Bank. The Company’s principal business activity is the ownership of the outstanding common stock of First Savings Bank. The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.
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