First Savings Financial Group (NASDAQ:FSFG) Downgraded to “Buy” Rating by StockNews.com

StockNews.com lowered shares of First Savings Financial Group (NASDAQ:FSFG) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.

Several other analysts have also commented on FSFG. 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 report on Wednesday, October 30th. Hovde Group initiated coverage on First Savings Financial Group in a research note on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price target for the company.

First Savings Financial Group Trading Down 3.2 %

First Savings Financial Group stock opened at $25.35 on Thursday. The firm has a market cap of $174.86 million, a PE ratio of 12.80 and a beta of 0.75. First Savings Financial Group has a 12 month low of $14.55 and a 12 month high of $30.94. The stock’s 50 day simple moving average is $28.06 and its two-hundred day simple moving average is $23.98. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83.

First Savings Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Monday, December 16th. First Savings Financial Group’s payout ratio is 30.30%.

Institutional Trading of First Savings Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of FSFG. Empowered Funds LLC increased its position in shares of First Savings Financial Group by 5.3% during the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after purchasing an additional 1,608 shares in the last quarter. Cerity Partners LLC boosted its position in First Savings Financial Group by 166.0% during the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after acquiring an additional 42,696 shares during the last quarter. Barclays PLC grew its stake in First Savings Financial Group by 72.9% during the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after acquiring an additional 1,432 shares in the last quarter. Geode Capital Management LLC raised its holdings in First Savings Financial Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after acquiring an additional 690 shares during the last quarter. Finally, Fourthstone LLC lifted its stake in First Savings Financial Group by 166.2% in the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after purchasing an additional 134,029 shares in the last quarter. Hedge funds and other institutional investors own 35.22% of the company’s stock.

About First Savings Financial Group

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.