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

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

First Savings Financial Group Stock Performance

Shares of FSFG opened at $16.33 on Tuesday. The stock has a 50-day simple moving average of $15.70 and a 200-day simple moving average of $15.30. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.04 and a current ratio of 1.08. The stock has a market capitalization of $112.19 million, a PE ratio of 9.96 and a beta of 0.72. First Savings Financial Group has a 1 year low of $11.74 and a 1 year high of $24.09.

First Savings Financial Group (NASDAQ:FSFG) last posted its earnings results on Thursday, July 27th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.21). First Savings Financial Group had a return on equity of 7.07% and a net margin of 9.45%. The business had revenue of $22.06 million for the quarter, compared to analysts’ expectations of $22.80 million. On average, analysts predict that First Savings Financial Group will post 1.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley boosted its position 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. Osaic Holdings Inc. boosted its position in First Savings Financial Group by 133.3% during the second quarter. Osaic Holdings Inc. now owns 3,500 shares of the bank’s stock worth $46,000 after purchasing an additional 2,000 shares in the last quarter. UBS Group AG boosted its position in First Savings Financial Group by 569.2% during the first quarter. UBS Group AG now owns 4,557 shares of the bank’s stock worth $73,000 after purchasing an additional 3,876 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in First Savings Financial Group during the fourth quarter worth $236,000. Finally, EA Series Trust purchased a new stake in First Savings Financial Group during the second quarter worth $306,000. Institutional investors and hedge funds own 25.47% of the company’s stock.

First Savings Financial Group Company Profile

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.