First Savings Financial Group (NASDAQ:FSFG) Stock Rating Lowered by Wall Street Zen

Key Points

• First Savings Financial Group's stock was downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting changing analyst sentiments.
• Despite the downgrade, Piper Sandler and Hovde Group have positioned the company with upgraded price targets, suggesting underlying confidence, with targets of $32.00 and $34.00, respectively.
• First Savings Financial Group reported earnings of $0.81 per share in its last quarter, exceeding estimates and indicating strong revenue performance.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday.

Several other brokerages have also recently weighed in on FSFG. Piper Sandler lifted their price target on First Savings Financial Group from $30.00 to $32.00 and gave the company an "overweight" rating in a research 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 research report on Tuesday, May 6th. Finally, Maxim Group lifted their price target on First Savings Financial Group from $28.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, April 28th.

First Savings Financial Group Stock Up 0.4%

Shares of FSFG opened at $25.59 on Friday. The company has a market capitalization of $177.08 million, a price-to-earnings ratio of 8.28 and a beta of 0.40. First Savings Financial Group has a 52 week low of $21.63 and a 52 week high of $30.94. The stock's 50-day moving average price is $25.52 and its 200-day moving average price is $25.42. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 2.10.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The bank reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.09. The company had revenue of $21.25 million during the quarter, compared to analysts' expectations of $16.94 million. First Savings Financial Group had a return on equity of 10.70% and a net margin of 14.92%. On average, sell-side analysts predict that First Savings Financial Group will post 2.45 EPS for the current year.

Hedge Funds Weigh In On First Savings Financial Group

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new position in shares of First Savings Financial Group in the 4th quarter valued at about $287,000. Jane Street Group LLC purchased a new stake in First Savings Financial Group during the 4th quarter worth approximately $391,000. Millennium Management LLC purchased a new stake in First Savings Financial Group during the 4th quarter worth approximately $1,041,000. Susquehanna International Group LLP increased its stake in 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 worth $1,902,000 after buying an additional 61,637 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in 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 worth $1,624,000 after buying an additional 13,175 shares in the last quarter. 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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