First Savings Financial Group price target raised to $22 from $20 at Maxim

Maxim raised the firm’s price target on First Savings Financial Group to $22 from $20 and keeps a Buy rating on the shares. The company’s Q1 earnings miss contained aberrations related to its exit from its mortgage banking segment during the quarter, the analyst tells investors in a research note, also raising the firm’s 2024 EPS view by 5c to $2.30 while fine-tuning expense estimates ex-mortgage banking. Maxim adds that its higher price target for First Savings Financial reflects higher valuations of high-quality smid-cap banks.