Stock analysts at StockNews.com initiated coverage on shares of First Savings Financial Group (NASDAQ:FSFG – Get Free Report) in a report issued on Tuesday. The brokerage 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.
Check Out Our Latest Report on First Savings Financial Group
First Savings Financial Group Stock Performance
First Savings Financial Group (NASDAQ:FSFG – Get Free Report) last announced its quarterly 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 firm had revenue of $16.90 million for the quarter, compared to analyst estimates 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 expect that First Savings Financial Group will post 1.5 earnings per share for the current fiscal year.
Hedge Funds Weigh In On First Savings Financial Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in FSFG. Fourthstone LLC grew its stake in shares of First Savings Financial Group by 53.2% during the first quarter. Fourthstone LLC now owns 190,580 shares of the bank’s stock worth $4,677,000 after acquiring an additional 66,173 shares during the last quarter. BlackRock Inc. grew its stake in shares of First Savings Financial Group by 103.1% during the third quarter. BlackRock Inc. now owns 82,272 shares of the bank’s stock worth $1,891,000 after acquiring an additional 41,765 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of First Savings Financial Group by 55.7% during the fourth quarter. Alliancebernstein L.P. now owns 98,190 shares of the bank’s stock worth $1,964,000 after acquiring an additional 35,140 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of First Savings Financial Group during the first quarter worth about $472,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of First Savings Financial Group during the fourth quarter worth about $236,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.
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.
Further Reading
- Five stocks we like better than First Savings Financial Group
- ESG Stocks, What Investors Should Know
- United Airlines Soars on Earnings Beat
- Bank Stocks – Best Bank Stocks to Invest In
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Stock Market Sectors: What Are They and How Many Are There?
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for First Savings Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Savings Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.