First Savings Financial Group (NASDAQ:FSFG) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of First Savings Financial Group (NASDAQ:FSFG) in a report released on Wednesday morning. The firm issued a hold rating on the bank’s stock.

Separately, Piper Sandler increased their price objective on shares of First Savings Financial Group from $19.00 to $21.00 and gave the company an overweight rating in a research report on Tuesday, February 6th.

First Savings Financial Group Price Performance

FSFG stock opened at $15.85 on Wednesday. The company has a market cap of $109.10 million, a PE ratio of 17.61 and a beta of 0.72. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 2.47. The stock has a 50-day moving average price of $16.32 and a two-hundred day moving average price of $16.10. First Savings Financial Group has a 12-month low of $11.74 and a 12-month high of $18.54.

First Savings Financial Group (NASDAQ:FSFG) last issued its earnings results on Tuesday, January 30th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. First Savings Financial Group had a return on equity of 7.99% and a net margin of 4.74%. The business had revenue of $16.90 million during the quarter, compared to analysts’ expectations of $19.70 million. As a group, research analysts predict that First Savings Financial Group will post 1.5 EPS for the current year.

First Savings Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.15 dividend. This is a boost from First Savings Financial Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Thursday, March 14th. First Savings Financial Group’s dividend payout ratio is presently 66.67%.

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.