First Savings Financial Group (NASDAQ:FSFG) Upgraded to Strong-Buy at StockNews.com

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

FSFG has been the topic of a number of other research reports. Hovde Group assumed coverage on First Savings Financial Group in a report on Wednesday, September 11th. They issued a "market perform" rating and a $24.00 target price on the stock. Piper Sandler boosted their target price on shares of First Savings Financial Group from $27.50 to $31.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th.

First Savings Financial Group Stock Performance

First Savings Financial Group stock traded down $0.11 during midday trading on Wednesday, reaching $25.39. 5,365 shares of the company traded hands, compared to its average volume of 9,295. The business has a 50 day moving average of $27.84 and a two-hundred day moving average of $23.55. The firm has a market capitalization of $175.14 million, a price-to-earnings ratio of 12.82 and a beta of 0.73. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.09. First Savings Financial Group has a 12 month low of $14.55 and a 12 month high of $30.94.

First Savings Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Monday, December 16th. First Savings Financial Group's dividend payout ratio is presently 30.30%.

Institutional Investors Weigh In On First Savings Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in 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 buying an additional 1,432 shares in the last quarter. Empowered Funds LLC boosted its stake 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 worth $767,000 after acquiring an additional 1,608 shares during the period. Geode Capital Management LLC grew its position in shares of First Savings Financial Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank's stock worth $1,387,000 after purchasing an additional 690 shares in the last quarter. Cerity Partners LLC raised its stake in First Savings Financial Group by 166.0% during the 3rd 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. Finally, Fourthstone LLC raised its stake in First Savings Financial Group by 166.2% during the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank's stock valued at $5,111,000 after purchasing an additional 134,029 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.