First Savings Financial Group (NASDAQ:FSFG) Share Price Passes Above 200 Day Moving Average – Should You Sell?

First Savings Financial Group, Inc. (NASDAQ:FSFG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.49 and traded as high as $25.72. First Savings Financial Group shares last traded at $25.39, with a volume of 5,365 shares changing hands.

Wall Street Analyst Weigh In

FSFG has been the subject of several recent analyst reports. StockNews.com raised First Savings Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Hovde Group began coverage on shares of First Savings Financial Group in a research report on Wednesday, September 11th. They issued a “market perform” rating and a $24.00 target price for the company. Finally, Piper Sandler boosted their price target 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.

First Savings Financial Group Stock Down 0.4 %

The company has a quick ratio of 1.09, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $175.14 million, a PE ratio of 12.82 and a beta of 0.73. The business’s 50-day moving average price is $27.82 and its 200-day moving average price is $23.49.

First Savings Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a yield of 2.36%. First Savings Financial Group’s payout ratio is 30.30%.

Institutional Trading of First Savings Financial Group

A number of institutional investors have recently bought and sold shares of FSFG. Barclays PLC grew its position in First Savings Financial Group by 72.9% in 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 in the last quarter. Empowered Funds LLC lifted its stake 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 purchasing an additional 1,608 shares during the last quarter. Geode Capital Management LLC boosted its holdings in First Savings Financial Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock worth $1,387,000 after purchasing an additional 690 shares in the last quarter. Cerity Partners LLC increased its position in First Savings Financial Group by 166.0% during the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after buying an additional 42,696 shares during the last quarter. Finally, Fourthstone LLC raised its holdings in 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 in the last quarter. Institutional investors and hedge funds 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.