First Savings Financial Group (NASDAQ:FSFG) Share Price Passes Below 200 Day Moving Average of $18.53

First Savings Financial Group, Inc. (NASDAQ:FSFG – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.53 and traded as low as $12.70. First Savings Financial Group shares last traded at $12.81, with a volume of 891 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FSFG shares. Piper Sandler dropped their price objective on shares of First Savings Financial Group from $21.00 to $19.50 in a report on Tuesday, May 2nd. StockNews.com initiated coverage on shares of First Savings Financial Group in a research report on Wednesday. They issued a “hold” rating on the stock.

First Savings Financial Group Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.09 and a debt-to-equity ratio of 2.92. The firm’s 50-day moving average is $14.79 and its 200-day moving average is $18.53. The company has a market cap of $87.95 million, a PE ratio of 7.67 and a beta of 0.63.

First Savings Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $0.56 annualized dividend and a dividend yield of 4.37%. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.13. First Savings Financial Group’s payout ratio is currently 33.53%.

Insider Buying and Selling

In other news, Director Steven R. Stemler bought 15,000 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $285,000.00. Following the completion of the purchase, the director now owns 25,740 shares in the company, valued at approximately $489,060. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 14.90% of the stock is currently owned by insiders.

Institutional Trading of First Savings Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSFG. Renaissance Technologies LLC raised its stake in shares of First Savings Financial Group by 5.0% in the second quarter. Renaissance Technologies LLC now owns 16,700 shares of the bank’s stock valued at $400,000 after acquiring an additional 800 shares during the period. BHZ Capital Management LP raised its stake in shares of First Savings Financial Group by 3.1% in the fourth quarter. BHZ Capital Management LP now owns 33,560 shares of the bank’s stock valued at $671,000 after acquiring an additional 1,016 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of First Savings Financial Group by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank’s stock valued at $1,259,000 after acquiring an additional 1,220 shares during the period. Morgan Stanley raised its stake in shares of First Savings Financial Group by 266.7% in the fourth quarter. Morgan Stanley now owns 1,683 shares of the bank’s stock valued at $34,000 after acquiring an additional 1,224 shares during the period. Finally, State Street Corp raised its stake in shares of First Savings Financial Group by 8.2% in the first quarter. State Street Corp now owns 24,583 shares of the bank’s stock valued at $603,000 after acquiring an additional 1,853 shares during the period. 25.95% of the stock is owned by hedge funds and other institutional investors.

First Savings Financial Group Company Profile

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First Savings Financial Group, Inc operates as a savings and loans holding company for First Savings Bank FSB, a federally chartered savings bank. The firm operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area.