Connor Clark & Lunn Investment Management Ltd. Invests $597,000 in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,488 shares of the bank’s stock, valued at approximately $597,000. Connor Clark & Lunn Investment Management Ltd. owned 0.33% of First Savings Financial Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in First Savings Financial Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock worth $1,387,000 after acquiring an additional 690 shares during the period. Barclays PLC raised its position in First Savings Financial Group by 72.9% during the third quarter. Barclays PLC now owns 3,396 shares of the bank’s stock worth $81,000 after acquiring an additional 1,432 shares during the last quarter. Empowered Funds LLC grew its holdings in First Savings Financial Group by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock valued at $767,000 after buying an additional 1,608 shares during the last quarter. Cerity Partners LLC raised 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 valued at $1,629,000 after purchasing an additional 42,696 shares during the last quarter. Finally, Fourthstone LLC lifted its stake in shares of First Savings Financial Group by 166.2% during the third quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after buying an additional 134,029 shares during the period. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

First Savings Financial Group Stock Up 3.2 %

Shares of First Savings Financial Group stock opened at $26.03 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.08 and a quick ratio of 1.07. First Savings Financial Group, Inc. has a 1-year low of $14.55 and a 1-year high of $30.94. The business has a 50-day moving average of $24.90 and a 200-day moving average of $25.79. The company has a market capitalization of $180.00 million, a PE ratio of 9.50 and a beta of 0.75.

First Savings Financial Group (NASDAQ:FSFG) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.06). First Savings Financial Group had a return on equity of 8.79% and a net margin of 13.34%. As a group, equities analysts forecast that First Savings Financial Group, Inc. will post 2.45 EPS for the current fiscal year.

First Savings Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from First Savings Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 2.46%. First Savings Financial Group’s dividend payout ratio is 23.36%.

Analysts Set New Price Targets

Several equities analysts recently commented on FSFG shares. Maxim Group set a $28.00 target price on First Savings Financial Group and gave the company a “buy” rating in a research note on Tuesday, February 4th. StockNews.com lowered First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, Piper Sandler decreased their target price on First Savings Financial Group from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, January 31st.

First Savings Financial Group 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.