First Savings Financial Group (NASDAQ:FSFG) Cut to Buy at StockNews.com

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

Separately, Piper Sandler lifted 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 research note on Wednesday, October 30th.

First Savings Financial Group Stock Performance

Shares of FSFG opened at $25.54 on Tuesday. The firm’s 50 day moving average is $27.76 and its 200-day moving average is $24.53. The stock has a market capitalization of $176.46 million, a P/E ratio of 12.90 and a beta of 0.75. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.07. First Savings Financial Group has a 12-month low of $14.55 and a 12-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. Stockholders of record on Monday, December 16th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Monday, December 16th. First Savings Financial Group’s dividend payout ratio (DPR) is currently 30.30%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Fourthstone LLC increased its position in shares of First Savings Financial Group by 166.2% in the third quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after acquiring an additional 134,029 shares in the last quarter. Cerity Partners LLC increased its position in shares of First Savings Financial Group by 166.0% in the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after acquiring an additional 42,696 shares in the last quarter. Geode Capital Management LLC grew its position in First Savings Financial Group by 1.2% during the third 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 grew 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 valued at $767,000 after purchasing an additional 1,608 shares in the last quarter. Finally, Barclays PLC grew 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 valued at $81,000 after purchasing an additional 1,432 shares in the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.