First Savings Financial Group (NASDAQ:FSFG) Upgraded to Strong-Buy 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 report released on Wednesday.

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

First Savings Financial Group Price Performance

Shares of NASDAQ:FSFG opened at $25.39 on Wednesday. The firm’s 50 day moving average is $27.84 and its two-hundred day moving average is $23.55. The firm has a market capitalization of $175.14 million, a P/E ratio of 12.82 and a beta of 0.73. 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 52 week low of $14.55 and a 52 week high of $30.94.

First Savings Financial Group Announces Dividend

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 $0.15 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.36%. First Savings Financial Group’s payout ratio is currently 30.30%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in shares of First Savings Financial Group by 72.9% in the 3rd 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. Empowered Funds LLC increased its stake in First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after purchasing an additional 1,608 shares in the last quarter. Geode Capital Management LLC increased its stake 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 worth $1,387,000 after purchasing an additional 690 shares in the last quarter. Cerity Partners LLC raised its holdings 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 worth $1,629,000 after buying an additional 42,696 shares during the period. Finally, Fourthstone LLC lifted its stake in First Savings Financial Group by 166.2% during the third quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after buying an additional 134,029 shares in the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

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.