Maxim Group Initiates Coverage on First Savings Financial Group Inc (FSFG)
Equities research analysts at Maxim Group assumed coverage on shares of First Savings Financial Group Inc (NASDAQ:FSFG) in a report released on Thursday. The brokerage set a “buy” rating and a $42.00 price target on the stock. Maxim Group’s price objective points to a potential upside of 17.16% from the company’s previous close.
Separately, TheStreet downgraded shares of 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 firm has a market cap of $79.01 million and a P/E ratio of 12.0342. First Savings Financial Group has a 52-week low of $32.50 and a 52-week high of $36.98. The company’s 50 day moving average is $35.58 and its 200-day moving average is $35.00.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 22nd were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Wednesday, August 31st.
In other First Savings Financial Group news, COO John P. Lawson, Jr. sold 2,448 shares of First Savings Financial Group stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $35.38, for a total transaction of $86,610.24. Following the transaction, the chief operating officer now directly owns 13,690 shares of the company’s stock, valued at $484,352.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
About First Savings Financial Group
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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