StockNews.com Initiates Coverage on First Savings Financial Group (NASDAQ:FSFG)

Research analysts at StockNews.com initiated coverage on shares of First Savings Financial Group (NASDAQ:FSFG – Get Rating) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the bank’s stock.

FSFG has been the subject of a number of other research reports. TheStreet lowered First Savings Financial Group from a “b-” rating to a “c+” rating in a research report on Friday, January 20th. Piper Sandler decreased their price objective on shares of First Savings Financial Group from $21.00 to $19.50 in a research note on Tuesday, May 2nd.

First Savings Financial Group Trading Down 1.8 %

Shares of FSFG stock opened at $11.88 on Tuesday. First Savings Financial Group has a 52-week low of $11.74 and a 52-week high of $25.73. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.06 and a current ratio of 1.09. The firm has a market capitalization of $81.57 million, a PE ratio of 7.11 and a beta of 0.63. The stock has a fifty day simple moving average of $15.47 and a two-hundred day simple moving average of $18.96.

Insiders Place Their Bets

In other news, Director Steven R. Stemler acquired 15,000 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was acquired at an average price of $19.00 per share, for a total transaction of $285,000.00. Following the completion of the transaction, the director now owns 25,740 shares in the company, valued at approximately $489,060. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 14.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley lifted its stake in First Savings Financial Group by 266.7% in the 4th quarter. Morgan Stanley now owns 1,683 shares of the bank’s stock valued at $34,000 after buying an additional 1,224 shares in the last quarter. UBS Group AG lifted its stake in First Savings Financial Group by 569.2% in the 1st quarter. UBS Group AG now owns 4,557 shares of the bank’s stock valued at $73,000 after buying an additional 3,876 shares in the last quarter. Susquehanna International Group LLP purchased a new position in First Savings Financial Group in the 4th quarter valued at about $236,000. Renaissance Technologies LLC lifted its stake in First Savings Financial Group by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 16,700 shares of the bank’s stock valued at $400,000 after buying an additional 800 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in First Savings Financial Group in the 1st quarter valued at about $472,000. 25.95% of the stock is owned by hedge funds and other institutional investors.

About First Savings Financial Group

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First Savings Financial Group, Inc operates as a savings and loans holding company for First Savings Bank FSB, a federally chartered savings bank. The firm operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.