EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc (NASDAQ:FSFG)

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EJF Capital LLC boosted its position in First Savings Financial Group Inc (NASDAQ:FSFG) by 122.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,193 shares of the bank’s stock after buying an additional 38,670 shares during the quarter. EJF Capital LLC owned approximately 2.99% of First Savings Financial Group worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in FSFG. SG Americas Securities LLC bought a new stake in First Savings Financial Group during the first quarter valued at $126,000. Russell Investments Group Ltd. bought a new stake in shares of First Savings Financial Group in the 2nd quarter valued at about $472,000. Paloma Partners Management Co bought a new stake in shares of First Savings Financial Group in the 2nd quarter valued at about $528,000. Renaissance Technologies LLC lifted its stake in shares of First Savings Financial Group by 141.0% in the 2nd quarter. Renaissance Technologies LLC now owns 9,400 shares of the bank’s stock valued at $564,000 after acquiring an additional 5,500 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of First Savings Financial Group by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 52,801 shares of the bank’s stock valued at $3,168,000 after acquiring an additional 4,542 shares during the last quarter. Institutional investors own 26.58% of the company’s stock.

Separately, Maxim Group set a $75.00 target price on First Savings Financial Group and gave the company a “buy” rating in a research note on Monday, August 12th.

In related news, COO John P. Lawson, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $59.16, for a total value of $59,160.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.30% of the stock is currently owned by corporate insiders.

Shares of NASDAQ FSFG traded down $0.25 during midday trading on Thursday, reaching $61.40. The company had a trading volume of 1,444 shares, compared to its average volume of 1,484. First Savings Financial Group Inc has a one year low of $45.36 and a one year high of $69.25. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 1.80. The firm’s fifty day moving average price is $60.26 and its 200-day moving average price is $57.78. The stock has a market cap of $143.04 million, a PE ratio of 9.96 and a beta of 0.37.

First Savings Financial Group (NASDAQ:FSFG) last posted its earnings results on Friday, August 2nd. The bank reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.72. First Savings Financial Group had a return on equity of 13.43% and a net margin of 18.26%. The firm had revenue of $23.39 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.04%.

First Savings Financial Group Company Profile

First Savings Financial Group, Inc operates as the holding company for First Savings Bank that provides various banking products and services to consumers and businesses in southern Indiana. The company operates through Core Banking and SBA Lending segments. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.

Read More: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

Institutional Ownership by Quarter for First Savings Financial Group (NASDAQ:FSFG)

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