First Savings Financial Group (NASDAQ:FSFG) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

First Savings Financial Group, Inc. (NASDAQ:FSFG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.49 and traded as high as $25.72. First Savings Financial Group shares last traded at $25.39, with a volume of 5,365 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Hovde Group started coverage on First Savings Financial Group in a research note on Wednesday, September 11th. They set a “market perform” rating and a $24.00 target price for the company. StockNews.com raised First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Piper Sandler upped their price target on shares of 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.

First Savings Financial Group Price Performance

The firm has a market cap of $181.28 million, a PE ratio of 13.27 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83. The company has a 50 day moving average price of $27.86 and a 200 day moving average price of $23.56.

First Savings Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Monday, December 16th. First Savings Financial Group’s dividend payout ratio (DPR) is 30.30%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fourthstone LLC grew its stake in First Savings Financial Group by 166.2% in the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after acquiring an additional 134,029 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of First Savings Financial Group by 166.0% in the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after purchasing an additional 42,696 shares in the last quarter. Empowered Funds LLC grew its position in shares of First Savings Financial Group by 5.3% in the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock valued at $767,000 after purchasing an additional 1,608 shares during the last quarter. Barclays PLC increased its stake in shares of First Savings Financial Group by 72.9% during the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock worth $81,000 after purchasing an additional 1,432 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of First Savings Financial Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock worth $1,387,000 after purchasing an additional 690 shares during the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

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.