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

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

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

First Savings Financial Group Stock Performance

Shares of FSFG opened at $28.42 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. First Savings Financial Group has a 12 month low of $14.55 and a 12 month high of $30.94. The firm has a fifty day simple moving average of $27.64 and a 200 day simple moving average of $23.21. The stock has a market capitalization of $195.64 million, a price-to-earnings ratio of 14.35 and a beta of 0.73.

First Savings Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, December 16th. First Savings Financial Group’s payout ratio is presently 30.30%.

Hedge Funds Weigh In On First Savings Financial Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its position in 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 acquiring an additional 1,608 shares during the last quarter. Cerity Partners LLC boosted its stake in First Savings Financial Group by 166.0% in the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after purchasing an additional 42,696 shares during the period. Barclays PLC grew its holdings in First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after buying an additional 1,432 shares in the last quarter. Geode Capital Management LLC increased its position 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 worth $1,387,000 after buying an additional 690 shares during the period. Finally, Fourthstone LLC lifted its holdings in shares of First Savings Financial Group by 166.2% during the third quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after buying an additional 134,029 shares in 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.