Research analysts at StockNews.com began coverage on shares of First Savings Financial Group (NASDAQ:FSFG – Get Free Report) in a note issued to investors on Monday. The brokerage set a “hold” rating on the bank’s stock.
Separately, Piper Sandler lifted their price target on First Savings Financial Group from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th.
Get Our Latest Analysis on FSFG
First Savings Financial Group Price Performance
First Savings Financial Group (NASDAQ:FSFG – Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. First Savings Financial Group had a net margin of 4.74% and a return on equity of 7.99%. The business had revenue of $16.90 million during the quarter, compared to analyst estimates of $19.70 million. On average, research analysts forecast that First Savings Financial Group will post 1.5 earnings per share for the current year.
Institutional Trading of First Savings Financial Group
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in First Savings Financial Group by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank’s stock worth $1,259,000 after purchasing an additional 1,220 shares during the period. NewEdge Advisors LLC bought a new position in First Savings Financial Group during the first quarter valued at about $472,000. Fourthstone LLC grew its holdings in First Savings Financial Group by 53.2% during the first quarter. Fourthstone LLC now owns 190,580 shares of the bank’s stock worth $4,677,000 after acquiring an additional 66,173 shares during the period. State Street Corp raised its position in First Savings Financial Group by 8.2% in the first quarter. State Street Corp now owns 24,583 shares of the bank’s stock worth $603,000 after acquiring an additional 1,853 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in First Savings Financial Group by 5,979.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank’s stock valued at $818,000 after acquiring an additional 5,561 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.
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.
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