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

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

Separately, Piper Sandler lifted their price target 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.

First Savings Financial Group Price Performance

Shares of First Savings Financial Group stock opened at $24.32 on Tuesday. The firm has a market cap of $168.03 million, a PE ratio of 12.28 and a beta of 0.75. The business has a 50-day moving average price of $27.87 and a 200 day moving average price of $24.52. 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 twelve month low of $14.55 and a twelve month high of $30.94.

First Savings Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.47%. First Savings Financial Group’s payout ratio is currently 30.30%.

Institutional Trading of First Savings Financial Group

A number of institutional investors have recently made changes to their positions in FSFG. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 690 shares in the last quarter. Empowered Funds LLC lifted its stake 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 worth $767,000 after buying an additional 1,608 shares in the last quarter. Barclays PLC boosted its position in First Savings Financial Group by 72.9% during the third quarter. Barclays PLC now owns 3,396 shares of the bank’s stock worth $81,000 after acquiring an additional 1,432 shares during the last quarter. Cerity Partners LLC grew its stake in First Savings Financial Group by 166.0% during the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after acquiring an additional 42,696 shares in the last quarter. Finally, Fourthstone LLC raised 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 valued at $5,111,000 after acquiring an additional 134,029 shares during the last quarter. 35.22% of the stock is owned by institutional investors and hedge funds.

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.