First Savings Financial Group (NASDAQ:FSFG) Now Covered by StockNews.com

Posted by on Apr 6th, 2023

Equities research analysts at StockNews.com started coverage on shares of First Savings Financial Group (NASDAQ:FSFG – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the bank’s stock.

FSFG has been the topic of a number of other research reports. TheStreet cut shares of First Savings Financial Group from a “b-” rating to a “c+” rating in a research report on Friday, January 20th. Piper Sandler cut their price target on shares of First Savings Financial Group from $27.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 8th.

First Savings Financial Group Trading Down 3.2 %

Shares of FSFG stock opened at $15.36 on Thursday. The company’s 50-day moving average price is $18.31 and its 200-day moving average price is $20.66. First Savings Financial Group has a twelve month low of $15.36 and a twelve month high of $25.73. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 2.95. The stock has a market cap of $106.29 million, a price-to-earnings ratio of 7.28 and a beta of 0.63.

Insider Buying and Selling

In other news, Director Steven R. Stemler bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were purchased at an average cost of $19.00 per share, for a total transaction of $285,000.00. Following the completion of the purchase, the director now owns 25,740 shares of the company’s stock, valued at $489,060. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 14.90% of the company’s stock.

Institutional Trading of First Savings Financial Group

A number of large investors have recently made changes to their positions in FSFG. Morgan Stanley raised its holdings 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 purchasing an additional 1,224 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in First Savings Financial Group by 5,979.6% during the first quarter. BNP Paribas Arbitrage SA now owns 5,654 shares of the bank’s stock worth $818,000 after purchasing an additional 5,561 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in First Savings Financial Group during the fourth quarter worth approximately $236,000. Renaissance Technologies LLC raised its holdings in First Savings Financial Group by 5.0% during the second quarter. Renaissance Technologies LLC now owns 16,700 shares of the bank’s stock worth $400,000 after purchasing an additional 800 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in First Savings Financial Group during the first quarter worth approximately $472,000. 25.95% of the stock is currently owned by hedge funds and other institutional investors.

About First Savings Financial Group

(Get Rating)

First Savings Financial Group, Inc operates as a savings and loans holding company for First Savings Bank FSB, a federally chartered savings bank. The firm operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.

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