StockNews.com Upgrades First Savings Financial Group (NASDAQ:FSFG) to “Strong-Buy”

First Savings Financial Group (NASDAQ:FSFG) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

A number of other research firms have also recently weighed in on FSFG. Hovde Group started coverage on shares of First Savings Financial Group in a report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price objective on the stock. Piper Sandler raised their price target on shares of First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday.

First Savings Financial Group Stock Performance

NASDAQ FSFG traded down $0.01 during trading hours on Thursday, hitting $26.99. The company had a trading volume of 10,959 shares, compared to its average volume of 6,733. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. The firm has a market cap of $185.77 million, a P/E ratio of 24.99 and a beta of 0.73. First Savings Financial Group has a fifty-two week low of $13.20 and a fifty-two week high of $27.26. The business has a fifty day simple moving average of $24.13 and a 200-day simple moving average of $20.15.

Institutional Investors Weigh In On First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC raised its position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the quarter. Empowered Funds LLC owned about 0.44% of First Savings Financial Group worth $501,000 as of its most recent SEC filing. 35.22% of the stock is currently owned by institutional investors.

First Savings Financial Group Company Profile

First Savings Financial Group, Inc operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.