Fourthstone LLC Acquires 134,029 Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG)

Fourthstone LLC raised its holdings in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 166.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,671 shares of the bank’s stock after purchasing an additional 134,029 shares during the quarter. First Savings Financial Group makes up 1.1% of Fourthstone LLC’s holdings, making the stock its 22nd biggest position. Fourthstone LLC owned about 3.12% of First Savings Financial Group worth $5,111,000 as of its most recent SEC filing.

Separately, Empowered Funds LLC boosted its holdings in shares of First Savings Financial Group by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after buying an additional 1,608 shares during the period. 35.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Hovde Group began coverage on shares of First Savings Financial Group in a report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 price target on the stock. Piper Sandler increased their target price on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

First Savings Financial Group Price Performance

Shares of FSFG stock traded down $0.01 on Thursday, reaching $30.05. The company had a trading volume of 24,251 shares, compared to its average volume of 8,814. The business’s 50-day moving average is $26.03 and its 200 day moving average is $21.89. The stock has a market capitalization of $206.74 million, a PE ratio of 15.18 and a beta of 0.72. First Savings Financial Group, Inc. has a one year low of $13.20 and a one year high of $30.46. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83.

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.