First Savings Financial Group (NASDAQ:FSFG) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of First Savings Financial Group (NASDAQ:FSFGGet Rating) in a report issued on Saturday morning. The firm issued a hold rating on the bank’s stock.

Several other equities analysts have also recently commented on FSFG. Zacks Investment Research raised shares of First Savings Financial Group from a sell rating to a hold rating in a research note on Tuesday, March 29th. Hovde Group initiated coverage on shares of First Savings Financial Group in a report on Wednesday, May 18th. They set an outperform rating and a $30.00 price target for the company.

FSFG opened at $24.52 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 1.93. The stock has a market cap of $175.79 million, a PE ratio of 8.60 and a beta of 0.79. The company has a fifty day moving average of $24.84 and a 200-day moving average of $25.79. First Savings Financial Group has a twelve month low of $23.38 and a twelve month high of $29.98.

First Savings Financial Group (NASDAQ:FSFGGet Rating) last released its quarterly earnings results on Monday, April 25th. The bank reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.44. First Savings Financial Group had a net margin of 15.08% and a return on equity of 11.35%. Sell-side analysts anticipate that First Savings Financial Group will post 2.92 EPS for the current fiscal year.

In other news, Director Frank Czeschin bought 3,000 shares of First Savings Financial Group stock in a transaction that occurred on Thursday, April 28th. The stock was bought at an average cost of $24.91 per share, with a total value of $74,730.00. Following the acquisition, the director now owns 30,876 shares of the company’s stock, valued at approximately $769,121.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.26% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC bought a new stake in shares of First Savings Financial Group during the fourth quarter worth $34,000. Royal Bank of Canada grew its stake in shares of First Savings Financial Group by 365.6% during the second quarter. Royal Bank of Canada now owns 759 shares of the bank’s stock worth $56,000 after acquiring an additional 596 shares during the last quarter. Morgan Stanley grew its stake in shares of First Savings Financial Group by 25.2% during the second quarter. Morgan Stanley now owns 820 shares of the bank’s stock worth $61,000 after acquiring an additional 165 shares during the last quarter. UBS Group AG lifted its holdings in shares of First Savings Financial Group by 1,239.3% during the third quarter. UBS Group AG now owns 3,000 shares of the bank’s stock worth $84,000 after purchasing an additional 2,776 shares during the period. Finally, Barclays PLC lifted its holdings in shares of First Savings Financial Group by 198.2% during the third quarter. Barclays PLC now owns 4,145 shares of the bank’s stock worth $116,000 after purchasing an additional 2,755 shares during the period. Institutional investors own 30.48% of the company’s stock.

About First Savings Financial Group (Get Rating)

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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