First Savings Financial Group (NASDAQ:FSFG) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of First Savings Financial Group (NASDAQ:FSFG) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.

FSFG has been the subject of a number of other research reports. Piper Sandler increased their target price on shares of First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Hovde Group began coverage on First Savings Financial Group in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price objective for the company.

First Savings Financial Group Trading Down 1.5 %

Shares of FSFG stock opened at $25.80 on Wednesday. First Savings Financial Group has a 12 month low of $14.55 and a 12 month high of $30.94. The company has a market cap of $177.97 million, a PE ratio of 13.03 and a beta of 0.73. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. The business’s 50 day moving average is $27.92 and its two-hundred day moving average is $23.65.

First Savings Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.60 annualized dividend and a dividend yield of 2.33%. First Savings Financial Group’s dividend payout ratio is presently 30.30%.

Hedge Funds Weigh In On First Savings Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of 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 acquiring an additional 1,432 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 in the last quarter. Fourthstone LLC raised its position 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 purchasing an additional 134,029 shares during the last quarter. Cerity Partners LLC boosted its stake in 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 in the last quarter. Finally, Empowered Funds LLC grew its holdings 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 during the last quarter. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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.