First Savings Financial Group’s (FSFG) “Buy” Rating Reiterated at Maxim Group
“F4Q18 EPS was $1.15, with a stable NIM and solid loan growth. F4Q18 EPS declined from F3Q18, mainly due to lower gains from the sale of SBA loans. We expect gains from SBA loan sales to revert to normal levels in FY19, and make a strong contribution.”,” Maxim Group’s analyst wrote.
Separately, ValuEngine cut First Savings Financial Group from a buy rating to a hold rating in a research note on Thursday, September 27th.
Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of First Savings Financial Group by 21.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,265 shares of the bank’s stock worth $438,000 after purchasing an additional 1,087 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of First Savings Financial Group in the third quarter worth $225,000. BlackRock Inc. raised its stake in shares of First Savings Financial Group by 4.7% in the third quarter. BlackRock Inc. now owns 78,088 shares of the bank’s stock worth $5,331,000 after purchasing an additional 3,498 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of First Savings Financial Group in the second quarter worth $258,000. Finally, Northern Trust Corp purchased a new position in shares of First Savings Financial Group in the second quarter worth $328,000. Hedge funds and other institutional investors own 24.59% of the company’s stock.
First Savings Financial Group Company Profile
First Savings Financial Group, Inc operates as the holding company for First Savings Bank that provides various banking services to individuals and business customers in southern Indiana. The company operates through Core Banking and SBA Lending segments. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, time deposits, and certificates of deposit.
Featured Story: Insider Trading
Receive News & Ratings for First Savings Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Savings Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.