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

Research analysts at StockNews.com began coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the bank’s stock.

First Savings Financial Group Stock Up 3.1 %

FSFG stock opened at $21.48 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. The firm has a market cap of $147.78 million, a PE ratio of 19.89 and a beta of 0.73. First Savings Financial Group has a 1 year low of $13.20 and a 1 year high of $23.52. The company has a fifty day simple moving average of $17.69 and a 200 day simple moving average of $16.97.

Institutional Investors Weigh In On First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC lifted its position in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,930 shares of the bank’s stock after buying an additional 2,209 shares during the quarter. Empowered Funds LLC owned about 0.44% of First Savings Financial Group worth $501,000 as of its most recent filing with the Securities and Exchange Commission. 35.22% of the stock is owned by hedge funds and other institutional investors.

First Savings Financial Group Company Profile

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.