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

StockNews.com downgraded shares of First Savings Financial Group (NASDAQ:FSFG - Free Report) from a strong-buy rating to a buy rating in a report issued on Tuesday.

Separately, Piper Sandler increased their price target on First Savings Financial Group from $27.50 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th.

First Savings Financial Group Trading Down 0.4 %

Shares of NASDAQ FSFG traded down $0.11 during midday trading on Tuesday, hitting $24.66. The stock had a trading volume of 7,263 shares, compared to its average volume of 11,121. The company has a fifty day moving average price of $27.92 and a 200 day moving average price of $24.47. The company has a market capitalization of $170.38 million, a price-to-earnings ratio of 12.45 and a beta of 0.75. First Savings Financial Group has a 1-year low of $14.55 and a 1-year high of $30.94. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83.

First Savings Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Monday, December 16th. First Savings Financial Group's dividend payout ratio is currently 30.30%.

Institutional Investors Weigh In On First Savings Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of First Savings Financial Group by 72.9% during the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank's stock valued at $81,000 after purchasing an additional 1,432 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 worth $1,387,000 after acquiring an additional 690 shares during the period. Fourthstone LLC lifted 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. Cerity Partners LLC boosted its holdings 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 acquiring an additional 42,696 shares during the period. Finally, Empowered Funds LLC grew its position 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 during the last quarter. 35.22% of the stock is owned by hedge funds and other 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.