Barclays PLC Raises Stake in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Barclays PLC boosted its stake in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 72.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,396 shares of the bank’s stock after purchasing an additional 1,432 shares during the quarter. Barclays PLC’s holdings in First Savings Financial Group were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fourthstone LLC raised its position in shares of First Savings Financial Group by 166.2% in the third quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock worth $5,111,000 after buying an additional 134,029 shares in the last quarter. Cerity Partners LLC increased its stake in First Savings Financial Group by 166.0% in the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after acquiring an additional 42,696 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of First Savings Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock valued at $767,000 after acquiring an additional 1,608 shares in the last quarter. Hedge funds and other institutional investors own 35.22% of the company’s stock.

First Savings Financial Group Stock Performance

Shares of NASDAQ FSFG opened at $25.89 on Friday. The stock’s 50-day moving average is $28.01 and its 200 day moving average is $24.25. The stock has a market cap of $178.59 million, a price-to-earnings ratio of 13.08 and a beta of 0.75. First Savings Financial Group, Inc. has a 1-year low of $14.55 and a 1-year high of $30.94. The company has a current ratio of 1.16, a quick ratio of 1.09 and a debt-to-equity ratio of 2.83.

First Savings Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. First Savings Financial Group’s payout ratio is 30.30%.

Analysts Set New Price Targets

FSFG has been the topic of several research analyst reports. Piper Sandler upped their price objective on shares of First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com lowered shares of First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 2nd.

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.