First Savings Financial Group (NASDAQ:FSFG) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of First Savings Financial Group (NASDAQ:FSFG) from a buy rating to a strong-buy rating in a research note published on Thursday morning.

FSFG has been the topic of a number of other reports. Hovde Group initiated coverage on First Savings Financial Group in a report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price target on the stock. Piper Sandler boosted their price target on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday.

First Savings Financial Group Stock Down 0.3 %

NASDAQ FSFG opened at $26.90 on Thursday. The stock’s 50 day moving average is $24.20 and its 200 day moving average is $20.27. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. First Savings Financial Group has a 12 month low of $13.20 and a 12 month high of $27.50. The stock has a market cap of $185.07 million, a PE ratio of 13.59 and a beta of 0.72.

First Savings Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.23%. First Savings Financial Group’s dividend payout ratio (DPR) is 30.30%.

Institutional Trading of First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC raised its position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,930 shares of the bank’s stock after acquiring an additional 2,209 shares during the period. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.