First Savings Financial Group (NASDAQ:FSFG) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of First Savings Financial Group (NASDAQ:FSFGGet Rating) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the bank’s stock.

Separately, Piper Sandler reduced their price target on shares of First Savings Financial Group to $27.00 in a research report on Friday, November 4th.

First Savings Financial Group Price Performance

FSFG stock opened at $23.03 on Monday. The firm has a 50-day moving average of $22.87 and a two-hundred day moving average of $23.52. The company has a current ratio of 1.10, a quick ratio of 0.96 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $163.31 million, a PE ratio of 10.01 and a beta of 0.65. First Savings Financial Group has a one year low of $22.18 and a one year high of $28.55.

Insider Activity at First Savings Financial Group

In related news, CFO Anthony A. Schoen sold 16,629 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $22.85, for a total transaction of $379,972.65. Following the transaction, the chief financial officer now owns 93,711 shares of the company’s stock, valued at $2,141,296.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 14.26% of the company’s stock.

Hedge Funds Weigh In On First Savings Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSFG. Renaissance Technologies LLC grew its holdings in First Savings Financial Group by 5.0% during the second quarter. Renaissance Technologies LLC now owns 16,700 shares of the bank’s stock valued at $400,000 after purchasing an additional 800 shares during the last quarter. NewEdge Advisors LLC acquired a new position in First Savings Financial Group during the first quarter valued at approximately $472,000. State Street Corp grew its holdings in First Savings Financial Group by 8.2% during the first quarter. State Street Corp now owns 24,583 shares of the bank’s stock valued at $603,000 after purchasing an additional 1,853 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in First Savings Financial Group by 5,979.6% during the first quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank’s stock valued at $818,000 after purchasing an additional 5,561 shares during the last quarter. Finally, Strategic Value Bank Partners LLC acquired a new position in First Savings Financial Group during the second quarter valued at approximately $1,152,000. Institutional investors and hedge funds own 26.38% of the company’s stock.

About First Savings Financial Group

(Get Rating)

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.

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