First Savings Financial Group (NASDAQ:FSFG) Rating Lowered to “Buy” at StockNews.com

First Savings Financial Group (NASDAQ:FSFG) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

FSFG has been the subject of a number of other research reports. Hovde Group initiated coverage on First Savings Financial Group in a report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price objective for the company. Piper Sandler upped their target price on shares of First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th.

First Savings Financial Group Stock Up 1.4 %

Shares of NASDAQ:FSFG opened at $26.56 on Thursday. The firm has a market capitalization of $183.21 million, a P/E ratio of 13.41 and a beta of 0.73. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16. The stock has a 50 day moving average price of $28.04 and a 200-day moving average price of $23.90. First Savings Financial Group has a 52-week low of $14.55 and a 52-week high of $30.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of 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 acquiring an additional 1,432 shares in the last quarter. Empowered Funds LLC boosted its stake in First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after purchasing an additional 1,608 shares in the last quarter. Geode Capital Management LLC grew its position in First Savings Financial Group by 1.2% during the 3rd 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 during the last quarter. Cerity Partners LLC increased its stake in 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 in the last quarter. Finally, Fourthstone LLC increased its stake in First Savings Financial Group by 166.2% during the 3rd 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. Hedge funds and other 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.