First Savings Financial Group (NASDAQ:FSFG) Rating Increased 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 report report published on Tuesday morning.

Other analysts also recently issued research reports about the company. Hovde Group assumed coverage on First Savings Financial Group in a research note on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price target on the stock. Piper Sandler lifted their target price on First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th.

First Savings Financial Group Stock Up 0.7 %

First Savings Financial Group stock opened at $28.50 on Tuesday. First Savings Financial Group has a twelve month low of $13.20 and a twelve month high of $28.56. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. The company has a 50 day moving average of $24.68 and a 200-day moving average of $20.83. The stock has a market capitalization of $196.08 million, a PE ratio of 14.39 and a beta of 0.72.

First Savings Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.15 per share. The ex-dividend date was Friday, September 13th. This represents a $0.60 annualized dividend and a yield of 2.11%. First Savings Financial Group’s dividend payout ratio (DPR) is presently 30.30%.

Hedge Funds Weigh In On First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Cerity Partners LLC raised its stake in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 166.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,421 shares of the bank’s stock after purchasing an additional 42,696 shares during the quarter. Cerity Partners LLC owned approximately 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.

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.