First Savings Financial Group, Inc. Plans Quarterly Dividend of $0.15 (NASDAQ:FSFG)

First Savings Financial Group, Inc. (NASDAQ:FSFG) declared a quarterly dividend on Monday, December 2nd,Wall Street Journal reports. Investors of record on Monday, December 16th will be given a dividend of 0.15 per share by the bank on Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Monday, December 16th.

First Savings Financial Group has raised its dividend payment by an average of 35.2% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. First Savings Financial Group has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Savings Financial Group to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 21.8%.

First Savings Financial Group Stock Up 0.1 %

FSFG stock traded up $0.03 during mid-day trading on Tuesday, reaching $30.13. The company had a trading volume of 2,457 shares, compared to its average volume of 8,931. The firm has a fifty day simple moving average of $26.40 and a 200 day simple moving average of $22.22. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.09 and a current ratio of 1.16. The company has a market capitalization of $207.29 million, a price-to-earnings ratio of 15.20 and a beta of 0.73. First Savings Financial Group has a fifty-two week low of $14.55 and a fifty-two week high of $30.46.

Analysts Set New Price Targets

Several research firms have commented on FSFG. StockNews.com upgraded shares of First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Piper Sandler increased their target price on First Savings Financial Group from $27.50 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Hovde Group started coverage on First Savings Financial Group in a report on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price target for the company.

About First Savings Financial Group

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.