First Savings Financial Group (NASDAQ:FSFG) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.00 and traded as high as $33.98. First Savings Financial Group shares last traded at $33.98, with a volume of 117,600 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Savings Financial Group in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, First Savings Financial Group currently has an average rating of “Buy” and an average target price of $32.33.

First Savings Financial Group Stock Performance

The company has a 50-day moving average of $33.16 and a 200-day moving average of $31.04. The firm has a market capitalization of $238.37 million, a price-to-earnings ratio of 10.27 and a beta of 0.45. The company has a current ratio of 1.15, a quick ratio of 1.12 and a debt-to-equity ratio of 2.41.

Institutional Investors Weigh In On First Savings Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Water Island Capital LLC acquired a new position in First Savings Financial Group in the fourth quarter valued at approximately $280,000. Oxford Asset Management LLP acquired a new stake in shares of First Savings Financial Group during the 4th quarter worth approximately $244,000. AQR Capital Management LLC lifted its holdings in shares of First Savings Financial Group by 12.8% in the 4th quarter. AQR Capital Management LLC now owns 22,362 shares of the bank’s stock worth $712,000 after purchasing an additional 2,538 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its position in First Savings Financial Group by 125.6% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 19,400 shares of the bank’s stock valued at $618,000 after purchasing an additional 10,800 shares during the period. Finally, Barclays PLC grew its stake in First Savings Financial Group by 8.5% during the 4th quarter. Barclays PLC now owns 10,607 shares of the bank’s stock worth $338,000 after buying an additional 831 shares during the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

First Savings Financial Group Company Profile

First Savings Financial Group, Inc is a bank holding company headquartered in Fairfield, Iowa, serving as the parent of First Savings Bank. The company operates as a community-based financial services provider, offering banking and financial products to individuals, small businesses, and agricultural clients in its regional markets.

Through its subsidiary First Savings Bank, the company delivers a suite of deposit and lending solutions that includes checking and savings accounts, consumer and residential mortgage loans, commercial and agricultural lending, and treasury management services.