First Savings Financial Group (NASDAQ:FSFG) Stock Rating Upgraded by StockNews.com

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

Several other analysts also recently issued reports on the stock. Hovde Group initiated coverage on shares of First Savings Financial Group in a research note on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price objective for the company. Piper Sandler raised their price target on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday.

First Savings Financial Group Stock Performance

Shares of NASDAQ:FSFG opened at $26.90 on Thursday. The firm has a fifty day simple moving average of $24.20 and a two-hundred day simple moving average of $20.23. First Savings Financial Group has a 52 week low of $13.20 and a 52 week high of $27.50. 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 stock has a market capitalization of $185.07 million, a P/E ratio of 13.59 and a beta of 0.73.

Institutional Trading of First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC grew its holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,930 shares of the bank’s stock after buying an additional 2,209 shares during the period. Empowered Funds LLC owned 0.44% of First Savings Financial Group worth $501,000 as of its most recent filing with the Securities & Exchange Commission. 35.22% of the stock is currently 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.