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

StockNews.com assumed coverage on shares of First Savings Financial Group (NASDAQ:FSFGFree Report) in a report issued on Monday. The firm issued a hold rating on the bank’s stock.

Separately, Piper Sandler upped their price target on First Savings Financial Group from $19.00 to $21.00 and gave the stock an overweight rating in a report on Tuesday, February 6th.

Get Our Latest Stock Analysis on FSFG

First Savings Financial Group Price Performance

Shares of NASDAQ FSFG opened at $17.00 on Monday. The stock’s 50-day moving average is $16.78 and its two-hundred day moving average is $15.99. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.09 and a quick ratio of 1.06. First Savings Financial Group has a 1-year low of $11.74 and a 1-year high of $19.72. The company has a market cap of $116.96 million, a price-to-earnings ratio of 18.89 and a beta of 0.75.

First Savings Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.29%. First Savings Financial Group’s payout ratio is currently 62.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in First Savings Financial Group by 266.7% during the 4th quarter. Morgan Stanley now owns 1,683 shares of the bank’s stock worth $34,000 after acquiring an additional 1,224 shares during the period. Osaic Holdings Inc. lifted its position in First Savings Financial Group by 133.3% during the 2nd quarter. Osaic Holdings Inc. now owns 3,500 shares of the bank’s stock worth $46,000 after acquiring an additional 2,000 shares during the period. UBS Group AG lifted its position 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 worth $73,000 after acquiring an additional 3,876 shares during the period. BNP Paribas Arbitrage SA lifted its position in First Savings Financial Group by 5,979.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank’s stock worth $818,000 after acquiring an additional 5,561 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of First Savings Financial Group in the 4th quarter valued at approximately $236,000. Hedge funds and other institutional investors own 25.47% of the company’s stock.

About First Savings Financial Group

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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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