StockNews.com Downgrades First Savings Financial Group (NASDAQ:FSFG) to Buy

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

A number of other brokerages have also weighed in on FSFG. 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. Hovde Group began coverage on shares of First Savings Financial Group in a research note on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 target price for the company.

First Savings Financial Group Stock Down 3.2 %

NASDAQ:FSFG opened at $25.35 on Thursday. First Savings Financial Group has a twelve month low of $14.55 and a twelve month high of $30.94. The stock has a fifty day simple moving average of $28.06 and a 200-day simple moving average of $23.98. The company has a market cap of $174.86 million, a price-to-earnings ratio of 12.80 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83.

Hedge Funds Weigh In On First Savings Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after purchasing an additional 1,432 shares during the last quarter. Empowered Funds LLC increased its position in First Savings Financial Group by 5.3% during the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after purchasing an additional 1,608 shares during the last quarter. Geode Capital Management LLC raised its stake in First Savings Financial Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock worth $1,387,000 after purchasing an additional 690 shares during the period. Cerity Partners LLC boosted its holdings in First Savings Financial Group by 166.0% in the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after purchasing an additional 42,696 shares during the last quarter. Finally, Fourthstone LLC grew its stake in shares of First Savings Financial Group by 166.2% in the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after buying an additional 134,029 shares during the period. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.