First Savings Financial Group (NASDAQ:FSFG) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a research note published on Tuesday morning. The firm issued a hold rating on the bank’s stock.

Separately, Piper Sandler increased their price objective on shares of First Savings Financial Group from $19.00 to $21.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th.

First Savings Financial Group Price Performance

Shares of First Savings Financial Group stock opened at $14.65 on Tuesday. The stock has a 50 day moving average price of $16.42 and a 200-day moving average price of $16.07. First Savings Financial Group has a one year low of $11.74 and a one year high of $18.54. The stock has a market cap of $100.79 million, a price-to-earnings ratio of 16.28 and a beta of 0.72. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.10 and a current ratio of 1.11.

First Savings Financial Group (NASDAQ:FSFG) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. First Savings Financial Group had a net margin of 4.74% and a return on equity of 7.99%. The company had revenue of $16.90 million during the quarter, compared to analyst estimates of $19.70 million. Equities analysts expect that First Savings Financial Group will post 1.5 EPS for the current year.

First Savings Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from First Savings Financial Group’s previous quarterly dividend of $0.14. First Savings Financial Group’s dividend payout ratio is 66.67%.

Institutional Trading of First Savings Financial Group

A number of large investors have recently made changes to their positions in the stock. Morgan Stanley increased its stake in First Savings Financial Group by 266.7% in the 4th quarter. Morgan Stanley now owns 1,683 shares of the bank’s stock worth $34,000 after buying an additional 1,224 shares during the period. Osaic Holdings Inc. grew its stake in First Savings Financial Group by 133.3% in the 2nd quarter. Osaic Holdings Inc. now owns 3,500 shares of the bank’s stock worth $46,000 after acquiring an additional 2,000 shares in the last quarter. UBS Group AG increased its position in shares of First Savings Financial Group by 569.2% during the first quarter. UBS Group AG now owns 4,557 shares of the bank’s stock worth $73,000 after acquiring an additional 3,876 shares during the period. Susquehanna International Group LLP bought a new stake in shares of First Savings Financial Group during the fourth quarter valued at approximately $236,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of First Savings Financial Group by 5.0% in the second quarter. Renaissance Technologies LLC now owns 16,700 shares of the bank’s stock valued at $400,000 after purchasing an additional 800 shares during the period. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.