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.

FSFG has been the topic of several other research reports. Piper Sandler boosted 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 report on Wednesday, October 30th. Hovde Group initiated coverage on shares of First Savings Financial Group in a research note on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price objective for the company.

First Savings Financial Group Stock Up 0.5 %

FSFG stock opened at $27.10 on Tuesday. The company has a 50-day moving average of $27.77 and a two-hundred day moving average of $23.27. First Savings Financial Group has a 52-week low of $14.55 and a 52-week high of $30.94. The stock has a market capitalization of $186.94 million, a price-to-earnings ratio of 13.69 and a beta of 0.73. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.09.

First Savings Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Monday, December 16th. First Savings Financial Group’s dividend payout ratio is 30.30%.

Institutional Investors Weigh In On First Savings Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Fourthstone LLC boosted its holdings in 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 acquiring an additional 134,029 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of 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 last quarter. Empowered Funds LLC boosted its stake in shares of First Savings Financial Group by 5.3% in the 3rd 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 during the last quarter. Barclays PLC grew its position 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 worth $81,000 after buying an additional 1,432 shares during the period. Finally, Geode Capital Management LLC raised its stake 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 buying an additional 690 shares during 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.