StockNews.com Initiates Coverage on First Savings Financial Group (NASDAQ:FSFG)

StockNews.com started coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a research report released on Wednesday. The firm issued a hold rating on the bank’s stock.

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

First Savings Financial Group Stock Performance

FSFG stock opened at $15.92 on Wednesday. The company has a 50 day moving average price of $16.27 and a 200 day moving average price of $16.10. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.11 and a quick ratio of 1.10. First Savings Financial Group has a fifty-two week low of $11.74 and a fifty-two week high of $18.54. The stock has a market capitalization of $109.52 million, a PE ratio of 14.74 and a beta of 0.72.

First Savings Financial Group (NASDAQ:FSFG) last released its earnings results on Tuesday, January 30th. The bank reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. First Savings Financial Group had a net margin of 5.59% and a return on equity of 7.97%. The firm had revenue of $16.90 million during the quarter, compared to analyst estimates of $19.70 million. Analysts forecast that First Savings Financial Group will post 1.5 EPS for the current year.

First Savings Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.15 dividend. This is a positive change from First Savings Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 3.77%. First Savings Financial Group’s payout ratio is 55.56%.

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.