First Savings Financial Group (NASDAQ:FSFG) Upgraded at Hovde Group

Hovde Group upgraded shares of First Savings Financial Group (NASDAQ:FSFG) from a market perform rating to an outperform rating in a research note released on Tuesday, Marketbeat.com reports. Hovde Group currently has $34.00 price objective on the bank’s stock.

A number of other brokerages have also weighed in on FSFG. StockNews.com lowered shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. Maxim Group raised their price objective on First Savings Financial Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Monday, April 28th. Finally, Piper Sandler upped their target price on First Savings Financial Group from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, April 29th.

First Savings Financial Group Stock Up 0.1 %

NASDAQ FSFG opened at $27.30 on Tuesday. The business has a fifty day moving average price of $25.03 and a two-hundred day moving average price of $26.06. The stock has a market capitalization of $188.78 million, a PE ratio of 9.96 and a beta of 0.40. First Savings Financial Group has a fifty-two week low of $15.95 and a fifty-two week high of $30.94. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.08 and a quick ratio of 1.07.

First Savings Financial Group (NASDAQ:FSFG) last released its quarterly earnings data on Thursday, April 24th. The bank reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.21. The business had revenue of $19.55 million for the quarter, compared to analyst estimates of $15.55 million. First Savings Financial Group had a return on equity of 8.79% and a net margin of 13.34%. Equities analysts expect that First Savings Financial Group will post 2.45 earnings per share for the current fiscal year.

First Savings Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.16 dividend. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.34%. First Savings Financial Group’s payout ratio is currently 22.78%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FSFG. Tower Research Capital LLC TRC raised its position in shares of First Savings Financial Group by 130.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 990 shares of the bank’s stock worth $26,000 after acquiring an additional 561 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in First Savings Financial Group during the 4th quarter valued at approximately $76,000. Barclays PLC raised its holdings in First Savings Financial Group by 72.9% during the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock worth $81,000 after purchasing an additional 1,432 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of First Savings Financial Group in the 4th quarter worth approximately $153,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of First Savings Financial Group during the fourth quarter worth $231,000. 35.22% of the stock is owned by institutional investors and hedge funds.

About First Savings Financial Group

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.