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 research report sent to investors on Thursday.

Several other research analysts also recently commented on the stock. Piper Sandler raised their price target on shares of First Savings Financial Group from $27.50 to $31.00 and gave the company 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 issued a "market perform" rating and a $24.00 price objective on the stock.

First Savings Financial Group Price Performance

Shares of FSFG traded down $0.37 during midday trading on Thursday, hitting $26.19. 9,330 shares of the company traded hands, compared to its average volume of 9,370. The stock has a 50-day moving average of $28.07 and a 200-day moving average of $23.92. 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 one year low of $14.55 and a one year high of $30.94. The firm has a market cap of $180.66 million, a P/E ratio of 13.23 and a beta of 0.73.

First Savings Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Monday, December 16th. First Savings Financial Group's dividend payout ratio is currently 30.30%.

Hedge Funds Weigh In On First Savings Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fourthstone LLC lifted its holdings in shares of 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 lifted its stake 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 worth $1,629,000 after purchasing an additional 42,696 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 during the last quarter. Empowered Funds LLC boosted its holdings in shares of First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank's stock worth $767,000 after purchasing an additional 1,608 shares in the last quarter. Finally, Barclays PLC increased its position 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 during the last quarter. Hedge funds and other 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.