Maxim Group Thinks First Savings Financial Group’s Stock is Going to Recover

In a report released yesterday, Michael Diana from Maxim Group reiterated a Buy rating on First Savings Financial Group (FSFGResearch Report), with a price target of $33.00. The company’s shares closed last Wednesday at $23.99, close to its 52-week low of $23.25.

According to TipRanks.com, Diana is a 5-star analyst with an average return of 11.3% and a 45.6% success rate. Diana covers the Financial sector, focusing on stocks such as Generation Income Properties, Westamerica Bancorporation, and Pennantpark Floating Rate.

First Savings Financial Group has an analyst consensus of Moderate Buy, with a price target consensus of $33.00.

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First Savings Financial Group’s market cap is currently $172.1M and has a P/E ratio of 9.15.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FSFG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

First Savings Financial Group, Inc. operates as a savings and loans holding company for First Savings Bank FSB, a federally chartered savings bank. The firm operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area. It operates through the following segments: Core Banking, SBA Lending, and Mortgage Banking. The Core Banking segment engages in residential, commercial and consumer loans. The SBA Lending segment focuses on net gains on sales of loans and net interest income as its primary sources of revenue. The Mortgage Banking segment originates residential mortgage loans and sells it in the secondary market. The company was founded in May 2008 and is headquartered in Clarksville, IN.

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