StockNews.com Downgrades First Savings Financial Group (NASDAQ:FSFG) to Buy

First Savings Financial Group (NASDAQ:FSFG) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Several other equities research analysts have also recently weighed in on FSFG. Hovde Group assumed coverage on First Savings Financial Group in a research report on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price target on the stock. Piper Sandler raised their price target on First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th.

First Savings Financial Group Price Performance

Shares of NASDAQ FSFG opened at $26.56 on Thursday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16. First Savings Financial Group has a fifty-two week low of $14.55 and a fifty-two week high of $30.94. The stock has a market cap of $183.21 million, a PE ratio of 13.41 and a beta of 0.73. The stock has a fifty day moving average of $28.04 and a 200-day moving average of $23.90.

Institutional Trading of First Savings Financial Group

Several hedge funds have recently added to or reduced their stakes in FSFG. Empowered Funds LLC increased its position in shares of First Savings Financial Group by 5.3% in the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock valued at $767,000 after acquiring an additional 1,608 shares during the period. Cerity Partners LLC grew its stake in shares of First Savings Financial Group by 166.0% in the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after purchasing an additional 42,696 shares during the last quarter. Barclays PLC increased its holdings 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 purchasing an additional 1,432 shares during the period. Geode Capital Management LLC raised its position in First Savings Financial Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after purchasing an additional 690 shares during the last quarter. Finally, Fourthstone LLC lifted its holdings 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 buying an additional 134,029 shares during the period. 35.22% of the stock is owned by institutional investors.

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.