First Savings Financial Group (NASDAQ:FSFG) Downgraded by StockNews.com to Buy

First Savings Financial Group (NASDAQ:FSFGGet Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Separately, Piper Sandler increased their price target on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

Get Our Latest Analysis on FSFG

First Savings Financial Group Trading Down 0.5 %

Shares of First Savings Financial Group stock opened at $24.77 on Tuesday. First Savings Financial Group has a fifty-two week low of $14.55 and a fifty-two week high of $30.94. The firm has a market cap of $171.14 million, a PE ratio of 12.51 and a beta of 0.75. The business’s fifty day moving average is $27.92 and its two-hundred day moving average is $24.47. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Barclays PLC raised its position in shares of First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock worth $81,000 after buying an additional 1,432 shares during the period. Empowered Funds LLC raised its position in shares of First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after buying an additional 1,608 shares during the period. Geode Capital Management LLC raised its position in shares of First Savings Financial Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock worth $1,387,000 after buying an additional 690 shares during the period. Cerity Partners LLC raised its position in shares of First Savings Financial Group by 166.0% in the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after buying an additional 42,696 shares during the period. Finally, Fourthstone LLC raised its position in shares of First Savings Financial Group by 166.2% in the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after buying an additional 134,029 shares during the period. 35.22% of the stock is owned by hedge funds and other institutional investors.

About First Savings Financial Group

(Get Free Report)

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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