First Savings Financial Group (NASDAQ:FSFG) Research Coverage Started at StockNews.com

Research analysts at StockNews.com started coverage on shares of First Savings Financial Group (NASDAQ:FSFG - Get Free Report) in a note issued to investors on Monday. The firm set a "hold" rating on the bank's stock.

Separately, Piper Sandler boosted their price target on First Savings Financial Group from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, February 6th.

First Savings Financial Group Stock Performance

Shares of First Savings Financial Group stock traded down $0.20 during trading on Monday, reaching $15.86. The company's stock had a trading volume of 7,602 shares, compared to its average volume of 5,842. The firm has a market cap of $109.12 million, a PE ratio of 17.62 and a beta of 0.72. The business's 50-day moving average price is $16.84 and its 200-day moving average price is $16.05. First Savings Financial Group has a 52 week low of $11.74 and a 52 week high of $18.54. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 2.47.

First Savings Financial Group (NASDAQ:FSFG - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The bank reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.04. The business had revenue of $16.90 million during the quarter, compared to the consensus estimate of $19.70 million. First Savings Financial Group had a return on equity of 7.99% and a net margin of 4.74%. Equities analysts forecast that First Savings Financial Group will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Morgan Stanley raised its stake in First Savings Financial Group by 266.7% during the fourth quarter. Morgan Stanley now owns 1,683 shares of the bank's stock worth $34,000 after acquiring an additional 1,224 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of First Savings Financial Group by 133.3% in the second quarter. Osaic Holdings Inc. now owns 3,500 shares of the bank's stock valued at $46,000 after buying an additional 2,000 shares during the period. UBS Group AG increased its stake in shares of First Savings Financial Group by 569.2% in the first quarter. UBS Group AG now owns 4,557 shares of the bank's stock valued at $73,000 after buying an additional 3,876 shares during the period. Susquehanna International Group LLP acquired a new position in shares of First Savings Financial Group in the fourth quarter valued at approximately $236,000. Finally, Renaissance Technologies LLC increased its stake in shares of First Savings Financial Group by 5.0% in the second quarter. Renaissance Technologies LLC now owns 16,700 shares of the bank's stock valued at $400,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds 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.