First Savings Financial Group (NASDAQ:FSFG) Raised to "Buy" at Wall Street Zen

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 report issued on Saturday.

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

First Savings Financial Group Price Performance

NASDAQ FSFG traded up $0.39 on Friday, reaching $25.74. 29,665 shares of the company's stock traded hands, compared to its average volume of 22,703. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.10 and a quick ratio of 1.07. First Savings Financial Group has a 12 month low of $21.09 and a 12 month high of $30.94. The stock has a market cap of $178.12 million, a PE ratio of 8.33 and a beta of 0.40. The stock has a 50-day simple moving average of $25.66 and a 200 day simple moving average of $25.41.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last issued its 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 net margin of 14.92% and a return on equity of 10.70%. The firm had revenue of $21.25 million for the quarter, compared to analysts' expectations of $16.94 million. As a group, research analysts predict that First Savings Financial Group will post 2.45 earnings per share for the current year.

Hedge Funds Weigh In On First Savings Financial Group

Hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in First Savings Financial Group in the 4th quarter worth about $287,000. Jane Street Group LLC bought a new stake in shares of First Savings Financial Group during the 4th quarter valued at about $391,000. Millennium Management LLC bought a new stake in shares of First Savings Financial Group during the 4th quarter valued at about $1,041,000. Susquehanna International Group LLP grew its stake in shares of First Savings Financial Group by 617.6% during the 4th quarter. Susquehanna International Group LLP now owns 71,617 shares of the bank's stock valued at $1,902,000 after purchasing an additional 61,637 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of First Savings Financial Group by 27.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 61,169 shares of the bank's stock valued at $1,624,000 after purchasing an additional 13,175 shares during the period. Hedge funds and other institutional investors own 35.22% of the company's stock.

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.