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

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

Other equities research analysts have also issued reports about the stock. Piper Sandler upped 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 assumed coverage on shares of First Savings Financial Group in a research note on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price objective for the company.

First Savings Financial Group Price Performance

Shares of First Savings Financial Group stock opened at $28.78 on Tuesday. 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 $13.20 and a one year high of $29.05. The business’s 50 day simple moving average is $24.78 and its two-hundred day simple moving average is $20.92. The stock has a market capitalization of $198.01 million, a P/E ratio of 14.58 and a beta of 0.72.

Institutional Trading of First Savings Financial Group

A hedge fund recently raised its stake in First Savings Financial Group stock. Cerity Partners LLC lifted its stake in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 166.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,421 shares of the bank’s stock after purchasing an additional 42,696 shares during the period. Cerity Partners LLC owned 0.99% of First Savings Financial Group worth $1,629,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.