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

StockNews.com began coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating on the bank’s stock.

Separately, Piper Sandler increased their price objective on First Savings Financial Group from $20.00 to $26.50 and gave the stock an “overweight” rating in a report on Wednesday, July 31st.

First Savings Financial Group Trading Down 2.8 %

NASDAQ:FSFG opened at $22.58 on Wednesday. The stock’s 50 day moving average price is $18.78 and its 200 day moving average price is $17.28. First Savings Financial Group has a 52 week low of $13.20 and a 52 week high of $23.99. The company has a market capitalization of $155.42 million, a P/E ratio of 20.91 and a beta of 0.73. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.08 and a current ratio of 1.09.

Hedge Funds Weigh In On First Savings Financial Group

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC raised its stake in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the period. Empowered Funds LLC owned 0.44% of First Savings Financial Group worth $501,000 as of its most recent SEC filing. 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.