First Savings Financial Group Inc (NASDAQ:FSFG) declared a quarterly dividend on Wednesday, May 29th, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.16 per share by the bank on Friday, June 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Thursday, June 13th.
First Savings Financial Group has raised its dividend by an average of 7.7% per year over the last three years and has increased its dividend every year for the last 2 years.
FSFG stock traded up $0.48 during trading on Wednesday, reaching $58.48. 4,487 shares of the stock were exchanged, compared to its average volume of 2,627. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.04 and a quick ratio of 0.98. First Savings Financial Group has a 1 year low of $45.36 and a 1 year high of $74.30. The company has a market capitalization of $133.47 million, a PE ratio of 10.56 and a beta of 0.34.
In related news, Director Frank Czeschin bought 1,700 shares of the stock in a transaction dated Friday, June 7th. The stock was acquired at an average price of $56.51 per share, for a total transaction of $96,067.00. Following the acquisition, the director now owns 1,794 shares in the company, valued at approximately $101,378.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 693 shares of company stock valued at $40,311 in the last quarter. 17.30% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in First Savings Financial Group stock. Geode Capital Management LLC grew its position in shares of First Savings Financial Group Inc (NASDAQ:FSFG) by 13.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,342 shares of the bank’s stock after buying an additional 891 shares during the quarter. Geode Capital Management LLC owned 0.32% of First Savings Financial Group worth $381,000 as of its most recent filing with the SEC. 27.57% of the stock is currently owned by institutional investors and hedge funds.
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About First Savings Financial Group
First Savings Financial Group, Inc operates as the holding company for First Savings Bank that provides various banking products and services to consumers and businesses in southern Indiana. The company operates through Core Banking and SBA Lending segments. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.
Further Reading: The limitations of an equal weight rating
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