Maxim Group analyst Michael Diana reiterated a Buy rating on First Savings Financial Group (FSFG) today and set a price target of $75. The company’s shares opened today at $58.25.
Diana commented:
“F2Q19 EPS was $1.50 versus our estimate of $1.27 (we are the only analyst covering the company). The upside surprise was due to stronger than expected mortgage banking activity, as the team hired in April 2018 gained traction. We are maintaining our price target at $75. This equates to 11.3x our newly- introduced CY20 EPS estimate of $6.65, which is inline with high-quality Small- Cap Bank peers.”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.3% and a 61.5% success rate. Diana covers the Financial sector, focusing on stocks such as Manhattan Bridge Capital Inc, Arlington Asset Investment, and Westamerica Bancorporation.
First Savings Financial Group has an analyst consensus of Moderate Buy, with a price target consensus of $75.
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Based on First Savings Financial Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $2.93 million. In comparison, last year the company had a net profit of $1.65 million.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, Chris Fordyce, an Insider at FSFG bought 4,486 shares for a total of $59,440.
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. It operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.
