Maxim Group reiterated their buy rating on shares of First Savings Financial Group Inc (NASDAQ:FSFG) in a research report released on Wednesday. Maxim Group currently has a $55.00 price objective on the bank’s stock.
“Fiscal 2Q17 EPS of $0.94 versus our estimate of $0.93, with continued material contribution from gain on sale of SBA loans. Based mainly on an increased contribution from the gain on sale of SBA loans, we are raising our fiscal 2017 EPS estimate to $3.95, from $3.75. Based on our new 2017 EPS estimate and FSFG’s ongoing transformation from a consumer-focused S&L to a business-focused bank, we are raising our price target to $55, from $52. Our new price target equates to 14.1x our calendar year 2017 EPS estimate, versus 16.9x for peers.”,” Maxim Group’s analyst wrote.
In other news, Director Samuel E. Eckart sold 2,000 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $48.41, for a total transaction of $96,820.00. Following the transaction, the director now owns 17,614 shares in the company, valued at $852,693.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Samuel E. Eckart sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $48.44, for a total transaction of $48,440.00. Following the transaction, the director now owns 15,458 shares in the company, valued at approximately $748,785.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,693 shares of company stock valued at $227,489. First Savings Financial Group Company Profile
First Savings Financial Group, Inc is a bank holding company for First Savings Bank (the Bank). The Company’s principal business activity is the ownership of the outstanding common stock of First Savings Bank. The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.