First Savings Financial Group (NASDAQ:FSFG) Upgraded by StockNews.com to “Strong-Buy” Rating

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

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

First Savings Financial Group Trading Up 3.1 %

Shares of NASDAQ FSFG opened at $26.18 on Wednesday. First Savings Financial Group has a twelve month low of $14.55 and a twelve month high of $30.94. The stock has a market cap of $180.59 million, a price-to-earnings ratio of 13.22 and a beta of 0.73. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. The company’s fifty day moving average is $27.86 and its 200-day moving average is $23.56.

Hedge Funds Weigh In On First Savings Financial Group

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in shares of 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 purchasing an additional 1,608 shares in the last quarter. Cerity Partners LLC raised its position in First Savings Financial Group by 166.0% in the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after buying an additional 42,696 shares during the last quarter. Barclays PLC raised its position in First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after buying an additional 1,432 shares during the last quarter. Geode Capital Management LLC lifted its stake in First Savings Financial Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock valued at $1,387,000 after acquiring an additional 690 shares in the last quarter. Finally, Fourthstone LLC boosted its position in First Savings Financial Group by 166.2% during the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after acquiring an additional 134,029 shares during the last quarter. Institutional investors own 35.22% of the company’s stock.

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.