StockNews.com Initiates Coverage on First Savings Financial Group (NASDAQ:FSFG)

Investment analysts at StockNews.com initiated coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Piper Sandler raised their price objective on First Savings Financial Group from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th.

First Savings Financial Group Price Performance

FSFG stock opened at $15.05 on Tuesday. First Savings Financial Group has a 52-week low of $11.74 and a 52-week high of $18.54. The stock’s fifty day simple moving average is $16.47 and its 200-day simple moving average is $16.08. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of $103.54 million, a price-to-earnings ratio of 16.72 and a beta of 0.72.

First Savings Financial Group (NASDAQ:FSFG) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. First Savings Financial Group had a return on equity of 7.99% and a net margin of 4.74%. The business had revenue of $16.90 million for the quarter, compared to analysts’ expectations of $19.70 million. Equities research analysts expect that First Savings Financial Group will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of First Savings Financial Group by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 245,237 shares of the bank’s stock worth $4,120,000 after buying an additional 8,369 shares during the period. Fourthstone LLC raised its position in shares of First Savings Financial Group by 53.2% in the 1st quarter. Fourthstone LLC now owns 190,580 shares of the bank’s stock worth $4,677,000 after buying an additional 66,173 shares during the period. Alliancebernstein L.P. raised its position in shares of First Savings Financial Group by 9.8% in the 2nd quarter. Alliancebernstein L.P. now owns 127,195 shares of the bank’s stock worth $1,685,000 after buying an additional 11,400 shares during the period. BlackRock Inc. raised its position in shares of First Savings Financial Group by 1.0% in the 2nd quarter. BlackRock Inc. now owns 93,959 shares of the bank’s stock worth $1,245,000 after buying an additional 909 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of First Savings Financial Group by 8.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 56,543 shares of the bank’s stock worth $1,300,000 after buying an additional 4,185 shares during the period. 35.22% of the stock is owned by hedge funds and other 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.