Stock Yards Bank & Trust Co. Sells 500 Shares of First Savings Financial Group, Inc. (NASDAQ:FSFG)

Stock Yards Bank & Trust Co. trimmed its position in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,500 shares of the bank’s stock after selling 500 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in First Savings Financial Group were worth $412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FSFG. Fourthstone LLC raised its holdings in First Savings Financial Group by 166.2% during the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after purchasing an additional 134,029 shares during the last quarter. Cerity Partners LLC raised its stake in shares of First Savings Financial Group by 166.0% during the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after buying an additional 42,696 shares during the last quarter. Empowered Funds LLC lifted its holdings in 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 buying an additional 1,608 shares during the period. Barclays PLC boosted its stake in First Savings Financial Group by 72.9% in the third quarter. Barclays PLC now owns 3,396 shares of the bank’s stock valued at $81,000 after acquiring an additional 1,432 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in 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 acquiring an additional 690 shares during the period. 35.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FSFG has been the topic of a number of analyst reports. StockNews.com downgraded First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 14th. Piper Sandler reduced their target price on First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday.

First Savings Financial Group Price Performance

Shares of FSFG stock opened at $23.51 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. First Savings Financial Group, Inc. has a 12-month low of $14.55 and a 12-month high of $30.94. The firm has a fifty day moving average of $26.94 and a 200-day moving average of $25.13. The firm has a market capitalization of $162.45 million, a price-to-earnings ratio of 8.58 and a beta of 0.74.

First Savings Financial Group (NASDAQ:FSFG) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.06). First Savings Financial Group had a return on equity of 8.86% and a net margin of 13.34%. On average, equities research analysts forecast that First Savings Financial Group, Inc. will post 2.65 earnings per share for the current year.

First Savings Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.60 annualized dividend and a yield of 2.55%. First Savings Financial Group’s dividend payout ratio (DPR) is currently 21.90%.

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.