First Savings Financial Group (NASDAQ:FSFG) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of First Savings Financial Group (NASDAQ:FSFGFree Report) in a research note released on Monday. The firm issued a hold rating on the bank’s stock.

Separately, Piper Sandler increased their price target on First Savings Financial Group from $19.00 to $21.00 and gave the company an overweight rating in a report on Tuesday, February 6th.

Check Out Our Latest Stock Analysis on First Savings Financial Group

First Savings Financial Group Stock Performance

NASDAQ:FSFG opened at $17.00 on Monday. The stock’s fifty day moving average is $16.78 and its 200 day moving average is $15.99. First Savings Financial Group has a fifty-two week low of $11.74 and a fifty-two week high of $19.72. The firm has a market capitalization of $116.96 million, a PE ratio of 18.89 and a beta of 0.75. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.06 and a current ratio of 1.09.

First Savings Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.29%. The ex-dividend date was Thursday, December 14th. First Savings Financial Group’s dividend payout ratio (DPR) is presently 62.22%.

Hedge Funds Weigh In On First Savings Financial Group

Several hedge funds have recently bought and sold shares of the business. Morgan Stanley grew its position in shares of First Savings Financial Group by 266.7% during the 4th quarter. Morgan Stanley now owns 1,683 shares of the bank’s stock worth $34,000 after buying an additional 1,224 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of First Savings Financial Group by 133.3% during the 2nd quarter. Osaic Holdings Inc. now owns 3,500 shares of the bank’s stock worth $46,000 after buying an additional 2,000 shares in the last quarter. UBS Group AG grew its position in shares of First Savings Financial Group by 569.2% during the 1st quarter. UBS Group AG now owns 4,557 shares of the bank’s stock worth $73,000 after buying an additional 3,876 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of First Savings Financial Group during the 4th quarter worth $236,000. Finally, EA Series Trust bought a new position in shares of First Savings Financial Group during the 2nd quarter worth $306,000. Institutional investors own 25.47% of the company’s stock.

About First Savings Financial Group

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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.

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