First Savings Financial Group (NASDAQ:FSFG) Stock Rating Upgraded by StockNews.com

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

Several other research analysts have also issued reports on FSFG. Hovde Group started coverage on shares of First Savings Financial Group in a research note on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price target for the company. Piper Sandler upped their price objective on shares of 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 Price Performance

FSFG opened at $28.78 on Tuesday. 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 company has a market cap of $198.01 million, a price-to-earnings ratio of 14.58 and a beta of 0.72. The stock has a fifty day simple moving average of $24.78 and a two-hundred day simple moving average of $20.92. First Savings Financial Group has a 12-month low of $13.20 and a 12-month high of $29.05.

Institutional Investors Weigh In On First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Cerity Partners LLC lifted its holdings in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 166.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,421 shares of the bank’s stock after buying an additional 42,696 shares during the period. Cerity Partners LLC owned approximately 0.99% of First Savings Financial Group worth $1,629,000 at the end of the most recent reporting period. 35.22% of the stock is currently 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.