First Savings Financial Group (NASDAQ:FSFG) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

First Savings Financial Group, Inc. (NASDAQ:FSFG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.73 and traded as high as $24.38. First Savings Financial Group shares last traded at $24.36, with a volume of 1,736 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Hovde Group started coverage on First Savings Financial Group in a report on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price objective for the company. StockNews.com began coverage on shares of First Savings Financial Group in a report on Wednesday, August 14th. They set a “buy” rating for the company. Finally, Piper Sandler upped their price objective on shares of First Savings Financial Group from $20.00 to $26.50 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st.

First Savings Financial Group Price Performance

The stock has a fifty day moving average of $23.74 and a 200-day moving average of $19.73. The firm has a market capitalization of $167.64 million, a P/E ratio of 22.55 and a beta of 0.73. The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83.

First Savings Financial Group (NASDAQ:FSFG) last announced its earnings results on Thursday, July 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. First Savings Financial Group had a net margin of 6.90% and a return on equity of 8.63%. The company had revenue of $17.73 million for the quarter, compared to analyst estimates of $17.60 million. Equities analysts predict that First Savings Financial Group, Inc. will post 1.75 EPS for the current fiscal year.

First Savings Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.46%. The ex-dividend date was Friday, September 13th. First Savings Financial Group’s dividend payout ratio is 55.56%.

Institutional Investors Weigh In On First Savings Financial Group

A hedge fund recently raised its stake in First Savings Financial Group stock. Empowered Funds LLC grew its holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,930 shares of the bank’s stock after purchasing an additional 2,209 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent reporting period. Institutional investors own 35.22% of the company’s stock.

About First Savings Financial Group

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.