First Savings Financial Group (NASDAQ:FSFG) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• First Savings Financial Group's stock price recently rose above its 200-day moving average of $25.60, trading as high as $27.86 before closing at $27.58.
• Analysts have set a new average price target of $32.33 for the stock, with ratings ranging from "outperform" to "hold" based on recent reports.
• The company reported earnings per share of $0.81 for the last quarter, outpacing expectations, with revenue also exceeding analyst predictions at $21.25 million.

First Savings Financial Group, Inc. (NASDAQ:FSFG - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.60 and traded as high as $27.86. First Savings Financial Group shares last traded at $27.58, with a volume of 6,274 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Piper Sandler upped their price target on First Savings Financial Group from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Tuesday, April 29th. Hovde Group upgraded 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 report on Tuesday, May 6th. Finally, Wall Street Zen downgraded First Savings Financial Group from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $32.33.

First Savings Financial Group Stock Performance

The company has a 50-day simple moving average of $25.83 and a two-hundred day simple moving average of $25.60. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of 2.53. The firm has a market cap of $192.51 million, a PE ratio of 8.93 and a beta of 0.40.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.81 earnings per share 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 business had revenue of $21.25 million for the quarter, compared to analysts' expectations of $16.94 million. As a group, equities research analysts forecast that First Savings Financial Group, Inc. will post 2.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FSFG. Dimensional Fund Advisors LP boosted its position in First Savings Financial Group by 27.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,169 shares of the bank's stock worth $1,624,000 after purchasing an additional 13,175 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in First Savings Financial Group by 130.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 990 shares of the bank's stock worth $26,000 after purchasing an additional 561 shares during the last quarter. Susquehanna International Group LLP boosted its position in First Savings Financial Group by 617.6% in the fourth quarter. Susquehanna International Group LLP now owns 71,617 shares of the bank's stock worth $1,902,000 after purchasing an additional 61,637 shares during the last quarter. Northern Trust Corp boosted its position in First Savings Financial Group by 17.3% in the fourth quarter. Northern Trust Corp now owns 46,449 shares of the bank's stock worth $1,234,000 after purchasing an additional 6,863 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in First Savings Financial Group in the fourth quarter worth $275,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.