Alert: Positive Investment/Fundamental Signals (9/18/20)-First Savings Financial Group In (NASDAQ: FSFG)


First Savings Financial Group In (NASDAQ: FSFG) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Minimal positive changes in First Savings Financial Group In (NASDAQ: FSFG) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to fall short of the cost of capital, FSFG is expected to be an important Value Eraser.

First SavFinl Grp In has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. First SavFinl Grp In has a neutral Appreciation Score of 55 but a poor Power Rating of 23, with the Low Neutral Value Trend Rating the result.

Recent Price Action

On 9/18/20, First Savings Financial Group In (NASDAQ: FSFG) stock increased 1.3%, closing at $49.64. Moreover, trading volume in this advance was exceptionally high at 202% of normal. The stock has risen 9.2% during the last week but has been weak relative to the market over the last nine months.

About John Lafferty 84225 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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