First Savings Financial Group (NASDAQ:FSFG) Upgraded at StockNews.com

First Savings Financial Group (NASDAQ:FSFG) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

A number of other equities research analysts have also recently issued reports on FSFG. Hovde Group began coverage on First Savings Financial Group in a report on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price objective for the company. Piper Sandler upped their price objective on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th.

First Savings Financial Group Stock Up 0.7 %

FSFG stock traded up $0.20 during midday trading on Tuesday, hitting $28.50. The company’s stock had a trading volume of 21,531 shares, compared to its average volume of 7,502. The stock has a market capitalization of $196.08 million, a P/E ratio of 14.39 and a beta of 0.72. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.09. The company’s fifty day moving average price is $24.68 and its 200 day moving average price is $20.83. First Savings Financial Group has a twelve month low of $13.20 and a twelve month high of $28.56.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Savings Financial Group stock. Cerity Partners LLC grew its stake in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 166.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 68,421 shares of the bank’s stock after acquiring an additional 42,696 shares during the period. Cerity Partners LLC owned about 0.99% of First Savings Financial Group worth $1,629,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 35.22% of the company’s stock.

First Savings Financial Group Company Profile

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.