First Savings Financial Group (NASDAQ:FSFG) Upgraded at Hovde Group

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) was upgraded by research analysts at Hovde Group from a "market perform" rating to an "outperform" rating in a report released on Tuesday, MarketBeat reports. The firm currently has a $34.00 target price on the bank's stock. Hovde Group's price objective would suggest a potential upside of 23.28% from the stock's previous close.

FSFG has been the topic of several other research reports. StockNews.com cut shares of First Savings Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, January 14th. Maxim Group lifted their target price 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. Finally, Piper Sandler increased 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.

First Savings Financial Group Stock Up 1.0 %

FSFG stock traded up $0.28 during trading on Tuesday, reaching $27.58. 36,570 shares of the stock were exchanged, compared to its average volume of 12,098. The firm's 50 day moving average is $25.07 and its 200 day moving average is $26.09. The firm has a market cap of $190.72 million, a P/E ratio of 10.07 and a beta of 0.40. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.96. First Savings Financial Group has a twelve month low of $16.12 and a twelve month high of $30.94.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.21. First Savings Financial Group had a net margin of 13.34% and a return on equity of 8.79%. The business had revenue of $19.55 million during the quarter, compared to analyst estimates of $15.55 million. As a group, research analysts forecast that First Savings Financial Group will post 2.45 EPS for the current year.

Hedge Funds Weigh In On First Savings Financial Group

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank's stock worth $81,000 after buying an additional 1,432 shares during the last quarter. Geode Capital Management LLC boosted its position in First Savings Financial Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank's stock worth $1,387,000 after purchasing an additional 690 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of First Savings Financial Group in the fourth quarter worth about $597,000. O Shaughnessy Asset Management LLC bought a new stake in shares of First Savings Financial Group in the fourth quarter valued at approximately $231,000. Finally, Cerity Partners LLC lifted its stake in shares of First Savings Financial Group by 1.8% during the 4th quarter. Cerity Partners LLC now owns 69,621 shares of the bank's stock valued at $1,849,000 after buying an additional 1,200 shares in the last quarter. 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.