First Savings Financial Group (NASDAQ:FSFG) Lowered to “Buy” Rating by StockNews.com

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

A number of other research firms have also weighed in on FSFG. Piper Sandler lifted their target price 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. Hovde Group initiated coverage on shares of First Savings Financial Group in a research note on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price objective for the company.

First Savings Financial Group Stock Performance

Shares of NASDAQ FSFG traded down $0.43 during mid-day trading on Tuesday, hitting $28.42. The company had a trading volume of 8,866 shares, compared to its average volume of 9,128. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. First Savings Financial Group has a 1 year low of $14.55 and a 1 year high of $30.94. The company has a market capitalization of $195.64 million, a price-to-earnings ratio of 14.35 and a beta of 0.73. The stock’s 50-day moving average price is $27.64 and its 200-day moving average price is $23.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings 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 valued at $767,000 after purchasing an additional 1,608 shares during the last quarter. Cerity Partners LLC boosted its position 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 buying an additional 42,696 shares during the period. Barclays PLC grew its stake in shares of First Savings Financial Group by 72.9% during 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 during the last quarter. Geode Capital Management LLC increased 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 worth $1,387,000 after buying an additional 690 shares during the period. Finally, Fourthstone LLC lifted its stake in shares of 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 acquiring an additional 134,029 shares during the last quarter. 35.22% of the stock is currently 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.