First Savings Financial Group (NASDAQ:FSFG) Downgraded to Buy Rating by 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.

Separately, Piper Sandler lifted their target price on shares of 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 Performance

Shares of FSFG opened at $25.54 on Tuesday. The company’s 50 day moving average price is $27.76 and its 200 day moving average price is $24.53. First Savings Financial Group has a 52 week low of $14.55 and a 52 week high of $30.94. The company has a market capitalization of $176.46 million, a PE ratio of 12.90 and a beta of 0.75. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.07 and a current ratio of 1.08.

First Savings Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Monday, December 16th. First Savings Financial Group’s dividend payout ratio (DPR) is presently 30.30%.

Institutional Trading of First Savings Financial Group

A number of institutional investors have recently added to or reduced their stakes in FSFG. Empowered Funds LLC lifted its stake 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 valued at $767,000 after acquiring an additional 1,608 shares during the last quarter. Cerity Partners LLC lifted its stake 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 buying an additional 42,696 shares during the last quarter. Fourthstone LLC lifted its stake 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 buying an additional 134,029 shares during the last quarter. Barclays PLC lifted its stake in shares of First Savings Financial Group by 72.9% in the third 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 last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of First Savings Financial Group by 1.2% in 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. 35.22% of the stock is currently 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.