Investment analysts at StockNews.com started coverage on shares of First Savings Financial Group (NASDAQ:FSFG – Get Rating) in a report issued on Sunday. The brokerage set a "hold" rating on the bank's stock.
First Savings Financial Group Stock Up 3.2 %
First Savings Financial Group stock opened at $23.56 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.96 and a current ratio of 1.10. First Savings Financial Group has a one year low of $22.65 and a one year high of $29.98. The company has a 50-day simple moving average of $23.45 and a 200-day simple moving average of $24.22. The firm has a market capitalization of $167.04 million, a P/E ratio of 8.99 and a beta of 0.73.
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First Savings Financial Group (NASDAQ:FSFG – Get Rating) last posted its earnings results on Monday, July 25th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.29). The firm had revenue of $25.94 million during the quarter, compared to the consensus estimate of $28.80 million. First Savings Financial Group had a return on equity of 10.55% and a net margin of 14.54%. As a group, equities analysts expect that First Savings Financial Group will post 2.67 earnings per share for the current year.
Insider Buying and Selling
In other First Savings Financial Group news, CFO Anthony A. Schoen sold 16,629 shares of the business's stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $22.85, for a total transaction of $379,972.65. Following the sale, the chief financial officer now directly owns 93,711 shares in the company, valued at approximately $2,141,296.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.26% of the company's stock.
Institutional Investors Weigh In On First Savings Financial Group
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fourthstone LLC boosted its position in shares of First Savings Financial Group by 53.2% during the 1st quarter. Fourthstone LLC now owns 190,580 shares of the bank's stock valued at $4,677,000 after purchasing an additional 66,173 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in First Savings Financial Group by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank's stock worth $1,259,000 after buying an additional 1,220 shares in the last quarter. Strategic Value Bank Partners LLC acquired a new position in First Savings Financial Group in the second quarter worth approximately $1,152,000. State Street Corp increased its holdings in shares of First Savings Financial Group by 8.2% in the first quarter. State Street Corp now owns 24,583 shares of the bank's stock valued at $603,000 after buying an additional 1,853 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of First Savings Financial Group during the 1st quarter valued at $472,000. 26.38% of the stock is currently owned by institutional investors.
About First Savings Financial Group
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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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