Maxim analyst Michael Diana lowered the firm’s price target on First Savings Financial Group (FSFG) to $28 from $32 but keeps a Buy rating on the shares. The analyst cites the company’s Q1 earnings miss driven by higher expenses and a loss in SBA banking, though the firm expects SBA banking results to turn positive in the second half of the year. First Savings’ credit quality also remains strong, with net charge-offs of only 0.02% of average loans, Maxim added.
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