First Savings price target lowered to $19.50 from $21 at Piper Sandler

Piper Sandler analyst Nathan Race lowered the firm’s price target on First Savings Financial Group to $19.50 from $21 and keeps an Overweight rating on the shares. While the bank incurred greater-than-anticipated net interest margin pressure in fiscal Q2 to help limit future compression, the results also included meaningful profitability improvement progress across both its units, the analyst tells investors in a research note.