Stock analysts at StockNews.com started coverage on shares of First Savings Financial Group (NASDAQ:FSFG – Get Free Report) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the bank’s stock.
Separately, Piper Sandler lifted their target price on First Savings Financial Group from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th.
Get Our Latest Research Report on FSFG
First Savings Financial Group Stock Down 1.5 %
First Savings Financial Group (NASDAQ:FSFG – Get Free Report) last released its earnings results on Tuesday, January 30th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04. The company had revenue of $16.90 million during the quarter, compared to analysts’ expectations of $19.70 million. First Savings Financial Group had a return on equity of 7.99% and a net margin of 4.74%. On average, equities research analysts forecast that First Savings Financial Group will post 1.5 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in FSFG. Fourthstone LLC boosted its position in shares of First Savings Financial Group by 53.2% in the 1st quarter. Fourthstone LLC now owns 190,580 shares of the bank’s stock worth $4,677,000 after purchasing an additional 66,173 shares during the last quarter. BlackRock Inc. boosted its position in shares of First Savings Financial Group by 103.1% in the 3rd quarter. BlackRock Inc. now owns 82,272 shares of the bank’s stock worth $1,891,000 after purchasing an additional 41,765 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of First Savings Financial Group by 55.7% in the 4th quarter. Alliancebernstein L.P. now owns 98,190 shares of the bank’s stock worth $1,964,000 after purchasing an additional 35,140 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of First Savings Financial Group in the 1st quarter worth $472,000. Finally, Susquehanna International Group LLP bought a new position in shares of First Savings Financial Group in the 4th quarter worth $236,000. 35.22% of the stock is currently owned by institutional investors.
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.
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