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 report released on Tuesday.

Several other analysts have also recently weighed in on FSFG. Piper Sandler upped their price objective on shares of First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Hovde Group began coverage on First Savings Financial Group in a research note on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 target price for the company.

First Savings Financial Group Trading Down 1.5 %

FSFG stock opened at $28.42 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. The firm has a market cap of $195.64 million, a P/E ratio of 14.35 and a beta of 0.73. First Savings Financial Group has a 1-year low of $14.55 and a 1-year high of $30.94. The business’s 50 day moving average is $27.64 and its 200-day moving average is $23.21.

First Savings Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.60 annualized dividend and a yield of 2.11%. First Savings Financial Group’s dividend payout ratio is currently 30.30%.

Institutional Investors Weigh In On First Savings Financial Group

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

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.