StockNews.com Begins Coverage on First Savings Financial Group (NASDAQ:FSFG)

StockNews.com initiated coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a research report report published on Wednesday morning. The firm issued a hold rating on the bank’s stock.

First Savings Financial Group Price Performance

Shares of NASDAQ FSFG opened at $15.28 on Wednesday. The firm has a 50-day simple moving average of $16.13 and a 200-day simple moving average of $15.10. The stock has a market capitalization of $104.97 million, a price-to-earnings ratio of 9.32 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 2.38. First Savings Financial Group has a 52 week low of $11.74 and a 52 week high of $24.09.

First Savings Financial Group (NASDAQ:FSFG) last issued its earnings results on Thursday, July 27th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.21). First Savings Financial Group had a net margin of 9.45% and a return on equity of 7.07%. The business had revenue of $22.06 million during the quarter, compared to analyst estimates of $22.80 million. On average, equities analysts predict that First Savings Financial Group will post 1.7 earnings per share for the current fiscal year.

First Savings Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.66%. The ex-dividend date is Thursday, September 14th. First Savings Financial Group’s payout ratio is currently 34.15%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its stake in shares of First Savings Financial Group by 133.3% in the second quarter. Osaic Holdings Inc. now owns 3,500 shares of the bank’s stock valued at $46,000 after purchasing an additional 2,000 shares during the period. Alliancebernstein L.P. boosted its stake in shares of First Savings Financial Group by 9.8% in the second quarter. Alliancebernstein L.P. now owns 127,195 shares of the bank’s stock valued at $1,685,000 after purchasing an additional 11,400 shares during the period. FJ Capital Management LLC boosted its stake in shares of First Savings Financial Group by 26.2% in the second quarter. FJ Capital Management LLC now owns 394,472 shares of the bank’s stock valued at $5,227,000 after purchasing an additional 81,962 shares during the period. BlackRock Inc. boosted its stake in shares of First Savings Financial Group by 1.0% in the second quarter. BlackRock Inc. now owns 93,959 shares of the bank’s stock valued at $1,245,000 after purchasing an additional 909 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of First Savings Financial Group by 3.8% in the second quarter. Northern Trust Corp now owns 38,465 shares of the bank’s stock valued at $510,000 after purchasing an additional 1,406 shares during the period. Hedge funds and other institutional investors own 25.47% of the company’s stock.

First Savings Financial Group Company Profile

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.