First financial savings Shares of the group (NASDAQ: ) hit a major milestone, hitting a 52-week high of $30.46. This spike reflects a significant spike in the company’s stock price, with InvestingPro data showing an impressive 113.46% return over the past year. The company, which is currently valued at $206.8 million, trades at a P/E ratio of 15.18 and has continued to increase its dividend for 11 consecutive years. Investors are showing increasing confidence in FSFG, pushing the stock to new highs as the company continues to report strong financials and strategic growth initiatives. While the technical indicators from InvestingPro the stock is believed to be currently in overbought territory, the 52-week high serves as a testament to the company’s resilience and potential for future growth, capturing the market’s attention and strengthening its position as an important player in the financial sector. InvestingPro subscribers can access 10 additional investment tips for FSFG and detailed valuation metrics.
In other recent news, Piper Sandler revised its price target on shares of First Savings Financial Group. The firm raised its price target to $31.00 from $27.50, maintaining an overweight rating following the company’s strong fourth-quarter performance. The success was attributed to unexpected increases in net interest income and net interest margin expansion, as well as effective management of operating expenses.
While the small business administration segment is impacting pre-tax earnings, Piper Sandler expects profitability following strategic adjustments in the division. The firm also expressed a positive view of First Savings Financial Group’s unique market position in the Louisville Metropolitan Statistical Area. Piper Sandler revised its FY2025 earnings estimate to $2.65, an increase of 20%, and issued a FY2026 earnings estimate of $2.75. These recent developments have been factored into the new price target of $31, which is in line with peers’ higher performance, reflecting the company’s stable credit profile.
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