First Savings Financial Group (NASDAQ:FSFG) Receives New Coverage from Analysts at StockNews.com

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

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

First Savings Financial Group Stock Performance

Shares of FSFG opened at $14.75 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 2.47. The firm has a market cap of $101.48 million, a PE ratio of 16.39 and a beta of 0.72. The company’s 50 day simple moving average is $16.51 and its 200-day simple moving average is $16.09. First Savings Financial Group has a 12-month low of $11.74 and a 12-month high of $18.54.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings results on Tuesday, January 30th. The bank reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. First Savings Financial Group had a return on equity of 7.99% and a net margin of 4.74%. The firm had revenue of $16.90 million during the quarter, compared to the consensus estimate of $19.70 million. As a group, equities analysts predict that First Savings Financial Group will post 1.5 EPS for the current year.

First Savings Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.15 dividend. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 4.07%. First Savings Financial Group’s payout ratio is 66.67%.

Hedge Funds Weigh In On First Savings Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of First Savings Financial Group by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 16,700 shares of the bank’s stock valued at $400,000 after purchasing an additional 800 shares in the last quarter. BlackRock Inc. lifted its stake in shares of First Savings Financial Group by 1.0% in the 2nd quarter. BlackRock Inc. now owns 93,959 shares of the bank’s stock valued at $1,245,000 after purchasing an additional 909 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in First Savings Financial Group by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 51,312 shares of the bank’s stock worth $1,259,000 after acquiring an additional 1,220 shares in the last quarter. Morgan Stanley lifted its position in First Savings Financial Group by 266.7% during the 4th quarter. Morgan Stanley now owns 1,683 shares of the bank’s stock worth $34,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Northern Trust Corp lifted its position in First Savings Financial Group by 3.8% during the 2nd quarter. Northern Trust Corp now owns 38,465 shares of the bank’s stock worth $510,000 after acquiring an additional 1,406 shares in the last quarter. 35.22% of the stock is owned by institutional investors and hedge funds.

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.