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 report issued on Wednesday. The firm set a “hold” rating on the bank’s stock.

Separately, Piper Sandler dropped their price target on First Savings Financial Group from $21.00 to $19.50 in a research report on Tuesday, May 2nd.

First Savings Financial Group Trading Up 0.8 %

NASDAQ:FSFG opened at $12.81 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.09 and a debt-to-equity ratio of 2.92. The business’s 50 day moving average is $14.79 and its two-hundred day moving average is $18.53. First Savings Financial Group has a 52 week low of $11.74 and a 52 week high of $25.73. The company has a market cap of $87.95 million, a PE ratio of 7.67 and a beta of 0.63.

Insider Activity at First Savings Financial Group

In other First Savings Financial Group news, Director Steven R. Stemler bought 15,000 shares of the stock in a transaction that occurred on Friday, March 10th. The shares were purchased at an average cost of $19.00 per share, for a total transaction of $285,000.00. Following the transaction, the director now directly owns 25,740 shares in the company, valued at $489,060. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.90% of the stock is owned by insiders.

Hedge Funds Weigh In On First Savings Financial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BHZ Capital Management LP boosted its stake in First Savings Financial Group by 6.7% during the 1st quarter. BHZ Capital Management LP now owns 35,796 shares of the bank’s stock valued at $576,000 after purchasing an additional 2,236 shares in the last quarter. UBS Group AG boosted its stake in First Savings Financial Group by 569.2% during the 1st quarter. UBS Group AG now owns 4,557 shares of the bank’s stock valued at $73,000 after purchasing an additional 3,876 shares in the last quarter. Alliancebernstein L.P. boosted its stake in First Savings Financial Group by 55.7% during the 4th quarter. Alliancebernstein L.P. now owns 98,190 shares of the bank’s stock valued at $1,964,000 after purchasing an additional 35,140 shares in the last quarter. Morgan Stanley boosted its stake in First Savings Financial Group by 266.7% during the 4th quarter. Morgan Stanley now owns 1,683 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in First Savings Financial Group during the 4th quarter valued at $236,000. 25.95% of the stock is owned by institutional investors.

First Savings Financial Group Company Profile

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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.