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

First Savings Financial Group (NASDAQ:FSFG) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, Piper Sandler raised their price target on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th.

First Savings Financial Group Stock Performance

NASDAQ FSFG opened at $24.77 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. First Savings Financial Group has a 52-week low of $14.55 and a 52-week high of $30.94. The business’s 50-day moving average price is $27.92 and its 200 day moving average price is $24.47. The firm has a market cap of $171.14 million, a P/E ratio of 12.51 and a beta of 0.75.

Institutional Investors Weigh In On First Savings Financial Group

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

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.