First Savings Financial Group (NASDAQ:FSFG) Research Coverage Started at StockNews.com

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

First Savings Financial Group Price Performance

Shares of FSFG stock opened at $17.79 on Thursday. The firm has a fifty day moving average of $16.40 and a two-hundred day moving average of $16.57. The firm has a market cap of $122.40 million, a P/E ratio of 16.47 and a beta of 0.73. First Savings Financial Group has a 1-year low of $12.54 and a 1-year high of $18.54. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.09 and a quick ratio of 1.08.

First Savings Financial Group (NASDAQ:FSFG) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. First Savings Financial Group had a return on equity of 7.91% and a net margin of 5.59%. The business had revenue of $18.05 million during the quarter, compared to the consensus estimate of $18.00 million. As a group, research analysts anticipate that First Savings Financial Group will post 1.5 earnings per share for the current fiscal year.

First Savings Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Friday, June 14th. First Savings Financial Group’s dividend payout ratio is presently 55.56%.

Institutional Trading of First Savings Financial Group

An institutional investor recently raised its position in First Savings Financial Group stock. Empowered Funds LLC lifted its holdings in shares of First Savings Financial Group, Inc. (NASDAQ:FSFG) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,930 shares of the bank’s stock after buying an additional 2,209 shares during the period. Empowered Funds LLC owned 0.44% of First Savings Financial Group worth $501,000 at the end of the most recent reporting period. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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.