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

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

Other research analysts also recently issued research reports about the stock. Hovde Group assumed 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 price objective on the stock. Piper Sandler boosted their price target on First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th.

First Savings Financial Group Stock Down 0.4 %

FSFG stock opened at $25.39 on Wednesday. The stock has a market capitalization of $175.14 million, a price-to-earnings ratio of 12.82 and a beta of 0.73. The company has a 50-day moving average of $27.82 and a two-hundred day moving average of $23.49. First Savings Financial Group has a 52-week low of $14.55 and a 52-week high of $30.94. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.09.

Hedge Funds Weigh In On First Savings Financial Group

Several institutional investors have recently bought and sold shares of FSFG. Barclays PLC grew its holdings in First Savings Financial Group by 72.9% during 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 raised its stake in shares of First Savings Financial Group by 5.3% in 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. Geode Capital Management LLC lifted its position in shares of 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 worth $1,387,000 after purchasing an additional 690 shares in the last quarter. Cerity Partners LLC grew its stake in shares of First Savings Financial Group by 166.0% during the third 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 last quarter. Finally, Fourthstone LLC increased its holdings 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 valued at $5,111,000 after purchasing an additional 134,029 shares in the last quarter. Institutional investors 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.