First Savings Financial Group (NASDAQ:FSFG) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a note issued to investors on Friday. The firm set a “hold” rating on the bank’s stock.

First Savings Financial Group Stock Performance

NASDAQ:FSFG opened at $17.99 on Friday. The stock’s fifty day moving average is $16.59 and its 200 day moving average is $16.64. First Savings Financial Group has a fifty-two week low of $13.20 and a fifty-two week high of $18.80. The firm has a market capitalization of $123.83 million, a PE ratio of 16.66 and a beta of 0.73. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.08 and a current ratio of 1.09.

First Savings Financial Group (NASDAQ:FSFG) last released its earnings results on Thursday, April 25th. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. First Savings Financial Group had a return on equity of 7.91% and a net margin of 5.59%. The business had revenue of $18.05 million for the quarter, compared to analyst estimates of $18.00 million. On average, sell-side analysts anticipate that First Savings Financial Group will post 1.5 earnings per share for the current year.

Institutional Trading of First Savings Financial Group

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