First Savings Financial Group (NASDAQ:FSFG) Upgraded by Wall Street Zen to Buy Rating

Key Points

• First Savings Financial Group has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a positive shift in analyst sentiment.
• Piper Sandler and Hovde Group also raised their target prices for the stock, with Piper Sandler increasing it from $30.00 to $32.00 and Hovde Group setting a $34.00 price objective.
• The company's latest earnings report showed strong performance, with a reported EPS of $0.81, exceeding the consensus estimate of $0.72.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also recently issued reports on FSFG. Piper Sandler increased their price objective on shares of First Savings Financial Group from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday, April 29th. Maxim Group raised their price target on shares of First Savings Financial Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Finally, Hovde Group raised shares of First Savings Financial Group from a "market perform" rating to an "outperform" rating and set a $34.00 price objective for the company in a report on Tuesday, May 6th.

First Savings Financial Group Stock Performance

Shares of FSFG stock traded down $0.25 during mid-day trading on Friday, hitting $25.67. 5,023 shares of the stock were exchanged, compared to its average volume of 22,576. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.07 and a current ratio of 1.10. First Savings Financial Group has a 12-month low of $21.31 and a 12-month high of $30.94. The stock has a market capitalization of $177.61 million, a price-to-earnings ratio of 8.30 and a beta of 0.40. The stock's fifty day simple moving average is $25.61 and its two-hundred day simple moving average is $25.41.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its quarterly earnings data 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 10.70% and a net margin of 14.92%. The firm had revenue of $21.25 million during the quarter, compared to the consensus estimate of $16.94 million. On average, analysts forecast that First Savings Financial Group will post 2.45 EPS for the current year.

Institutional Trading of First Savings Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSFG. Citadel Advisors LLC acquired a new stake in First Savings Financial Group in the 4th quarter valued at $287,000. Jane Street Group LLC bought a new stake in First Savings Financial Group in the fourth quarter valued at $391,000. Millennium Management LLC purchased a new position in First Savings Financial Group during the fourth quarter valued at $1,041,000. Susquehanna International Group LLP lifted its position in First Savings Financial Group by 617.6% during the fourth quarter. Susquehanna International Group LLP now owns 71,617 shares of the bank's stock valued at $1,902,000 after buying an additional 61,637 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in First Savings Financial Group by 27.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 61,169 shares of the bank's stock valued at $1,624,000 after buying an additional 13,175 shares during the period. 35.22% of the stock is owned by institutional investors.

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.