First Savings Financial Group (NASDAQ:FSFG) Earns Hold Rating from Analysts at StockNews.com

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

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

View Our Latest Research Report on FSFG

First Savings Financial Group Price Performance

Shares of NASDAQ FSFG opened at $16.51 on Friday. First Savings Financial Group has a twelve month low of $11.74 and a twelve month high of $18.54. The firm has a market cap of $113.59 million, a P/E ratio of 18.34 and a beta of 0.72. The company has a 50 day moving average of $17.10 and a 200 day moving average of $15.97. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 2.47.

First Savings Financial Group (NASDAQ:FSFGGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates 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. As a group, research analysts expect that First Savings Financial Group will post 1.5 EPS for the current fiscal year.

First Savings Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.63%. This is a positive change from First Savings Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, March 14th. First Savings Financial Group’s dividend payout ratio is 66.67%.

Institutional Investors Weigh In On First Savings Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of First Savings Financial Group by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 245,237 shares of the bank’s stock worth $4,120,000 after purchasing an additional 8,369 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of First Savings Financial Group by 6.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 42,021 shares of the bank’s stock worth $706,000 after purchasing an additional 2,496 shares in the last quarter. Northern Trust Corp increased its stake in shares of First Savings Financial Group by 17.6% in the 4th quarter. Northern Trust Corp now owns 45,010 shares of the bank’s stock worth $756,000 after purchasing an additional 6,738 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of 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 purchasing an additional 2,000 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of First Savings Financial Group by 9.8% in the 2nd quarter. Alliancebernstein L.P. now owns 127,195 shares of the bank’s stock worth $1,685,000 after purchasing an additional 11,400 shares in the last quarter. 25.47% of the stock is currently owned by hedge funds and other institutional investors.

About First Savings Financial Group

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for First Savings Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Savings Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.