First Savings Financial Group (NASDAQ:FSFG) Downgraded to Buy Rating 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 note issued to investors on Thursday.

FSFG has been the topic of a number of other reports. Piper Sandler raised 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 assumed coverage on First Savings Financial Group in a research note on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price target for the company.

First Savings Financial Group Stock Down 1.4 %

FSFG opened at $26.19 on Thursday. The stock has a market capitalization of $180.66 million, a price-to-earnings ratio of 13.23 and a beta of 0.73. The firm has a 50 day moving average price of $28.07 and a 200-day moving average price of $23.92. First Savings Financial Group has a twelve month low of $14.55 and a twelve month high of $30.94. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.60 annualized dividend and a yield of 2.29%. First Savings Financial Group’s dividend payout ratio (DPR) is presently 30.30%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in First Savings Financial Group by 5.3% during the 3rd 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 period. Cerity Partners LLC raised its position in shares of 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 purchasing an additional 42,696 shares during the period. Barclays PLC lifted its stake in shares of First Savings Financial Group by 72.9% during 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 boosted 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 worth $1,387,000 after buying an additional 690 shares during the period. Finally, Fourthstone LLC increased its stake in First Savings Financial Group by 166.2% in the 3rd 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. Institutional investors own 35.22% of the company’s stock.

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.