StockNews.com began to cover the shares of First financial savings group (NASDAQ: FSFG – Get a rating) in a research report released Saturday. The company has set a “hold” rating on the bank’s shares.
The FSFG has been the subject of a number of other reports. The Hovde Group began covering shares of First Savings Financial Group in a report released on Wednesday. They set an “outperform” rating and a target price of $30.00 for the company. Zacks Investment Research upgraded shares of First Savings Financial Group from a “sell” rating to a “hold” rating in a Tuesday, March 29 research report.
Shares of Action FSFG opened at $24.47 on Friday. First Savings Financial Group has a 12-month low of $23.38 and a 12-month high of $29.98. The company has a debt ratio of 1.93, a current ratio of 1.05 and a quick ratio of 0.93. The company has a market capitalization of $175.45 million, a P/E ratio of 8.59 and a beta of 0.79. The company’s fifty-day moving average price is $24.86 and its two-hundred-day moving average price is $25.86.
First financial savings group (NASDAQ: FSFG – Get a rating) last released its results on Monday, April 25. The bank reported earnings per share (EPS) of $0.98 for the quarter, beating consensus analyst estimates of $0.54 from $0.44. First Savings Financial Group posted a net margin of 15.08% and a return on equity of 11.35%. On average, sell-side analysts expect First Savings Financial Group to post EPS of 2.92 for the current year.
In other First Savings Financial Group news, Director Frank Czeschin purchased 3,000 shares of the company in a trade on Thursday, April 28. The shares were purchased at an average cost of $24.91 per share, for a total transaction of $74,730.00. Following the completion of the purchase, the director now directly owns 30,876 shares of the company, valued at $769,121.16. The acquisition was disclosed in an SEC filing, available at this link. Insiders hold 14.26% of the company’s shares.
Hedge funds have recently changed their holdings in the company. BNP Paribas Arbitrage SA increased its stake in First Savings Financial Group shares by 5,979.6% during the first quarter. BNP Paribas Arbitrage SA now owns 5,654 shares in the bank worth $818,000 after acquiring an additional 5,561 shares in the last quarter. State Street Corp increased its position in shares of First Savings Financial Group by 8.2% during the first quarter. State Street Corp now owns 24,583 shares of the bank valued at $603,000 after purchasing an additional 1,853 shares during the period. Fourthstone LLC increased its stake in First Savings Financial Group by 53.2% in 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. NewEdge Advisors LLC bought a new position in shares of First Savings Financial Group in the first quarter for a value of approximately $472,000. Finally, Dimensional Fund Advisors LP increased its position in First Savings Financial Group by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank valued at $1,259,000 after purchasing an additional 1,220 shares during the period. Institutional investors hold 30.48% of the company’s shares.
First Savings Financial Group Company Profile (Get a rating)
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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