First Savings Financial Group Inc (FSFG) Given “Buy” Rating at Maxim Group
Maxim Group reaffirmed their buy rating on shares of First Savings Financial Group Inc (NASDAQ:FSFG) in a research note released on Wednesday, May 3rd. Maxim Group currently has a $55.00 price target on the bank’s stock.
“Fiscal 2Q17 EPS of $0.94 versus our estimate of $0.93, with continued material contribution from gain on sale of SBA loans. Based mainly on an increased contribution from the gain on sale of SBA loans, we are raising our fiscal 2017 EPS estimate to $3.95, from $3.75. Based on our new 2017 EPS estimate and FSFG’s ongoing transformation from a consumer-focused S&L to a business-focused bank, we are raising our price target to $55, from $52. Our new price target equates to 14.1x our calendar year 2017 EPS estimate, versus 16.9x for peers.”,” the firm’s analyst wrote.
First Savings Financial Group (NASDAQ:FSFG) remained flat at $50.00 during trading on Wednesday. The company had a trading volume of 2 shares. The firm has a market cap of $112.10 million and a PE ratio of 12.12. The company has a 50 day moving average of $49.34 and a 200 day moving average of $45.80. First Savings Financial Group has a 52 week low of $34.50 and a 52 week high of $50.73.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.12%.
In other news, Director Samuel E. Eckart sold 1,693 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $48.57, for a total value of $82,229.01. Following the completion of the sale, the director now owns 14,358 shares of the company’s stock, valued at approximately $697,368.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Samuel E. Eckart sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $48.44, for a total value of $48,440.00. Following the sale, the director now directly owns 15,458 shares of the company’s stock, valued at approximately $748,785.52. The disclosure for this sale can be found here.
First Savings Financial Group Company Profile
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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