First Savings Financial Group, Inc. (FSFG) Given New $63.00 Price Target at Maxim Group
First Savings Financial Group, Inc. (NASDAQ:FSFG) had its price target upped by Maxim Group from $60.00 to $63.00 in a report released on Monday, MarketBeat reports. The brokerage currently has a buy rating on the bank’s stock.
First Savings Financial Group (NASDAQ:FSFG) opened at $56.70 on Monday. First Savings Financial Group has a 52 week low of $39.97 and a 52 week high of $58.97. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $127.15, a P/E ratio of 14.07 and a beta of 0.22.
First Savings Financial Group (NASDAQ:FSFG) last released its quarterly earnings data on Wednesday, November 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. First Savings Financial Group had a return on equity of 10.74% and a net margin of 21.89%. The company had revenue of $10.52 million during the quarter.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, November 30th. First Savings Financial Group’s dividend payout ratio is currently 14.11%.
In other news, CEO Larry W. Myers sold 600 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $52.80, for a total value of $31,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,018 shares of company stock valued at $53,734 in the last ninety days. 20.13% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in FSFG. Macquarie Group Ltd. acquired a new position in shares of First Savings Financial Group in the third quarter valued at approximately $108,000. State Street Corp acquired a new position in shares of First Savings Financial Group in the second quarter valued at approximately $224,000. ZPR Investment Management increased its stake in shares of First Savings Financial Group by 1.9% in the second quarter. ZPR Investment Management now owns 6,244 shares of the bank’s stock valued at $342,000 after buying an additional 117 shares during the period. Stilwell Value LLC increased its stake in shares of First Savings Financial Group by 5,178.0% in the second quarter. Stilwell Value LLC now owns 1,055,600 shares of the bank’s stock valued at $1,056,000 after buying an additional 1,035,600 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of First Savings Financial Group by 15.6% in the second quarter. Vanguard Group Inc. now owns 25,259 shares of the bank’s stock valued at $1,382,000 after buying an additional 3,417 shares during the period. 17.90% of the stock is owned by institutional investors.
About First Savings Financial Group
First Savings Financial Group, Inc is a bank holding company for First Savings Bank (the 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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