StockNews.com Downgrades First Savings Financial Group (NASDAQ:FSFG) to Buy

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

Other equities research analysts have also issued research reports about the company. Piper Sandler increased their price target on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Hovde Group initiated coverage on First Savings Financial Group in a research note on Wednesday, September 11th. They set a “market perform” rating and a $24.00 target price on the stock.

First Savings Financial Group Stock Performance

FSFG opened at $25.35 on Thursday. The company has a 50 day simple moving average of $28.06 and a two-hundred day simple moving average of $23.98. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.09. The firm has a market cap of $174.86 million, a P/E ratio of 12.80 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fourthstone LLC lifted its holdings in shares of First Savings Financial Group by 166.2% in the 3rd 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 raised its position in 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 period. Empowered Funds LLC lifted 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 boosted its holdings in shares of First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock worth $81,000 after purchasing an additional 1,432 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of 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. 35.22% of the stock is currently owned by institutional investors.

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.