StockNews.com equity researchers have launched a coverage on the shares of First Savings Financial Group (NASDAQ: FSFG – Get Rating) in a research report released Saturday. The company has set a “hold” rating on the bank’s shares.
Separately, Hovde Group launched coverage on First Savings Financial Group in a Wednesday May 18 research report. They issued an “outperform” rating and a $30.00 price target on the stock.
First Savings Financial Group grew by 0.1%
NASDAQ: FSFG opened at $23.55 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt ratio of 1.93. First Savings Financial Group has a 1 year minimum of $23.25 and a 1 year maximum of $29.98. The company has a market capitalization of $168.85 million, a price-earnings ratio of 8.26 and a beta of 0.77. The stock has a fifty-day simple moving average of $24.14 and a 200-day simple moving average of $25.18.
First Savings Financial Group (NASDAQ:FSFG – Get Rating) last reported quarterly earnings data on Monday, April 25. The bank reported EPS of $0.98 for the quarter, beating analyst consensus estimates of $0.37 by $0.61. First Savings Financial Group achieved a return on equity of 11.34% and a net margin of 15.08%. The company posted revenue of $34.09 million in the quarter, versus analyst estimates of $30.10 million. Sell-side analysts expect First Savings Financial Group to post earnings per share of 2.92 for the current year.
Insider Activity at First Savings Financial Group
In other First Savings Financial Group news, CEO Larry W. Myers bought 3,468 shares in a trade on Monday, June 13. The stock was purchased at an average price of $24.19 per share, for a total transaction of $83,890.92. Following the completion of the acquisition, the CEO now directly owns 84,687 shares of the company, valued at $2,048,578.53. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. In other First Savings Financial Group news, CEO Larry W. Myers bought 3,468 shares in a trade on Monday, June 13. The stock was purchased at an average price of $24.19 per share, for a total transaction of $83,890.92. Following the completion of the acquisition, the CEO now directly owns 84,687 shares of the company, valued at $2,048,578.53. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, director Frank Czeschin purchased 3,000 shares in a trade on Thursday, April 28. The shares were acquired at an average price of $24.91 per share, with a total value of $74,730.00. Following the completion of the acquisition, the director now directly owns 30,876 shares of the company, valued at $769,121.16. Disclosure of this purchase can be found here. 14.26% of the shares are currently held by company insiders.
Institutional entries and exits
Several institutional investors and hedge funds have recently changed their holdings in FSFG. BHZ Capital Management LP increased its position in First Savings Financial Group shares by 17.1% during the fourth quarter. BHZ Capital Management LP now owns 32,309 shares in the bank worth $853,000 after purchasing an additional 4,725 shares during the period. Petiole USA ltd acquired a new position in shares of First Savings Financial Group during the fourth quarter worth approximately $590,000. Dimensional Fund Advisors LP increased its position in First Savings Financial Group shares by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank worth $1,259,000 after purchasing an additional 1,220 shares during the period. NewEdge Advisors LLC acquired a new position in shares of First Savings Financial Group during the first quarter worth approximately $472,000. Finally, Fourthstone LLC increased its position in First Savings Financial Group shares by 53.2% during the first quarter. Fourthstone LLC now owns 190,580 shares of the bank worth $4,677,000 after purchasing an additional 66,173 shares during the period. 30.48% of the shares are held by institutional investors and hedge funds.
About First Savings Financial Group
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First Savings Financial Group, Inc operates as a bank holding company for First Savings Bank which 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 term deposits.
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