First Savings Financial Group (NASDAQ:FSFG) Upgraded at StockNews.com

StockNews.com upgraded shares of First Savings Financial Group (NASDAQ:FSFG) from a buy rating to a strong-buy rating in a research note published on Thursday morning.

FSFG has been the subject of several other research reports. Piper Sandler lifted their price target on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday. Hovde Group assumed 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 target for the company.

First Savings Financial Group Stock Performance

Shares of First Savings Financial Group stock opened at $26.90 on Thursday. 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 capitalization of $185.07 million, a P/E ratio of 13.59 and a beta of 0.72. The business has a fifty day simple moving average of $24.20 and a two-hundred day simple moving average of $20.27. First Savings Financial Group has a 12 month low of $13.20 and a 12 month high of $27.50.

First Savings Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.15 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.60 annualized dividend and a yield of 2.23%. First Savings Financial Group’s payout ratio is 30.30%.

Institutional Investors Weigh In On First Savings Financial Group

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC raised its position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the first quarter, according to the company in its most recent filing 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 quarter. Empowered Funds LLC owned 0.44% of First Savings Financial Group worth $501,000 as of its most recent SEC filing. Institutional investors and hedge funds own 35.22% of the company’s stock.

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.