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

StockNews.com upgraded shares of First Savings Financial Group (NASDAQ:FSFG) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday morning.

Several other research firms have also recently weighed in on FSFG. Piper Sandler lifted their target price 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. Hovde Group began 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 target for the company.

First Savings Financial Group Stock Performance

Shares of FSFG stock opened at $25.39 on Wednesday. The company has a market capitalization of $175.14 million, a price-to-earnings ratio of 12.82 and a beta of 0.73. First Savings Financial Group has a 1-year low of $14.55 and a 1-year high of $30.94. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. The stock’s fifty day simple moving average is $27.84 and its 200-day simple moving average is $23.55.

First Savings Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a yield of 2.36%. First Savings Financial Group’s payout ratio is 30.30%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its holdings 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 during the last quarter. Empowered Funds LLC increased its holdings in 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 buying an additional 1,608 shares during the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 690 shares in the last quarter. Cerity Partners LLC lifted its stake in First Savings Financial Group by 166.0% in the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after acquiring an additional 42,696 shares during the last quarter. Finally, Fourthstone LLC lifted its stake 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. 35.22% of the stock is owned by institutional investors and hedge funds.

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.