First Savings Financial Group (NASDAQ:FSFG) Earns "Buy (B-)" Rating from Weiss Ratings

Key Points

• First Savings Financial Group received a "buy (B-)" rating from Weiss Ratings, indicating a positive outlook from certain analysts despite recent downgrades by other ratings firms.
• The stock currently has an average target price of $32.33, reflecting investor interest, but has seen divergent rating outcomes with some analysts shifting to a "hold" stance.
• Recently, hedge funds have actively adjusted their positions in First Savings Financial Group, with significant increases in ownership by institutions such as Goldman Sachs and JPMorgan Chase.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report)'s stock had its "buy (b-)" rating reiterated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered First Savings Financial Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $32.33.

First Savings Financial Group Price Performance

NASDAQ:FSFG opened at $31.32 on Wednesday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.12 and a current ratio of 1.16. The stock has a fifty day moving average of $27.79 and a 200 day moving average of $26.39. First Savings Financial Group has a 52-week low of $21.63 and a 52-week high of $33.00. The firm has a market capitalization of $218.61 million, a price-to-earnings ratio of 10.14 and a beta of 0.54.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The bank reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. First Savings Financial Group had a return on equity of 10.60% and a net margin of 14.92%.The firm had revenue of $21.25 million during the quarter, compared to analyst estimates of $16.94 million. On average, research analysts expect that First Savings Financial Group will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of First Savings Financial Group by 18.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,073 shares of the bank's stock worth $878,000 after acquiring an additional 5,206 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of First Savings Financial Group by 22.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,485 shares of the bank's stock worth $708,000 after acquiring an additional 4,997 shares during the period. Marshall Wace LLP purchased a new position in shares of First Savings Financial Group during the 2nd quarter worth approximately $222,000. JPMorgan Chase & Co. grew its holdings in shares of First Savings Financial Group by 27,143.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,173 shares of the bank's stock worth $205,000 after acquiring an additional 8,143 shares during the period. Finally, New York State Common Retirement Fund purchased a new position in shares of First Savings Financial Group during the 2nd quarter worth approximately $105,000. Hedge funds and other institutional investors 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.

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