BlackRock Inc. Boosts Stock Holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG)

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BlackRock Inc. boosted its stake in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,828 shares of the bank’s stock after purchasing an additional 2,997 shares during the period. BlackRock Inc. owned approximately 3.40% of First Savings Financial Group worth $4,393,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in First Savings Financial Group by 587.1% during the third quarter. BNP Paribas Arbitrage SA now owns 481 shares of the bank’s stock worth $26,000 after purchasing an additional 411 shares during the period. UBS Group AG raised its stake in First Savings Financial Group by 4,190.9% during the second quarter. UBS Group AG now owns 944 shares of the bank’s stock worth $41,000 after purchasing an additional 922 shares during the period. American International Group Inc. purchased a new position in First Savings Financial Group during the second quarter worth approximately $49,000. New York State Common Retirement Fund purchased a new position in First Savings Financial Group during the second quarter worth approximately $95,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in First Savings Financial Group during the second quarter worth approximately $212,000. 27.61% of the stock is currently owned by institutional investors.

FSFG has been the topic of a number of research reports. TheStreet raised shares of First Savings Financial Group from a “c+” rating to a “b-” rating in a research note on Wednesday, September 30th. Maxim Group raised their target price on shares of First Savings Financial Group from $60.00 to $75.00 in a research note on Wednesday, November 4th.

Shares of FSFG stock opened at $62.54 on Thursday. The company’s fifty day simple moving average is $63.19 and its 200-day simple moving average is $50.88. First Savings Financial Group, Inc. has a 52 week low of $29.50 and a 52 week high of $67.38. The company has a current ratio of 1.31, a quick ratio of 1.11 and a debt-to-equity ratio of 3.47. The company has a market cap of $148.53 million, a PE ratio of 4.44 and a beta of 0.87.

First Savings Financial Group (NASDAQ:FSFG) last issued its earnings results on Friday, October 30th. The bank reported $6.39 EPS for the quarter, beating the Zacks’ consensus estimate of $5.19 by $1.20. The business had revenue of $70.45 million for the quarter. First Savings Financial Group had a net margin of 17.46% and a return on equity of 26.16%.

First Savings Financial Group Profile

First Savings Financial Group, Inc operates as the holding company for First Savings Bank that provides various banking products and 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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