StockNews.com Initiates Coverage on First Savings Financial Group (NASDAQ:FSFG)

Stock analysts at StockNews.com initiated coverage on shares of First Savings Financial Group (NASDAQ:FSFGGet Free Report) in a research note issued on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

First Savings Financial Group Stock Performance

NASDAQ FSFG opened at $16.41 on Tuesday. The company has a market cap of $112.90 million, a P/E ratio of 15.19 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. The business’s 50 day moving average price is $16.10 and its 200-day moving average price is $16.43. First Savings Financial Group has a fifty-two week low of $11.90 and a fifty-two week high of $18.54.

First Savings Financial Group (NASDAQ:FSFGGet Free Report) last released its earnings results on Thursday, April 25th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.09. The firm had revenue of $18.05 million for the quarter, compared to the consensus estimate of $18.00 million. First Savings Financial Group had a return on equity of 7.91% and a net margin of 5.59%. Sell-side analysts predict that First Savings Financial Group will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC raised its holdings in First Savings Financial Group, Inc. (NASDAQ:FSFGFree Report) by 8.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,930 shares of the bank’s stock after acquiring an additional 2,209 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 35.22% of the company’s stock.

First Savings Financial Group Company Profile

(Get Free Report)

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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